Why Upstart Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Shares of Upstart Holdings, Inc. 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. 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. ISUN gained 49% to $0.1966.
  • NewGenIvf Group Limited NIVF jumped 36.4% to $1.48.
  • Tivic Health Systems, Inc. TIVC rose 34% to $1.4099.
  • Innodata Inc. INOD shares gained 31.5% to $8.86 after the company reported a year-over-year increase in first-quarter financial results.
  • Cricut, Inc. CRCT gained 31% to $7.25 after the company reported better-than-expected first-quarter GAAP EPS results.
  • MaxCyte, Inc. MXCT rose 27.6% to $5.01 following upbeat quarterly results.
  • Ameresco, Inc. AMRC gained 27.6% to $28.47 following strong quarterly results.
  • Davis Commodities Limited DTCK rose 26.8% to $1.5580
  • Elanco Animal Health Incorporated ELAN surged 26.5% to $17.11 following strong quarterly earnings.
  • American Public Education, Inc. APEI rose 23.3% to $18.71 following upbeat quarterly results.
  • Globus Medical, Inc. 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. KD jumped 21.6% to $25.25 after the company reported better-than-expected fourth-quarter financial results.
  • PowerSchool Holdings, Inc. PWSC gained 21.2% to $20.17 following a report suggesting Bain is pursuing a takeover of the company.
  • Myriad Genetics, Inc. MYGN rose 21.1% to $24.02 following better-than-expected first-quarter earnings.
  • Arko Corp. ARKO gained 20.3% to $5.15 following first-quarter earnings.
  • Latham Group, Inc. SWIM gained 19% to $3.5609 following strong first-quarter earnings.
  • Hyster-Yale Materials Handling, Inc. HY surged 18.2% to $69.74 following UPBEAT first-quarter earnings.
  • Alpha and Omega Semiconductor Limited AOSL jumped 17.7% to $26.22 after reporting strong quarterly results.
  • Neo-Concept International Group Holdings Limited NCI gained 17.2% to $1.1529 after declining over 6% on Tuesday.
  • Oddity Tech Ltd. ODD gained 15.8% to $36.19 after the company reported better-than-expected first-quarter financial results and issued FY24 EPS guidance above estimates.
  • Dutch Bros Inc. BROS climbed 15.5% to $32.82 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance.
  • Louisiana-Pacific Corporation LPX gained 15% to $83.93 following better-than-expected first-quarter financial results.
  • RingCentral, Inc. RNG rose 14.8% to $34.42 after the company reported better-than-expected first-quarter financial results and raised its FY24 guidance.
  • Luminar Technologies, Inc. LAZR rose 14.5% to $1.89 as the company posted a narrower-than-expected quarterly loss.
  • Toast, Inc. TOST gained 14.2% to $27.09 after the company reported better-than-expected quarterly sales results.
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. HASI gained 13.9% to $29.84 following upbeat earnings.
  • Teva Pharmaceutical Industries Limited TEVA rose 13% to $15.75 after the company reported mixed first quarter financial results.
  • Repare Therapeutics Inc. RPTX gained 11.7% to $3.6650 after the company posted better-than-expected results for its first quarter.
  • Vistra Corp. VST gained 10.1% to $90.01 after the company reported first quarter financial results.
  • Cirrus Logic, Inc. CRUS jumped 9.6% to $99.93 as the company posted better-than-expected results for its fourth quarter.
  • Clover Health Investments, Corp. CLOV shares gained 9.5% to $0.81 after the company reported better than expected first-quarter financial results.
  • Lyft, Inc. LYFT gained 8.8% to $18.08 following better-than-expected first-quarter results.
  • Veeco Instruments Inc. VECO rose 6.9% to $40.08 following upbeat results.

Losers

  • Treace Medical Concepts, Inc.. TMCI shares dipped 60.8% to $4.3650 after the company reported first-quarter financial results and issued FY24 revenue guidance below estimates.
  • DoubleVerify Holdings, Inc. DV fell 38.5% to $18.79 after the company reported first-quarter financial results.
  • Inspire Medical Systems, Inc. INSP fell 34.3% to $161.35 following first-quarter results.
  • Definitive Healthcare Corp. DH dipped 32.2% to $4.9150 after the company reported worse-than-expected first-quarter sales results.
  • Seres Therapeutics, Inc. MCRB fell 31.1% to $0.7653 following quarterly results.
  • Tripadvisor, Inc. TRIP fell 28.4% to $18.24 after Liberty Tripadvisor and the Special Committee ceased discussions with third parties with respect to a potential transaction.
  • ZoomInfo Technologies Inc. ZI shares fell 25.2% to $11.98 after the company reported first-quarter financial results and issued second-quarter guidance below estimates.
  • LegalZoom.com, Inc. LZ dipped 23.3% to $9.35 after the company reported worse-than-expected first-quarter financial results and issued second-quarter revenue guidance below estimates.
  • Semler Scientific, Inc. SMLR fell 22.7% to $21.78 after the company reported worse-than-expected first-quarter financial results.
  • Grocery Outlet Holding Corp. GO dipped 22.2% to $20.17 after the company reported worse-than-expected first-quarter adjusted EPS results.
  • Flywire Corporation FLYW shares declined 21.7% to $16.08 after the company reported worse-than-expected first-quarter EPS results and issued second-quarter revenue guidance below estimates.
  • SIGA Technologies, Inc. SIGA dipped 20.6% to $8.31 following first-quarter results.
  • Shopify Inc. SHOP fell 19.8% to $61.76 following first-quarter earnings..
  • Rapid7, Inc. RPD dipped 18.6% to $37.26 following first-quarter earnings..
  • Acutus Medical, Inc. AFIB fell 17.1% to $0.1020 after jumping 15% on Tuesday. Nasdaq, last week, notified the company that it has not regained compliance with listing rule 5550(a)(2).
  • Shoals Technologies Group, Inc SHLS shares fell 14.1% to $7.56 after the company reported worse-than-expected first-quarter sales results.
  • Masimo Corporation MASI fell 13.8% to $117.23 following first-quarter earnings. The company’s second-quarter guidance midpoint was below consensus estimates.
  • EchoStar Corporation SATS dipped 13.6% to $14.99 following worse-than-expected first-quarter financial results.
  • STAAR Surgical Company STAA dipped 11.8% to $41.10 following quarterly results.
  • Volcon, Inc. VLCN shares declined 11.8% to $0.26 after the company reported a year-over-year decrease in first-quarter sales results.
  • Qualys, Inc. QLYS fell 10.1% to $149.21 after the company reported first-quarter earnings and issued second-quarter revenue guidance below estimates.
  • Affirm Holdings, Inc. AFRM fell 9.1% to $31.74 following third-quarter earnings.
  • Uber Technologies, Inc. UBER dipped 8.6% to $64.40. Uber posted weaker-than-expected fiscal first-quarter financial results.
  • Coupang, Inc. CPNG fell 7.8% to $21.78 after the company reported mixed first-quarter financial results.
  • Astera Labs, Inc. ALAB shares declined 6.3% to $71.37 following first-quarter results.
  • Centrus Energy Corp. LEU shares declined 6.2% to $41.56 following first-quarter results.
  • A-Mark Precious Metals Inc AMRK shares fell 5.5% to $38.14 following fiscal third quarter 2024 results.
  • Twilio Inc. TWLO shares fell 5.5% to $59.86 following first-quarter results.
  • OPKO Health, Inc. OPK shares fell 5.4% to $1.23 after the company reported worse-than-expected first-quarter financial results.

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