MOMO - Why Comtech Telecommunications Shares Are Trading Lower By Over 16%? Here Are Other Stocks Moving In Friday's Mid-Day Session | Benzinga
Shares of Comtech Telecommunications Corp. (NASDAQ: CMTL) moved lower during Friday’s session following weak quarterly earnings.
Comtech Telecom posted adjusted earnings of 24 cents per share, missing market estimates of 26 cents per share. The company’s quarterly sales came in at $151.91 million versus expectations of $151.87 million.
Comtech Telecommunications shares fell 16.4% to $10.45 on Friday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Intensity Therapeutics, Inc. (NASDAQ: INTS) shares jumped 149.2% to $10.32. Intensity Therapeutics presented INT230-6 data in early-stage breast cancer patients.
- MBIA Inc. (NYSE: MBI) shares climbed 63.8% to $12.09 after the company announced it declared an extraordinary cash dividend on MBIA common stock of $8.00 per share.
- ALX Oncology Holdings Inc. (NASDAQ: ALXO) gained 35.7% to $12.56. Jefferies upgraded ALX Oncology Holdings from Hold to Buy and raised the price target from $8 to $18.
- VerifyMe, Inc. (NASDAQ: VRME) gained 27% to $1.29. VerifyMe’s board approved share repurchase program of up to $500,000.
- Exicure, Inc. (NASDAQ: XCUR) shares rose 23.2% to $0.5297 after gaining more than 5% on Thursday.
- Torrid Holdings Inc. (NYSE: CURV) gained 22.3% to $5.07 after the company reported better-than-expected third-quarter financial results and issued FY23 revenue guidance above estimates.
- QuantaSing Group Limited (NASDAQ: QSG) surged 21.5% to $2.3201.
- Loop Media, Inc. (NASDAQ: LPTV) climbed 20.4% to $1.00.
- Volato Group, Inc. (NYSE: SOAR) rose 20.4% to $6.80.
- Virco Mfg. Corporation (NASDAQ: VIRC) jumped 18.2% to $8.28 following third-quarter results.
- MicroAlgo Inc. (NASDAQ: MLGO) rose 15% to $2.36.
- Bitfarms Ltd. (NASDAQ: BITF) gained 15% to $2.46
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