KRON - Why NetEase Shares Are Trading Lower? Here Are Other Stocks Moving In Friday's Mid-Day Session | Benzinga
Shares of NetEase, Inc. (NASDAQ:NTES) fell during Friday's session after the company reported worse-than-expected first-quarter revenue.
NetEase reported fiscal first-quarter 2024 revenue growth of 7.2% year-on-year to $3.72 billion (26.9 billion Chinese yuan), missing the analyst consensus estimate of $3.79 billion. The Chinese gaming player’s adjusted EPADS of $1.81 beat the analyst consensus estimate of $1.79, according to data from Benzinga Pro.
NetEase shares declined 4% to $91.02 on Friday.
Here are some other stocks moving in today’s mid-day session.
Gainers
- Akanda Corp. (NASDAQ:AKAN) shares climbed 101% to $4.81. The international medical cannabis company implemented a 1-for-40 reverse stock split on its ordinary shares effective May 23, 2024, according to a recent exchange filing.
- OneMedNet Corporation (NASDAQ:ONMD) gained 75.2% to $2.58. OneMedNet shares jumped 208% on Thursday after the company highlighted a ‘five-fold expansion’ of its iRWD network and platform.
- Innovative Eyewear, Inc. (NASDAQ:LUCY) jumped 66% to $0.3096.
- Netcapital Inc. (NASDAQ:NCPL) rose 62.7% to $0.2846 after jumping 15% on Thursday.
- Better Choice Company Inc. (NYSE:BTTR) shares gained 44.4% to $5.94.
- SCWorx Corp. (NASDAQ:WORX) jumped 36% to $2.66.
- Smart for Life, Inc. (NASDAQ:SMFL) gained 31% to $3.62.
- Innovative Solutions and Support, Inc. (NASDAQ:ISSC) jumped 30.3% to $6.50.
- Merus N.V. (NASDAQ:MRUS) gained 30% to $57.26 after the company announced the publication of an abstract regarding petosemtamab in combination with pembrolizumab on the 2024 ASCO Annual Meeting website.
- Alset Inc. (NASDAQ:AEI) gained 25% to $0.66.
- Blue Star Foods Corp. (NASDAQ:BSFC) shares gained 23% to $3.0886. The company, earlier during the week, reported first-quarter financial results.
- iPower Inc. (NASDAQ:IPW) gained 21% to $1.8040
- Cue Health Inc. (NASDAQ:HLTH) gained 21% ...