XRX - Why Nucor Shares Are Trading Lower? Here Are Other Stocks Moving In Tuesday's Mid-Day Session | Benzinga
Shares of Nucor Corporation (NYSE:NUE) fell sharply during Tuesday's session after the company reported worse-than-expected quarterly financial results.
Nucor reported quarterly earnings of $3.46 per share which missed the analyst consensus estimate of $3.65. Quarterly sales came in at $8.14 billion, missing the analyst consensus estimate of $8.26 billion, according to data from Benzinga Pro.
Nucor shares tumbled 6.5% to $179.20 on Tuesday.
Here are some other stocks moving in today’s mid-day session.
Gainers
- Cyngn Inc. (NASDAQ:CYN) shares jumped 100% to $0.2419 after the company announced that it has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere’s operation in Dubuque, Iowa.
- Pineapple Energy Inc. (NASDAQ:PEGY) shares climbed 50.4% to $0.0689 after falling 10% on Monday.
- Oportun Financial Corporation (NASDAQ:OPRT) gained 46% to $3.29 after the company announced preliminary first-quarter total revenue above estimates.
- Palisade Bio, Inc. (NASDAQ:PALI) shares climbed 44.3% to $7.12 after the company entered a collaboration with Strand Life Sciences.
- KULR Technology Group, Inc. (NASDAQ:KULR) gained 27% to $0.5683 after the company announced it delivered on an immediate basis, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine.
- Smart for Life, Inc. (NASDAQ:SMFL) climbed 20% to $5.22.
- HWH International Inc. (NASDAQ:HWH) rose 19.5% to $1.5307 after declining 3% on Monday.
- SolarMax Technology, Inc. (NASDAQ:SMXT) gained 18.7% to $9.49.
- Hibbett, Inc. (NASDAQ:HIBB) rose 18.4% to $85.85 after the company agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, in a $1.1 billion transaction.
- SES AI Corporation (NYSE:SES) gained 17.4% to $1.3499.
- SolarMax Technology, Inc. (NASDAQ:SMXT) rose 15.5% to $9.24.
- FuelCell Energy, Inc. (NASDAQ:FCEL) gained 15.5% to ...