FTNT - Why Container Store Group Shares Are Trading Lower By Around 23%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session | Benzinga
Shares of The Container Store Group, Inc. (NYSE: TCS) shares fell sharply during Wednesday’s session following weak quarterly results.
Container Store Group posted adjusted loss of 8 cents per share, compared to market expectations for a loss of 5 cents per share. The company’s quarterly sales came in at $214.90 million versus estimates of $220.72 million.
Container Store Group shares dipped 22.7% to $1.3150 on Wednesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- MicroCloud Hologram Inc. (NASDAQ: HOLO) shares jumped 400% to $7.51. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.
- SMX (Security Matters) Public Limited Company (NASDAQ: SMX) shares climbed 138% to $0.5528.
- Glatfelter Corporation (NYSE: GLT) climbed 68.8% to $2.1450 after the company and Berry Global announced they entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business with Glatfelter.
- MariaDB plc (NYSE: MRDB) gained 57% to $0.3782 after jumping more than 26% on Tuesday.
- ThermoGenesis Holdings, Inc. (NASDAQ: THMO) climbed 37.7% to $0.8101.
- Recon Technology, Ltd. (NASDAQ: RCON) rose 33.3% to $0.1934.
- Ault Alliance, Inc. (NYSE: AULT) surged 28.1% to $0.4549. Ault Alliance said it determined not to pursue new acquisitions during 2024, though it may continue to make strategic investments.
- Luokung Technology Corp. (NASDAQ: LKCO) gained 27.4% to $0.6269.
- MicroAlgo Inc. (NASDAQ: MLGO) rose 27% to $0.4939.
- Aviat Networks, Inc. (NASDAQ: AVNW) surged 23.7% to $37.20 after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.
- Jianpu Technology Inc. (NYSE: JT) gained 18.5% to $0.7584.
- Enphase Energy, Inc. (NASDAQ: ENPH) rose 17.7% to $118.36 after the company reported quarterly financial results.
- Sonos, Inc. ...