YTEN - Why Air Products and Chemicals Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Monday's Mid-Day Session | Benzinga
Shares of Air Products and Chemicals, Inc. (NYSE: APD) fell sharply during Monday’s session after the company reported worse-than-expected first-quarter financial results and lowered FY24 adjusted EPS guidance below estimates.
Air Products & Chemicals posted adjusted earnings of $2.82 per share, missing market estimates of $3.00 per share. The company’s quarterly sales came in at $3.00 billion versus expectations of $3.19 billion.
Air Products and Chemicals shares dipped 14.7% to $220.02 on Monday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Yield10 Bioscience, Inc. (NASDAQ: YTEN) shares climbed 116.4% to $0.4964.
- 4D Molecular Therapeutics, Inc. (NASDAQ: FDMT) gained 100.9% to $35.13 after the company announced interim data from the Phase 2 PRISM clinical trial evaluating intravitreal 4D-150 in wet AMD patients with severe disease activity and a high treatment burden.
- Chenghe Acquisition Co. (NASDAQ: CHEA) shares jumped 76% to $9.66 after shareholders on Friday voted to approve the merger agreement with Taiwan Color Optics.
- Wrap Technologies, Inc. (NASDAQ: WRAP) gained 55.6% to $6.35. Wrap Technologies has reduced its labor force by 30%, representing $2.4 million in annual savings.
- Adverum Biotechnologies, Inc. (NASDAQ: ADVM) climbed 31.1% to $1.8620. Adverum Biotechnologies has agreed to sell approximately 106.25 million shares in a private placement at $1.20 per share with gross proceeds of approximately $127.5 million.
- MIRA Pharmaceuticals, Inc. (NASDAQ: MIRA) surged 31.1% to $1.22. MIRA Pharmaceuticals announced a research collaboration with Pharmaseed to conduct pre-clinical studies on use of Ketamir for patients with major depressive disorder and post-traumatic stress disorder.
- Envoy Medical, Inc. (NASDAQ: COCH) rose 27% to $1.5261.
- Griid Infrastructure Inc. (NASDAQ: GRDI) shares rose 26.4% to $2.63 after dipping more ...