BNZI - Why Bank of Montreal Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session | Benzinga
Shares of Bank of Montreal (NYSE:BMO) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter financial results.
Bank of Montreal posted quarterly adjusted earnings of C$2.59 per share, missing market estimates of C$2.77 per share. The company's quarterly sales came in at C$7.988 billion missing expectations of C$8.046 billion, according to data from Benzinga Pro.
Bank of Montreal shares declined 7.1% to $89.32 on Wednesday.
Here are some other stocks moving in today’s mid-day session.
Gainers
- ReShape Lifesciences Inc. (NASDAQ:RSLS) shares jumped 82.8% to $0.3799 a day after it received the nod from the U.S. Patent And Trademark Office to issue a patent for its obesity treatment.
- Innovative Eyewear, Inc. (NASDAQ:LUCY) shares jumped 56.1% to $0.64 after the company launched its Eddie Bauer Smart Eyewear collection.
- Brand Engagement Network, Inc. (NASDAQ:BNAI) climbed 41% to $1.7900 after the company announced a $4.95 million private placement and appointed Paul Chang to co-CEO.
- Siyata Mobile Inc. (NASDAQ:SYTA) gained 40% to $2.10. The company yesterday announced that it received an order from the City of Lancaster Public Utilities Department for its SD7 Push-to-Talk handsets, VK7 Vehicle Kits and related accessories.
- AST SpaceMobile, Inc. (NASDAQ:ASTS) climbed 29% to $6.88 after the company announced a partnership with Verizon for direct-to-cellular AST SpaceMobile service when needed for Verizon customers.
- Cheche Group Inc. (NASDAQ:CCG) shares gained 25.4% to $1.67. Cheche Group is expected to host a conference call to discuss first quarter 2024 results on Thursday, May 30.
- Mustang Bio, Inc. (NASDAQ:MBIO) gained 25% to $0.2370.
- Globavend Holdings Limited (NASDAQ:GVH) jumped 23.5% to $1.89 after the company announced an MOU to acquire Top Logistics.
- Ikena Oncology, Inc. (NASDAQ:IKNA) gained 22.5% to $1.63 after the company announced it will discontinue development of IK-930 and evaluate strategic options for both the Company and its development pipeline.
- Ooma, Inc. (NYSE:OOMA) rose ...