TLRY - Why Alibaba Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session | Benzinga
Shares of Alibaba Group Holding Limited (NYSE:BABA) fell sharply during Tuesday's session following mixed first-quarter financial results.
The e-commerce giant reported fiscal fourth-quarter 2023 revenue growth of 7% year-on-year to $30.73 billion, beating the analyst consensus estimate of $30.40 billion. Adjusted earnings per ADS of $1.40 missed the analyst consensus estimate of $1.41, according to data from Benzinga Pro.
Alibaba Group shares tumbled 6.8% to $78.86 on Tuesday.
Here are some other stocks moving in today’s mid-day session.
Gainers
- Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares jumped 352.4% to $5.34 as the company reported pricing of $8.19 million follow-on public offering.
- Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) jumped 136% to $0.1434 after jumping over 32% on Monday.
- MicroCloud Hologram Inc. (NASDAQ:HOLO) shares gained 73% to $3.4499 after gaining around 18% on Monday.
- AMC Entertainment Holdings, Inc. (NYSE:AMC) shares gained 72.1% to $8.93 after surging 78% on Monday.
- GameStop Corp. (NYSE:GME) gained 61.7% to $49.24 after jumping over 74% on Monday.
- SunPower Corporation (NASDAQ:SPWR) rose 62% to $4.4590 as high short-interest stocks gain amid the return of trader "Roaring Kitty" to social media. Additionally, the Biden administration raised tariffs on Chinese solar panels.
- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) gained 52.5% to $3.7693.
- Big Lots, Inc. (NYSE:BIG) gained 39.7% to $5.18.
- Plug Power Inc. (NASDAQ:PLUG) jumped 35% to $3.9165 after the company received a conditional commitment for an up to $1.66 billion loan guarantee from the Department of Energy.
- Virgin Galactic Holdings, Inc. (NASDAQ:SPCE) gained 31.5% to $1.3701 as high-short interest stocks gain amid the return of trader ‘Roaring Kitty’ to social media.
- Vuzix Corporation (NASDAQ:VUZI) jumped 29.7% to $1.74.
- Harrow, Inc. (NASDAQ:HROW) jumped 29.3% to $15.61 after the company ...