ZI - Why Upstart Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session | Benzinga
Shares of Upstart Holdings, Inc. (NASDAQ:UPST) fell sharply during Wednesday's session after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates.
Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro.
Upstart expects second-quarter revenue of approximately $125 million versus estimates of $140.83 million. The company anticipates a second-quarter adjusted EBITDA loss of approximately $25 million.
Upstart shares dipped 10.3% to $21.96 on Wednesday.
Here are some other stocks moving in today’s mid-day session.
Gainers
- Reborn Coffee, Inc. (NASDAQ:REBN) shares jumped 132.9% to $4.0297 after the company announced a significant expansion into the China market through a strategic Master License Agreement with IAID Co.
- iSun, Inc. (NASDAQ:ISUN) gained 49% to $0.1966.
- NewGenIvf Group Limited (NASDAQ:NIVF) jumped 36.4% to $1.48.
- Tivic Health Systems, Inc. (NASDAQ:TIVC) rose 34% to $1.4099.
- Innodata Inc. (NASDAQ:INOD) shares gained 31.5% to $8.86 after the company reported a year-over-year increase in first-quarter financial results.
- Cricut, Inc. (NASDAQ:CRCT) gained 31% to $7.25 after the company reported better-than-expected first-quarter GAAP EPS results.
- MaxCyte, Inc. (NASDAQ:MXCT) rose 27.6% to $5.01 following upbeat quarterly results.
- Ameresco, Inc. (NASDAQ:AMRC) gained 27.6% to $28.47 following strong quarterly results.
- Davis Commodities Limited (NASDAQ:DTCK) rose 26.8% to $1.5580
- Elanco Animal Health Incorporated (NYSE:ELAN) surged 26.5% to $17.11 following strong quarterly earnings.
- American Public Education, Inc. (NASDAQ:APEI) rose 23.3% to $18.71 following upbeat quarterly results.
- Globus Medical, Inc. (NYSE:GMED) gained 23.3% to $63.35 after the company reported better-than-expected first-quarter financial results and raised its FY24 guidance.
- Kyndryl Holdings, Inc. (NYSE:KD) jumped 21.6% to $25.25 after the company reported better-than-expected fourth-quarter financial results.
- PowerSchool Holdings, Inc. (NYSE:PWSC) gained 21.2% to $20.17 following a report suggesting Bain is pursuing a takeover of the company.
- Myriad Genetics, Inc. (NASDAQ:MYGN) rose 21.1% to $24.02 following better-than-expected first-quarter earnings.
- Arko Corp. (NYSE:ARKO) gained 20.3% to $5.15 following first-quarter earnings.
- Latham Group, Inc. (NASDAQ:SWIM) gained 19% to $3.5609 following strong first-quarter earnings.
- Hyster-Yale Materials Handling, Inc. (NYSE:HY) surged 18.2% to $69.74 ...