ZIM - Why AAR Shares Are Trading Lower By 7%? Here Are Other Stocks Moving In Friday's Mid-Day Session | Benzinga
Shares of AAR Corp. (NYSE: AIR) fell during Friday’s session after the company reported mixed second-quarter financial results.
AAR reported quarterly sales of $545.4 million, up 16% Y/Y, missing the consensus of $557.2 million. Adjusted EPS from continuing operations rose 17% Y/Y to 81 cents, beating the consensus of 80 cents.
AAR recently disclosed the buyout of the Product Support business of Triumph Group Inc (NYSE: TGI) for $725 million.
AAR shares fell 7% to $65.82 on Friday.
Here are some other stocks moving in today's mid-day session.
Gainers
- NextPlay Technologies, Inc. (NASDAQ: NXTP) shares jumped 263% to $3.29.
- Jin Medical International Ltd. (NASDAQ: ZJYL) gained 71% to $120.50.
- Daseke, Inc. (NASDAQ: DSKE) gained 64.8% to $8.10 after the company announced it will be acquired by TFI International.
- Royalty Management Holding Corporation (NASDAQ: RMCO) jumped 59% to $3.18. Royalty Management Holding announced that Ferrox Holdings confirmed the commencement of production of titanium ferrite from its Tivani operating site.
- Karuna Therapeutics, Inc. (NASDAQ: KRTX) shares gained 46.9% to $316.20. Bristol Myers Squibb & Co (NYSE: BMY) agreed to acquire Karuna Therapeutics for $330.00 per share in cash, for a total equity value of $14.0 billion, or $12.7 billion net of estimated cash acquired.
- Polished.com Inc. (NYSE: POL) rose 46% to $5.91.
- Esports Entertainment Group, Inc. (NASDAQ: GMBL) jumped 40.8% to $5.92.
- Argo Blockchain plc (NASDAQ: ARBK) gained 35% to $3.4801.
- PureTech Health plc (NASDAQ: PRTC) climbed 33.8% to $24.95 after the company announced that its Founded Entity, Karuna Therapeutics, entered into a definitive merger agreement to be acquired by Bristol Myers Squibb.
- Snow Lake Resources Ltd. (NASDAQ: LITM) rose 29.6% to $1.1389.
- Asset Entities Inc. (NASDAQ: ASST) rose 25.9% to $0.8310 after jumping 45% on Thursday. Asset Entities, last month, announced a stock repurchase program.
- Rocket Lab USA, Inc. (NASDAQ: RKLB) shares gained 25% to $5.54 after the company announced a new $515 million contract with a U.S. ...