SNGX - Crude Oil Falls Sharply; Kroger Posts Upbeat Earnings | Benzinga
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling around 100 points on Thursday.
The Dow traded up 0.85% to 35,729.88 while the NASDAQ fell 0.71% to 14,156.60. The S&P 500 also fell, dropping, 0.13% to 4,544.50.
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Leading and Lagging Sectors
Health care shares rose by 0.9% on Thursday.
In trading on Thursday, communication services shares fell by 1.4%.
Top Headline
Kroger Company (NYSE: KR) reported better-than-expected earnings for its third quarter.
The company posted a third-quarter FY23 sales decline of 0.7% year-on-year to $33.96 billion, marginally beating the analyst consensus estimate of $33.92 billion. Adjusted EPS of $0.95 beat the consensus estimate of $0.91.
Equities Trading UP
Soligenix, Inc. (NASDAQ: SNGX) shares shot up 189% to $1.2000 after the company announced it received FDA IND clearance for the Phase 2 clinical trial of dusquetide in the treatment of aphthous ulcers of Behçet's disease.
Shares of REX American Resources Corporation (NYSE: REX) got a boost, shooting 35% to $49.72 after the company reported better-than-expected third-quarter financial results.
ImmunoGen, Inc. (NASDAQ: IMGN) shares were also up, gaining 82% to $33.06 after AbbVie announced it will acquire the company in a transaction valued at $31.26 per share in cash.
Equities Trading DOWN
Lizhi Inc. ...