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

Shares of Diodes Incorporated DIOD fell sharply during Friday's session after the company reported worse-than-expected quarterly financial results.

Diodes posted adjusted earnings of 28 cents per share, missing market estimates of 31 cents per share. The company's quarterly sales came in at $301.97 million missing expectations of $305.01 million, according to data from Benzinga Pro.

Diodes shares dipped 9.8% to $68.99 on Friday.

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

Gainers

• Novavax, Inc. NVAX shares jumped 139% to $10.73 after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.
• iTeos Therapeutics, Inc. ITOS gained 40% to $17.06 after the company announced a $120 million registered direct offering and reported Q1 financial results.
• AEye, Inc. LIDR shares climbed 39.8% to $1.65 after the company disclosed a partnership with LITEON Technology Corporation.
• Sweetgreen, Inc. SG shares climbed 39.4% to $32.86 after the company reported better-than-expected first-quarter sales results.
• Ouster, Inc. OUST gained 34.3% to $13.90 after the company reported better-than-expected first-quarter financial results.
• Organogenesis Holdings Inc. ORGO rose 32% to $3.02 following upbeat quarterly results.
• Inseego Corp. INSG gained 31.4% to $5.05 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.
• CareDx, Inc CDNA surged 26.3% to $13.99 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.
• Sensus Healthcare, Inc. SRTS shares rose 22.5% to $4.6699 after the company reported better-than-expected first-quarter financial results.
• Groupon, Inc. GRPN gained 22.3% to $12.85 after the company reported better-than-expected first-quarter results.
• Standard Lithium Ltd. SLI jumped 21.8% to $1.90 after the company reported better-than-expected quarterly GAAP EPS results.
• ADMA Biologics, Inc. ADMA rose 21% to $8.39 after the company reported better-than-expected first-quarter financial results and issued strong revenue guidance.
• SoundHound AI, Inc. SOUN shares gained 19.3% to $5.66 in pre-market trading after the company reported better-than-expected first quarter financial results.
• American Coastal Insurance Corporation ACIC rose 17.2% to $12.79 after the company reported better-than-expected first quarter financial results. The company announced the sale of 100% of its issued and outstanding stock of Interboro Insurance Company to Forza Insurance Holdings.
• Global Gas Corporation HGAS rose 15.3% to $1.28.
• Gen Digital Inc. GEN gained 15% to $23.42 after the company reported better-than-expected quarterly earnings and authorized a $3 billion share repurchase program.
• Mettler-Toledo International Inc. MTD gained 14.6% to $1,478.49 after the company reported better-than-expected first-quarter financial results and issued guidance.
• SkyWater Technology, Inc. SKYT rose 14.4% to $7.61.
• Clean Energy Fuels Corp. CLNE climbed 13.6% to $2.74 following upbeat quarterly results.
• Natural Grocers by Vitamin Cottage, Inc. NGVC gained 13.2% to $20.19 following second-quarter results.
• Natera, Inc. NTRA rose 11.3% to $106.36 following strong first-quarter earnings.
• NuScale Power Corporation SMR jumped 11% to $6.50 following first-quarter results.
• Integral Ad Science Holding Corp. IAS gained 8.8% to $9.12 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.
• Dutch Bros Inc. BROS jumped 8.7% to $35.68 after TD Cowen upgraded the stock from Hold to Buy and raised its price target from $33 to $46.
• Funko Inc FNKO gained 7% to $7.30 as the company reported better-than-expected first-quarter earnings and issued strong earnings forecast for the second quarter. The company also appointed Cynthia Williams as its Chief Executive Officer, effective May 20.
• Genpact Limited G gained 6.8% to $34.26 after the company reported better-than-expected first-quarter financial results and raised its FY24 EPS range.
• Array Technologies, Inc. ARRY shares rose 3.5% to $12.94 after the company reported stronger-than-expected financial results for the first quarter on Thursday.

Losers

• MacroGenics, Inc. MGNX shares fell 73.4% to $3.9089 after the company reported worse-than-expected first-quarter financial results.
• Greenwave Technology Solutions, Inc. GWAV fell 37.2% to $0.0439 after jumping 20% on Thursday.
• Flux Power Holdings, Inc. FLUX dipped 35.8% to $2.9350 after the company reported worse-than-expected quarterly financial results.
• Antelope Enterprise Holdings Limited AEHL fell 29.3% to $1.30 after the company announced second half and full year 2023 financial results.
• Evolv Technologies Holdings, Inc. EVLV fell 29.2% to $2.7290 after the company reported worse-than-expected first-quarter financial results and lowered its FY24 sales guidance below estimates.
• Revance Therapeutics, Inc. RVNC fell 27% to $3.0950 as the company posted a loss for its first quarter on Thursday.
• Biofrontera Inc. BFRI fell 26.6% to $1.16.
• American Vanguard Corporation AVD dipped 22.2% to $9.84 following weak quarterly results.
• UTime Limited WTO dipped 22% to $0.25.
• The Beauty Health Company SKIN fell 22% to $2.80 following quarterly results.
• MicroVision, Inc. MVIS shares fell 21.6% to $1.27 after the company reported worse-than-expected first-quarter GAAP EPS results.
• Progyny, Inc. PGNY shares fell 21.5% to $25.51 after the company reported worse-than-expected first-quarter sales results and issued FY24 sales guidance below estimates.
• Pineapple Energy Inc. PEGY shares declined 20.7% to $0.0579 after the company reported worse-than-expected first quarter financial results.
• The E.W. Scripps Company SSP dipped 19.7% to $3.71 following quarterly results.
• CS Disco, Inc. LAW fell 19.6% to $6.50 following weak sales.
• Safe and Green Development Corporation SGD shares fell 18.4% to $0.6937 after jumping around 37% on Thursday.
• Docebo Inc. DCBO fell 18.2% to $37.99.
• JFrog Ltd. FROG shares fell 17.7% to $33.43 after the company reported first quarter financial results.
• Ginkgo Bioworks Holdings, Inc. DNA shares fell 17.3% to $0.7606 after the company reported worse-than-expected first-quarter sales results.
• Iovance Biotherapeutics, Inc. IOVA fell 15.6% to $11.35 following first-quarter financial results.
• Gritstone bio, Inc. GRTS shares declined 14.4% to $0.8320 after the company reported worse-than-expected first quarter GAAP EPS results.
• Navitas Semiconductor Corporation NVTS shares fell 12.8% to $4.0850 after the company reported worse-than-expected first-quarter adjusted EPS results.
• Forward Air Corporation FWRD declined 12.2% to $14.72.
• Arrowhead Pharmaceuticals, Inc. ARWR fell 11.1% to $21.97 after the company reported second-quarter financial results.
• AMN Healthcare Services, Inc. AMN fell 9.5% to $55.08 following first-quarter results.
• Evolent Health, Inc. EVH fell 8.4% to $24.69 after the company reported first-quarter financial results.
• Akamai Technologies, Inc. AKAM fell 8.1% to $94.16 after the company issued weak guidance.
• Fluence Energy, Inc. FLNC declined 7.8% to $17.28 following second-quarter financial results.
• Aurora Innovation, Inc. AUR dipped 7.4% to $3.3399.
• MoonLake Immunotherapeutics MLTX fell 7% to $39.02.
• Affirm Holdings, Inc. AFRM fell 5% to $33.13. BMO Capital analyst James Fotheringham maintained Affirm with a Market Perform and lowered the price target from $48 to $46.
• Runway Growth Finance Corp. RWAY shares fell 4.1% to $11.61 as the company priced its secondary offering of 3.75 million common stock by selling stockholder at $11.50 per share.
• Yelp Inc. YELP shares declined 3.6% to $38.20 after the company reported a first-quarter revenue miss.

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