SNGX - Nasdaq Falls Over 100 Points; Cracker Barrel Shares Slide After Q1 Results | Benzinga
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index gaining around 300 points on Thursday.
The Dow traded up 0.88% to 35,742.35 while the NASDAQ fell 0.79% to 14,145.17. The S&P 500 also fell, dropping, 0.15% to 4,543.88.
Check This Out: Salesforce To Rally Over 30%? Here Are 10 Top Analyst Forecasts For Thursday
Leading and Lagging Sectors
Health care shares rose by 0.8% on Thursday.
In trading on Thursday, communication services shares fell by 1.7%.
Top Headline
Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) fell around 6% on Thursday after the company released results for its first quarter.
The company reported quarterly revenues of $823.8 million, down 1.9% Y/Y, missing the consensus of $826.21 million. Adjusted EPS of $0.51, a 48% decrease from $0.99 a year ago, missing the consensus of $0.75.
Cracker Barrel expects FY24 revenue of $3.4 billion to $3.5 billion, versus the consensus of $3.5 billion.
Equities Trading UP
Soligenix, Inc. (NASDAQ: SNGX) shares shot up 244% to $1.43 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 $49.84 after the company reported better-than-expected third-quarter financial results.
ImmunoGen, Inc. (NASDAQ: IMGN) shares were also up, gaining 82% ...