Why Travelers Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Shares of The Travelers Companies, Inc. TRV fell sharply during Wednesday’s session following first-quarter earnings.

Travelers reported a mixed first quarter, with earnings lagging analyst' expectations. Core income per share reached $4.69 from $4.11 a year ago, missing the $4.90 consensus forecast. Net income per share rose to $4.80 from $4.13 a year earlier.

Travelers shares dipped 8.1% to $205.03 on Wednesday.

Here are some other stocks moving in today's mid-day session.

Gainers

  • INVO Bioscience, Inc. INVO shares shot up 256% to $2.78 after the company reported a year-over-year increase in fourth-quarter revenue results and said it remains on track to reach its goal of reaching break-even or profitability within its current operations in 2024.
  • Edible Garden AG Incorporated EDBL gained 112% to $9.73 after the company reported preliminary first quarter FY24 results.
  • Sintx Technologies, Inc. SINT jumped 53% to $0.0350.
  • VIA optronics AG VIAO shares gained 50.4% to $0.3924 after dipping over 15% on Tuesday.
  • AERWINS Technologies Inc. AWIN jumped 42.2% to $4.70.
  • The Children's Place, Inc. PLCE climbed 35.5% to $9.64 after the company announced it entered into a new financing agreement with Mithaq Capital.
  • Vanda Pharmaceuticals Inc. VNDA gained 32% to $5.38 after the company announced that it submitted three proposals since February to acquire all of the outstanding shares of common stock of Vanda Pharmaceuticals and confirmed that its most recent proposal to acquire Vanda remains open for Vanda and its Board of Directors to consider.
  • EZGO Technologies Ltd. EZGO gained 28% to $2.20. EZGO entered into a strategic cooperation framework agreement with Woteam to jointly explore the Southeast Asian Market.
  • CXApp Inc. CXAI shares rose 25% to $4.89 after the company announced 24% ARR growth in 2023.
  • TRACON Pharmaceuticals, Inc. TCON rose 19.6% to $2.0461.
  • WiSA Technologies, Inc. WISA gained 19% to $7.32 on continued upward momentum after the company announced a 5-year WiSA E licensing agreement with an HDTV/PTV brand.
  • Viracta Therapeutics, Inc. VIRX climbed 19% to $0.8501. Oppenheimer analyst Hartaj Singh maintained Viracta Therapeutics with an Outperform and maintained a $13 price target.
  • Spectaire Holdings Inc. SPEC rose 17.5% to $0.94 after the company announced that it signed a distribution partnership agreement with a Fortune 1000 Energy Company.
  • Rani Therapeutics Holdings, Inc. RANI jumped 14.4% to $7.86.
  • Cullinan Therapeutics, Inc. CGEM gained 14% to $19.75. HC Wainwright & Co. analyst Edward White maintained Cullinan Oncology with a Buy and lowered the price target from $34 to $29.
  • United Airlines Holdings, Inc. UAL rose 11.2% to $46.12 after the company reported better-than-expected first-quarter financial results.
  • Chromocell Therapeutics Corporation CHRO gained 11.8% to $2.0356 after falling around 7% on Tuesday.
  • ALX Oncology Holdings Inc. ALXO rose 10.4% to $16.01.
  • AMC Entertainment Holdings, Inc. AMC gained 7.5% to $2.9250, bouncing back from the selling pressure the stock has faced in recent week.
  • Interactive Brokers Group, Inc. IBKR rose 5.2% to $112.93 following upbeat quarterly earnings.

Losers

  • ICZOOM Group Inc. IZM shares dipped 87.8% to $6.19.
  • Sunshine Biopharma, Inc. SBFM fell 47% to $3.5879.
  • Trio Petroleum Corp. TPET fell 35.8% to $0.3144 after dipping over 22% on Tuesday.
  • Longeveron Inc. LGVN dipped 31% to $2.43 after the company announced the exercise of warrants for $6.2 million in gross proceeds.
  • iSun, Inc. ISUN declined 27% to $0.1556.
  • China SXT Pharmaceuticals, Inc. SXTC fell 25.7% to $1.2001. China SXT Pharmaceuticals shares jumped 38% on Tuesday following a post on X from trader Zack Morris mentioning the stock.
  • Portage Biotech Inc. PRTG fell 25.3% to $0.21. The company recently announced that it is expanding its evaluation of strategic alternatives and implementing additional measures to extend its available cash runway.
  • Trilogy Metals Inc. TMQ shares fell 23.2% to $0.3865.
  • HUB Cyber Security Ltd. HUBC dipped 22.6% to $1.44.
  • Destiny Tech100 Inc. DXYZ fell 22% to $33.83 after gaining around 18% on Tuesday.
  • Finch Therapeutics Group, Inc. FNCH dipped 21.9% to $2.42.
  • Sage Therapeutics, Inc. SAGE shares fell 20.8% to $12.37. The company announced topline results from Phase 2 PRECEDENT study of dalzanemdor for the treatment of people with mild cognitive impairment in Parkinson's Disease.
  • Ontrak, Inc. OTRK fell 20.3% to $0.3666 after the company reported worse-than-expected quarterly financial results.
  • SolarMax Technology, Inc. SMXT dipped 20% to $9.72 following fiscal year 2023 results.
  • Dragonfly Energy Holdings Corp. DFLI declined 15.8% to $0.5199. Dragonfly Energy shares jumped over 36% on Tuesday after the company reported better-than-expected fourth-quarter EPS results.
  • Montrose Environmental Group, Inc. MEG fell 13.3% to $36.37 after announcing a public offering of 3 million shares.
  • Dynatronics Corporation DYNT fell 12.2% to $0.50 after gaining around 48% on Tuesday.
  • VinFast Auto Ltd. VFS fell 12% to $2.70 following first-quarter earnings.
  • Adaptive Biotechnologies Corporation ADPT declined 9.3% to $2.4950.
  • SNDL Inc. SNDL fell 9.3% to $1.7950.
  • Arm Holdings plc ARM fell 9.3% to $110.65.
  • J B Hunt Transport Services Inc JBHT shares fell 9.2% to $166.25 after the company missed first-quarter revenue and EPS estimates.
  • MicroStrategy Incorporated MSTR dipped 8.8% to $1,143.81. MicroStrategy is expected to report its financial results for the first quarter of 2024 after the closing bell on April 29, 2024.
  • Forward Air Corporation FWRD fell 8.3% to $23.13.
  • Autodesk, Inc. ADSK fell 7.1% to $211.97 after the company announced that it will not file its Annual Report on Form 10-K for the year ended Jan. 31, 2024 within the 15-day extension period. The company provided an update on the previously reported internal investigation that is currently being conducted by the Audit Committee.
  • ASML Holding N.V. ASML shares declined 7.2% to $907.11 after the company reported worse-than-expected first-quarter results and issued second-quarter guidance.

 

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