Shares of IPG Photonics Corporation (NASDAQ: IPGP) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued soft first-quarter guidance.
IPG Photonics posted GAAP earnings of 89 cents per share, versus market estimates of 95 cents per share. The company’s quarterly sales came in at $298.90 million versus expectations of $286.12 million.
IPG Photonics shares dipped 11.2% to $92.06 on Tuesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Ohmyhome Limited (NASDAQ: OMH) shares climbed 300% to $4.80.
- BioNexus Gene Lab Corp. (NASDAQ: BGLC) got a boost, surging 270% to $1.52.
- Digital Brands Group, Inc. (NASDAQ: DBGI) shares jumped 168% to $7.69. Digital Brands reaffirmed its 2024 guidance revenue of $27 million to $30 million and commited to no equity offerings for 2024.
- ARB IOT Group Limited (NASDAQ: ARBB) climbed 101.8% to $3.0868 after gaining over 23% on Monday.
- Beamr Imaging Ltd. (NASDAQ: BMR) gained 100.7% to $19.97. Beamr Imaging priced $12 million public offering of 1,714,200 ordinary shares at $7 per share.
- Farmmi, Inc. (NASDAQ: FAMI) climbed 57.6% to $1.97 after surging around 10% on Monday.
- Whole Earth Brands, Inc. (NASDAQ: FREE) rose 35.3% to $4.75. Whole Earth Brands signed a definitive agreement to be acquired by affiliates of Sababa Holdings FREE, LLC for $4.875 per share in an all-cash transaction.
- VCI Global Limited (NASDAQ: VCIG) gained 27% to $1.35.
- Larimar Therapeutics, Inc. (NASDAQ: LRMR) climbed 25.4% to $9.82. JMP Securities analyst Jonathan Wolleben maintained Larimar Therapeutics with a Market Outperform and raised the price target from $17 to $25.
- Jin Medical International Ltd. (NASDAQ: ZJYL) gained 22.4% to $10.17.
- Tripadvisor, Inc. (NASDAQ: TRIP) shares rose 18.5% to $26.50 after the company announced it formed a Special Committee of independent members of its board of directors to evaluate proposals.
- LianBio (NASDAQ: LIAN) gained 17.8% to $4.76. LianBio completed strategic review and determined to initiate the wind down of its operations, including sale of remaining pipeline assets, delisting of ADSs and workforce reductions.
- Verde Clean Fuels, Inc. (NASDAQ: VGAS) gained 17.8% to $3.2997. Verde Clean Fuels, Inc. and Diamondback Energy subsidiary Cottonmouth Ventures LLC announced joint development agreement for a proposed natural gas-to-gasoline facility in Permian Basin.
- JetBlue Airways Corporation (NASDAQ: JBLU) shares surged 13.5% to $6.89 after Carl Icahn disclosed a ...
