Why Nucor Shares Are Trading Lower? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Apr 23, 202417:53 UTC

NUE

CYN

PEGY

OPRT

Shares of Nucor Corporation NUE fell sharply during Tuesday's session after the company reported worse-than-expected quarterly financial results.

Nucor reported quarterly earnings of $3.46 per share which missed the analyst consensus estimate of $3.65. Quarterly sales came in at $8.14 billion, missing the analyst consensus estimate of $8.26 billion, according to data from Benzinga Pro.

Nucor shares tumbled 6.5% to $179.20 on Tuesday.

Here are some other stocks moving in today’s mid-day session.

Gainers

Cyngn Inc. CYN shares jumped 100% to $0.2419 after the company announced that it has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere’s operation in Dubuque, Iowa.
Pineapple Energy Inc. PEGY shares climbed 50.4% to $0.0689 after falling 10% on Monday.
Oportun Financial Corporation OPRT gained 46% to $3.29 after the company announced preliminary first-quarter total revenue above estimates.
Palisade Bio, Inc. PALI shares climbed 44.3% to $7.12 after the company entered a collaboration with Strand Life Sciences.
KULR Technology Group, Inc. KULR gained 27% to $0.5683 after the company announced it delivered on an immediate basis, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine.
Smart for Life, Inc. SSMFL climbed 20% to $5.22.
HWH International Inc. HWH rose 19.5% to $1.5307 after declining 3% on Monday.
SolarMax Technology, Inc. SMXT gained 18.7% to $9.49.
Hibbett, Inc. HIBB rose 18.4% to $85.85 after the company agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, in a $1.1 billion transaction.
SES AI Corporation SES gained 17.4% to $1.3499.
SolarMax Technology, Inc. SMXT rose 15.5% to $9.24.
FuelCell Energy, Inc. FCEL gained 15.5% to $0.9295.
Carmell Corporation CTCX climbed 15.2% to $2.20.
Azitra, Inc. AZTR shares gained 15% to $0.2244 after the company announced new preclinical data will be presented at the American Society of Gene and Cell Therapy meeting.
Virgin Galactic Holdings, Inc. SPCE jumped 14.4% to $0.8603.
9F Inc. JFU rose 14.3% to $3.29.
Canaan Inc. CAN gained 14% to $1.05. The company executives announced intentions to purchase at least $2 million of the company's common stock.
Cartesian Therapeutics, Inc. RNAC jumped 12.7% to $20.59 after Leerink Partners initiated coverage on the stock with an Outperform rating and announced a $39 price target.
Spotify Technology S.A. SPOT gained 12.3% to $305.73 following first-quarter financial results.
Heron Therapeutics, Inc. HRTX climbed 11.6% to $2.89 after Capital One initiated coverage on the stock with an Overweight rating and $6 price target.
Mesoblast Limited MESO gained 9.4% to $6.05.
Ryder System, Inc. R rose 9% to $118.82 following better-than-expected quarterly earnings.
Bloom Energy Corporation BE jumped 8.8% to $10.15.
HealthStream, Inc. HSTM surged 7.4% to $25.91 following upbeat quarterly results.
Cidara Therapeutics, Inc. CCDTX shares rose 7% to $0.55 following upbeat quarterly results.
Roku, Inc. ROKU gained 6.2% to $62.20.

Losers

Abeona Therapeutics Inc. ABEO fell 48.4% to $3.7950 after the company announced the FDA issued a Complete Response Letter in response to the company’s Biologics License Application for pz-cel for the treatment of patients with recessive dystrophic epidermolysis bullosa.
Greenwave Technology Solutions, Inc. GWAV shares fell 44.6% to $0.0699. Greenwave Technology Solutions disclosed that it further strengthened its balance sheet by approximately $12 million.
Lichen China Limited LICN fell 44.4% to $0.5450.
Tungray Technologies Inc. TTRSG shares declined 34.2% to $4.87 after gaining 24% on Monday.
Tian Ruixiang Holdings Ltd TIRX fell 26.3% to $0.5091.
Moolec Science SA MLEC fell 24.3% to $1.87. On April 22, Moolec Science said it received approval for its plant-grown animal proteins.
YY Group Holding Limited YYYGH fell 22.4% to $2.25 after tumbling over 27% on Monday. The company, last week, priced its IPO at $4 per share.
Top Wealth Group Holding Limited TTWG dipped 19.7% to $2.0899.
Comstock Holding Companies, Inc. CHCI declined 18.8% to $6.44.
SuperCom Ltd. SPCB dipped 18% to $0.2369. SuperCom recently reported better-than-expected quarterly results.
JetBlue Airways Corporation JBLU declined 16.2% to $6.29 after the company reported first-quarter financial results and issued worse-than-expected Q2 and FY24 Revenue outlook.
MSCI Inc. MSCI declined 13% to $448.01 following first-quarter financial results.
LKQ Corporation LKQ fell 12.6% to $42.78 after the company reported a first-quarter earnings miss and cut its FY24 outlook.
Simpson Manufacturing Co., Inc. SSD dipped 11.7% to $163.40 following weak quarterly earnings.
Jaguar Health, Inc. JAGX shares fell 11.2% to $0.1598 after the company filed for a mixed shelf offering of up to $75 million.
Xerox Holdings Corporation XRX tumbled 11.1% to $14.60 after the company reported worse-than-expected first-quarter results and reiterated FY24 guidance.
T2 Biosystems, Inc. TTOO declined 10.4% to $2.83 after gaining around 7% on Monday.
Sasol Limited SSL shares fell 10.1% to $7.13 after the company issued its production and sales performance metrics for the nine months ended 31 March, 2024.
Complete Solaria, Inc. CSLR fell 9.3% to $0.3530 after dipping around 14% on Monday.
Cleveland-Cliffs Inc. CLF dipped 7.8% to $19.22 after the company’s reported worse-than-expected first-quarter financial results.
Phio Pharmaceuticals Corp. PHIO fell 7.1% to $0.77. Phio Pharmaceuticals shares jumped around 33% on Monday after the company announced that its intratumoral injection of murine PH-762 inhibited tumor growth in murine tumor models and may generate memory-specific T cells.
Calix, Inc. CALX shares fell 4.1% to $28.34 after the company reported mixed first-quarter financial results and issued second-quarter guidance below estimates.