Why General Dynamics Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Sessio

Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results.

Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro.

General Dynamics shares declined 5.2% to $279.26 on Wednesday.

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

Gainers

NuZee, Inc. (NASDAQ:NUZE) jumped 192% to $3.01.
Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday.
Selina Hospitality PLC (NASDAQ:SLNA) surged 134% to $0.0609.
Bone Biologics Corporation (NASDAQ:BBLG) gained 86% to $2.3300.
Carbon Revolution Public Limited Company (NASDAQ:CREV) gained 74.5% to $10.82.
Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS) jumped 73.4% to $13.77 after the company announced that the company entered into a definitive merger agreement with Palvella Therapeutics.
Sangamo Therapeutics, Inc. (NASDAQ:SGMO) gained 50% to $0.60 after licensing partner Pfizer’s Phase 3 AFFINE trial evaluating giroctocogene fitelparvovec met its primary endpoint.
Alpha Teknova, Inc. (NASDAQ:TKNO) gained 28% to $3.2212.
KORE Group Holdings, Inc. (NASDAQ:KORE) gained 21.8% to $2.84.
NaaS Technology Inc. (NASDAQ:NAAS) rose 20.5% to $6.87 after reporting unaudited 2024 second quarter and first half financial results.
PROG Holdings, Inc. (NYSE:PRG) climbed 20.4% to $41.71 after the company reported better-than-expected second-quarter financial results. Also, the company raised its FY24 guidance above estimates.
QXO, Inc. (NASDAQ:QXO) gained 19.4% to $94.69. The company on Monday announced a private placement financing.
Silynxcom Ltd. (NYSE:SYNX) rose 18.4% to $3.71. Silynxcom received $815,000 in orders from Israel Defense Forces since July 2024.
NewGenIvf Group Limited (NASDAQ:NIVF) shares gained 16.4% to $1.0009 after the company announced steady progress in its due diligence efforts in its proposed reverse merger with COVIRIX Medical and anticipates completion by the end of August 2024.
Flex Ltd. (NASDAQ:FLEX) gained 10.9% to $32.96 after the company reported better-than-expected second-quarter financial results.
Manhattan Associates, Inc. (NASDAQ:MANH) climbed 10.5% to $249.78 after the company reported better-than-expected second-quarter financial results.
Group 1 Automotive, Inc. (NYSE:GPI) gained 9.6% to $333.95 after the company reported better-than-expected second-quarter adjusted EPS results.
Enphase Energy, Inc. (NASDAQ:ENPH) rose 9.2% to $113.18 after the company reported second-quarter financial results.
Allarity Therapeutics, Inc. (NASDAQ:ALLR) gained 8.7% to $0.1809. Allarity Therapeutics revealed on Monday it received a "Wells Notice" from the U.S. Securities and Exchange Commission (SEC).
Mattel, Inc. (NASDAQ:MAT) gained 7.9% to $18.61 after the company reported better-than-expected second-quarter adjusted EPS results.
Seagate Technology Holdings plc (NASDAQ:STX) shares surged 7.5% to $113.33 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.
Alkermes plc (NASDAQ:ALKS) gained 7% to $26.69 after the company reported better-than-expected second-quarter financial results.
Tenet Healthcare Corporation (NYSE:THC) gained 6.8% to $148.17 after the company reported better-than-expected second-quarter financial results and the company and raised its FY24 guidance above estimates. Also, the company announced it authorized a $1.5 billion share buyback.
AT&T Inc. (NYSE:T) gained 3.1% to $18.78 following second-quarter earnings.

Losers

Azitra, Inc. (NYSE:AZTR) shares dipped 74.4% to $1.27. Azitra announced the pricing of $10.0 million public offering.
Next Technology Holding Inc. (NASDAQ:NXTT) fell 58% to $2.42.
Bausch Health Companies Inc. (NYSE:BHC) dipped 43.8% to $4.25.
Nuwellis, Inc. (NASDAQ:NUWE) fell 37.2% to $2.6199 after the company announced the pricing of a $2 million public offering of 469,340 common shares at $4.24 a share.
Agape ATP Corporation (NASDAQ:ATPC) dipped 34.2% to $0.1414.
Lamb Weston Holdings, Inc. (NYSE:LW) declined 26.9% to $57.46 after the company reported worse-than-expected quarterly financial results. Also, the company issued its FY25 EPS guidance below estimates.
Conn’s, Inc. (NASDAQ:CONN) shares fell 26.7% to $0.3717 as the company announced plans to close 71 locations across 13 states.
Vintage Wine Estates, Inc. (NASDAQ:VWE) fell 24.5% to $0.0868 after the company announced bankruptcy filing and voluntary delisting and SEC deregistration.
Snow Lake Resources Ltd. (NASDAQ:LITM) declined 24.2% to $0.7350 after the company issued an update on Black Lake Uranium Project.
AtlasClear Holdings, Inc. (NASDAQ:ATCH) shares declined 23.8% to $0.4228 after gaining 11% on Tuesday.
Verastem, Inc. (NASDAQ:VSTM) shares fell 22.7% to $2.7750 after the company reported pricing of $55.0 million public offering of common stock, warrants and pre-funded warrants.
Sage Therapeutics, Inc. (NASDAQ:SAGE) dipped 17.8% to $10.75 after the Phase 2 KINETIC 2 study of SAGE-324 did not demonstrate a statistically significant dose-response relationship on the primary endpoint.
Hawaiian Holdings, Inc. (NASDAQ:HA) dipped 13% to $11.33.
SFL Corporation Ltd. (NYSE:SFL) shares fell 12.3% to $12.23 after the company announced an offering of 8 million common shares.
Tesla, Inc. (NASDAQ:TSLA) shares fell 12% to $216.78. Tesla reported weaker-than-expected earnings for its second quarter, while sales topped estimates. The company reported second-quarter deliveries of 443,956 vehicles and production of 410,831 vehicles, down 5% and 14% year-over-year, respectively.
Karooooo Ltd. (NASDAQ:KARO) dipped 11.3% to $31.90 as the company announced the launch of secondary public offering of ordinary shares.
Bausch + Lomb Corporation (NYSE:BLCO) fell 10.2% to $15.29.
Kanzhun Limited (NASDAQ:BZ) dipped 9.5% to $14.41.
Chijet Motor Company, Inc. (NASDAQ:CJET) fell 9.3% to $4.61 after jumping 55% on Tuesday.
Allegro MicroSystems, Inc. (NASDAQ:ALGM) dipped 9.1% to $25.14 after the company announced a primary offering of 25 million shares.
Geron Corporation (NASDAQ:GERN) shares declined 8.8% to $4.2150 after the company announced the departure of CCO Anil Kapur.
The Trade Desk, Inc. (NASDAQ:TTD) fell 8.4% to $92.45.
Roku, Inc. (NASDAQ:ROKU) fell 8.2% to $56.97.
Deutsche Bank Aktiengesellschaft (NYSE:DB) shares fell 8% to $15.69 following second-quarter earnings.
NANO Nuclear Energy Inc. (NASDAQ:NNE) declined 8% to $14.25.
Weatherford International plc (NASDAQ:WFRD) dipped 7.6% to $123.57 after the company reported worse-than-expected second-quarter financial results.
Roper Technologies, Inc. (NYSE:ROP) fell 7.4% to $532.08 after the company reported worse-than-expected second-quarter sales results and issued third-quarter adjusted EPS guidance below estimates.
Volato Group, Inc. (NYSE:SOAR) shares fell 7.1% to $0.5479 after gaining around 23% on Tuesday.
Fortive Corporation (NYSE:FTV) fell 6.9% to $71.36 after the company reported worse-than-expected second-quarter sales results and issued FY24 sales guidance below estimates.
Ulta Beauty, Inc. (NASDAQ:ULTA) fell 5.5% to $367.84 after Piper Sandler downgraded the stock from an Overweight to Neutral and lowered its price target from $494 to $404.
Alphabet Inc. (NASDAQ:GOOGL) shares declined 4.1% to $174.29. Alphabet reported upbeat earnings and sales results for its second quarter on Tuesday. The company also announced a cash dividend of 20 cents per share to be paid on Sept.16 to shareholders of record as of Sept. 9.
Visa Inc. (NYSE:V) shares fell 3.8% to $254.72 following third-quarter results.