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 ...
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