Tredegar Stock (NYSE:TG), Trade Ideas

Tredegar

Tredegar Corp through its subsidiaries engaged in the manufacture of Polyethylene Plastic films, Polyester Films, and Aluminum Extrusions. Polyethylene Plastic films manufacture plastic films, elastics and laminate materials which are utilized in personal care materials, surface protection films, and specialty and optical lighting applications. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. Aluminum Extrusions generates the majority of revenue and produces high-quality, soft-alloy, and medium-strength aluminum use for building and construction, automotive, consumer durables, machinery and equipment, electrical, and distribution markets. It generates revenue from the United States, Asia, and Brazil.

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As of April 3, 2024, five stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 5 Materials Stocks That May Implode In April

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Top Stories for March 15, 2024: 1. Cleveland-Cliffs CEO considering lower bid for U.S. Steel backed by union, while Tredegar Corporation reports financial losses in fourth quarter. 2. Radius Recycling shares preliminary results for fiscal second quarter of 2024.

Cleveland-Cliffs Considers Bid For US Steel; Tredegar And Radius Recycling Report Financial Results And More: Friday&#39;s Top Mining Stories

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GRPN

HCMA

IMRX

JTAI

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LSDI

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XELB

Shares of  Jabil Inc. (NYSE: JBL) fell sharply during Friday’s session after the company reported financial second-quarter results and issued FY25 guidance below estimates.

Why Jabil Shares Are Trading Lower By Over 14%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

Tredegar Corp

Target Global Acquisition I Corp. - Class A Ordinary Share

Target Global Acquisition I Corp

Target Global Acquisition I Corp. - Warrant

TAIGA BLDG PRODS LTD ORD by Taiga Building Products Ltd.

Taiga Building Products Ltd

Transphorm Inc

TOWNGAS CHINA CO LTD ORD by Towngas China Co Ltd.

Towngas Smart Energy Co Ltd

Taseko Mines Ltd

TAIWAN CEMENT CORP ORD by Taiwan Cement Corp.

Taiwan Cement Corp

Tego Cyber Inc

TONGDAO LIEPIN GROUP by TONGDAO LIEPIN GROUP

Tongdao Liepin Group

Tecogen Inc

TRANS GLOBAL GROUP INC by Trans Global Group, Inc.

Trans Global Group Inc

Toggle3D.ai

TARUGA MINERALS LTD by TARUGA MINERALS LTD.

Taruga Minerals Ltd

TEXTAINER GROUP HOLDINGS LTD ORD

TOUCHPOINT GRP HLDGS INC by Touchpoint Group Holdings, Inc.

Touchpoint Group Holdings Inc

TORNADO GLOBAL HYDROVACS by Tornado Global Hydrovacs Ltd.

Tornado Global Hydrovacs Ltd

Triumph Group Inc

TRIAD GUARANTY INC by Triad Guaranty Inc.

Triad Guaranty Inc

Triumph Group Inc Warrants (19/12/2023)

Tidal ETF Trust SoFi Weekly Income ETF

1933 Industries Inc

TUNG HO STEEL CP 144A by Tung Ho Steel Enterprise Corp.

Tung Ho Steel Enterprise Corp

TONGKAH HARBOUR S/ADR by Tongkah Harbour Public Company Ltd.

Tongkah Harbour PCL

Treasure Global Inc

Renegade Gold Inc

Theglobe.com Inc

ETF Opportunities Trust LAFFER TENGLER Equity Income ETF

Tecnoglass Inc

GCDI SA

TOP GLOVE CORP BHD S/ADR by Top Glove Corp.

Top Glove Corp Bhd

TG Metals Ltd

THETA GOLD MINES LTD by Theta Gold Mines Limited

Theta Gold Mines Ltd

TROY GOLD & MINERAL CORP by Troy Gold & Mineral Corp.

Troy Gold & Mineral Corp

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Trigano SA

Totaligent Inc

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TETRAGON FINCL GROUP ORD by Tetragon Financial Group

3i Group PLC

TOYODA GOSEI CO LTD ORD by Toyoda Gosei Co., Ltd,

Toyoda Gosei Co Ltd

TOYODA GOSEI CO UNSP/ADR by Toyoda Gosei Co., Ltd,

TOGETHER PHARMA LTD by TOGETHER PHARMA LTD.

Together Pharma Ltd

TIRUPATI GRAPHITE PLC by Tirupati Graphite PLC

Tirupati Graphite PLC

TONG REN TANG TECHS by Tong Ren Tang Technologies

Tong Ren Tang Technologies Co Ltd

TIGER OIL AND ENERGY INC by Tiger Oil and Energy, Inc.

Tiger Oil and Energy Inc

Nanopharmaceutics Inc

Tiger Reef Inc

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Growth ETF

TIAN GE INTERACTIVE HLDGS by Tian Ge Interactive Holdings Ltd.

Tian Ge Interactive Holdings Ltd

T. Rowe Price Growth Stock ETF

Transportadora de Gas del Sur SA TGS Common Stock

Transportadora de Gas del Sur SA

TGS ASA

THE GOOD SHROOM CO INC by THE GOOD SHROOM CO INC

The Good Shroom Co Inc

TGS INTL LTD by TGS International, Ltd.

Target Corp

TARGETED MICRO SOL ORD by Targeted Microwave Solutions Inc.

Targeted Microwave Solutions Inc

TG Therapeutics Inc

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TG Venture Acquisition Corp Warrants (15/08/2028)

TGC VENTURES INTL INC by TGC Ventures International, Inc.

Tryg A/S

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USAP

Lawmakers Push For Probe On Unfair Trade In Aluminum Extrusions

As of April 3, 2024, five stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Arq, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arq#NASDAQ">ARQ</a>)</h3>
<ul>
<li>On March 12, Arq reported better-than-expected fourth-quarter financial results. &quot;We capped off 2023 with strong momentum and are very pleased with the steps we have taken and continue to take to further improve our foundational PAC business,&quot; said Robert Rasmus, CEO of Arq. The company&rsquo;s stock gained around 99% over the past month and has a <a href="https://www.benzinga.com/quote/ARQ">52-week high of $7.26 </a>.</li>
<li>RSI Value: 80.19</li>
<li>ARQ Price Action: Shares of Arq gained 7.8% to close at $7.04 on Tuesday.</li>
</ul>
<h3>Alcoa Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aa#NYSE">AA</a>)</h3>
<ul>
<li>On March 11, Alcoa inked a binding Scheme Implementation Deed to acquire Alumina Limited in an all-scrip, or all-stock, transaction. William F. Oplinger, Alcoa&rsquo;s President and CEO, said, &ldquo;Entering into the Scheme Implementation Deed to acquire Alumina Limited is a milestone on our path to deliver value for both Alcoa and Alumina shareholders.&rdquo; The company&rsquo;s stock gained around 30% over the past month and <a href="https://www.benzinga.com/quote/AA"> has a 52-week high </a> of $42.23.</li>
<li>RSI Value: 77.99</li>
<li>AA Price Action: Shares of Alcoa gained 4.8% to close at $35.64 on Tuesday.</li>
</ul>
<h3>Harmony Gold Mining Company Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmy#NYSE">HMY</a>)</h3>
<ul>
<li>On Jan. 25, Harmony Gold Mining announced that it remains on track to meet the higher end of its full-year production guidance. The company&rsquo;s stock gained around 24% over the past month and has a <a href="https://www.benzinga.com/quote/HMY"> 52-week high </a> of $8.61.</li>
<li>RSI Value: 76.73</li>
<li>HMY Price Action: Shares of Harmony Gold Mining gained 4% to close at $8.41 on Tuesday.</li>
</ul>
<h3>Tredegar Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tg#NYSE">TG</a>)</h3>
<ul>
<li>On March 15, Tredegar posted a loss for the fourth quarter. John Steitz, Tredegar&rsquo;s president and chief executive officer, said, &quot;Results for the fourth quarter were better than expected and improved compared with the third quarter of 2023. There are signs that the downturn at Bonnell, which we believe is a residual impact of the pandemic and started in the second half of 2022, has hit bottom and that a recovery is underway.&quot; The company&rsquo;s stock jumped around 57% over the past month and has a 52-week high is $9.53.</li>
<li>RSI Value: 78.03</li>
<li>TG Price Action: Shares of Tredegar gained 2.7% to close at $6.55 on Tuesday.</li>
</ul>
<h3>Kaiser Aluminum Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kalu#NASDAQ">KALU</a>)</h3>
<ul>
<li>On Feb. 21, Kaiser Aluminum posted better-than-expected quarterly sales. The company&rsquo;s stock jumped around 28% over the past month and <a href="https://www.benzinga.com/quote/KALU"> has a 52-week high </a> of $91.47.</li>
<li>RSI Value: 83.34</li>
<li>KALU Price Action: Shares of Kaiser Aluminum climbed 2.5% to close at $90.89 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38062468/acuity-brands-likely-to-report-higher-q2-earnings-here-are-the-recent-forecast-changes-from-wall-st"> Acuity Brands Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts </a>

Top Stories for March 15, 2024:
1. Chief Executive Officer of Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) Lourenco Goncalves said he is <a href="https://www.benzinga.com/m-a/24/03/37715707/cliffs-ceo-weighs-lowball-bid-for-u-s-steel-with-union-backing">considering another bid</a> for U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) if the current Nippon Steel deal falls apart.
Goncalves added that he would have the backing of the steelworkers union but the bid would be a significantly lower price than the existing offer by Nippon.
For context, Nippon Steel's proposed 14.9 billion acquisition of U.S. Steel has come under increased scrutiny recently.
Several government officials including President Joe Biden have openly opposed the deal on the grounds of national security and the importance of keeping domestic steel production strong.
2. Tredegar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) reported fourth-quarter and full-year 2023 financial results.
The company reported a net loss of $35.6 million (-$1.04 per share) in Q4 2023, a sharp decline from the $3.9 million loss (-$0.11 per share) in <a href="https://ir.tredegar.com/news-releases/news-release-details/tredegar-reports-fourth-quarter-and-full-year-2023-results">Q4 2022</a>.
Excluding special items, the ongoing operations reported a marginal net loss of $0.1 million in Q4 2023, compared to a net income of $0.5 million in the same quarter of the previous year.&nbsp;
Full-year net income for 2023 was a loss of $105.9 million (-$3.10 per share), down from $28.5 million ($0.84 per share) in 2022.
EBITDA for Aluminum Extrusions decreased to $8.0 million from $8.9 million the previous year, with sales volume dropping to 32.9 million pounds from 37.2 million pounds.&nbsp;
Open orders ended the quarter at 14 million pounds, significantly below the pre-pandemic range of 21 to 27 million pounds.&nbsp;
PE Films&#8217; EBITDA improved to $4.5 million from a negative $2.6 million in Q4 2022, with sales volume increasing to 8.5 million pounds.&nbsp;
Flexible Packaging Films (Terphane) saw a decrease in EBITDA to $2.3 million from $7.0 million in Q4 2022, with a slight drop in sales volume.&nbsp;
The declines in Terphane&#8217;s performance were attributed to reduced sales volume and margin, impacted by global oversupply and strong competition in Brazil.
President and CEO John Steitz said, "There are signs that the downturn at Bonnell, which we believe is a residual impact of the pandemic and started in the second half of 2022, has hit bottom and that a recovery is underway. In addition, U.S. authorities have made favorable preliminary determinations regarding a trade case backed by a coalition of members of the Aluminum Extruders Council."&nbsp;
Also Read: <a href="https://www.benzinga.com/markets/commodities/24/03/37744623/lithium-market-signals-potential-turnaround-with-pilbara-minerals-direct-sales-move">Lithium Market Signals Potential Turnaround With Pilbara Minerals&#8217; Direct Sales Move</a>
3. Radius Recycling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NYSE">RDUS</a>) shared preliminary results for its fiscal second quarter of <a href="https://www.radiusrecycling.com/company/investors/news-release-details/22756">2024</a>.
The company expects a net loss of around $35 million, with a loss per share between $1.19 and $1.24.&nbsp;
Adjusted EBITDA is anticipated to be $2 million and the adjusted loss per share from continuing operations should range between $1.05 and $1.10.&nbsp;
Challenges included tight recycled metal supply, wet weather affecting sales volumes and prices and a 15% decrease in ferrous sales volumes due to supply issues.&nbsp;
However, nonferrous sales volumes are up 7% year-over-year, and finished steel volumes increased by 5% year-over-year, with a steel mill utilization rate of 81%.&nbsp;
Pricing for ferrous metals rose 8% quarter-over-quarter, while nonferrous prices increased by 3%, and finished steel prices remained flat.&nbsp;
The company plans to cut costs and improve efficiency, aiming for $40 million in annual savings on top of a previous $30 million, including selling, general and administrative expense reduction by 10%.&nbsp;
It also expects a Q2 operating cash outflow of $50 to $60 million, with Q2 capital expenditures of $15 million and projected fiscal 2024 capital expenditures of $80 million.&nbsp;
Total debt is estimated at $374 million and net debt at $360 million by the end of Q2, with an effective tax rate of about 4% on GAAP results and 8% on adjusted non-GAAP results.
4. Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) provided <a href="https://www.benzinga.com/news/24/03/37740745/steel-dynamics-provides-q1-earnings-guidance-sees-q1-eps-of-3-51-3-55-per-share-vs-3-35-estimate-inc">first quarter guidance</a> for 2024.
The company expects first-quarter earnings between $3.51-$3.55 per share, up from Q4 2023&#8217;s $2.61 and slightly below Q1 2023&#8217;s $3.70.&nbsp;
Stronger steel operations supported by demand from automotive, construction, energy and industrial sectors are driving improved results, especially in flat rolled steel and at its Sinton Texas division.&nbsp;
Metals recycling earnings are set to rise due to better pricing and higher volumes. Despite a solid non-residential construction sector and a healthy order backlog, steel fabrication profits will be strong but lower than the last quarter due to seasonal effects and cost increases.&nbsp;
Based on confidence in its earnings outlook and cash flow generation, the company also bought back $279 million in stock and raised its dividend by 8% to $0.46 per share.&nbsp;
Earnings will be announced on April 23, 2024.
Now Read: <a href="https://www.benzinga.com/news/24/03/37601685/no-bailout-for-chinese-real-estate-developers-spells-trouble-for-iron-ore-prices">No Bailout For Chinese Real Estate Developers Spells Trouble For Iron Ore Prices</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Photo: Shutterstock

Cleveland-Cliffs Considers Bid For US Steel; Tredegar And Radius Recycling Report Financial Results And More: Friday's Top Mining Stories

Shares of Jabil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbl#NYSE">JBL</a>) fell sharply during Friday&rsquo;s session after the company reported financial second-quarter results and issued FY25 guidance below estimates.
Jabil posted adjusted earnings of $1.68 per share, beating estimates of $1.66 per share. The company&rsquo;s quarterly sales came in at $6.77 billion, missing expectations of $6.89 billion.
Jabil shares dipped 14.2% to $126.56 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) shares jumped 189% to $0.4047. VERB&#39;s MARKET.live launched Facebook and Instagram social shopping technology integration.</li>
<li>Better Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bttx#NASDAQ">BTTX</a>) surged 108% to $0.0728. Better Therapeutics recently said it will seek strategic alternatives and will be delisted from the Nasdaq.</li>
<li>Jet.AI Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jtai#NASDAQ">JTAI</a>) shares climbed 76.7% to $1.1950.</li>
<li>Cardlytics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdlx#NASDAQ">CDLX</a>) rose 57.1% to $12.86 after the company reported better-than-expected fourth-quarter earnings.</li>
<li>American Vanguard Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/avd#NYSE">AVD</a>) climbed 25.8% to $13.32 following fourth-quarter financial results.</li>
<li>Blend Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blnd#NASDAQ">BLND</a>) climbed 24.3% to $2.92 after the company reported fourth-quarter financial results.</li>
<li>HCM Acquisition Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcma#NASDAQ">HCMA</a>) gained 22.8% to $12.00.</li>
<li>Solidion Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sti#NASDAQ">STI</a>) rose 22.2% to $1.5897. The company announced the pricing of a $3.85 million private placement.</li>
<li>Tredegar Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tg#NYSE">TG</a>) surged 18% to $4.73 following fourth-quarter financial results.</li>
<li>BranchOut Food Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bof#NASDAQ">BOF</a>) rose 17.3% to $2.20. BranchOut Food will debut new products at Natural Products Expo West.</li>
<li>Madrigal Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdgl#NASDAQ">MDGL</a>) rose 16.3% to $283.29 after the company announced FDA approval of Rezdiffra for the treatment of patients with noncirrhotic NASH with moderate to advanced liver fibrosis.</li>
<li>Secoo Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seco#NASDAQ">SECO</a>) gained 16% to $0.5017.</li>
<li>Direct Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drct#NASDAQ">DRCT</a>) jumped 15.1% to $31.81. Roth MKM recently maintained a Buy rating on the stock and raised its price target from $12.50 to $27.50.</li>
<li>EHang Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eh#NASDAQ">EH</a>) jumped 14.3% to $15.56 after the company reported financial fourth-quarter results above estimates and issued first-quarter revenue guidance.</li>
<li>WW International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ww#NASDAQ">WW</a>) gained 13% to $2.11.</li>
<li>CommScope Holding Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/comm#NASDAQ">COMM</a>) rose 13% to $1.6502.</li>
<li>CS Disco, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/law#NYSE">LAW</a>) surged 11.9% to $7.71. CS Disco&rsquo;s board approved a $20 million share repurchase authorization.</li>
<li>Alta Equipment Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/altg#NYSE">ALTG</a>) rose 10.7% to $11.64 following better-than-expected fourth-quarter 2023 results.</li>
<li>Despegar.com, Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/desp#NYSE">DESP</a>) gained 9.6% to $10.85 after the company reported mixed fourth-quarter 2023 results, with sales beating estimates.</li>
<li>Aquestive Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aqst#NASDAQ">AQST</a>) shares gained 7.2% to $5.63. Aquestive Therapeutics said Anaphylm met all predefined primary and secondary pharmacokinetic endpoints.</li>
<li>Fisker Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsr#NYSE">FSR</a>) shares rose 6.7% to $0.1654. Fisker shares dipped around 52% on Thursday following a Wall Street Journal report suggesting the company is preparing for a possible bankruptcy filing.</li>
<li>The Buckle, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bke#NYSE">BKE</a>) gained 5.4% to $39.71 following fourth-quarter 2023 results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>C3is Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ciss#NASDAQ">CISS</a>) shares fell 62.5% to $0.0296 after the company announced pricing of a $6 million underwritten public offering.</li>
<li>SELLAS Life Sciences Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sls#NASDAQ">SLS</a>) fell 34.8% to $1.01. SELLAS Life Sciences Group announced a $20 million registered direct offering and concurrent private placement of 13,029316 shares each for combined purchase price of $1.535/share.</li>
<li>Immuneering Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imrx#NASDAQ">IMRX</a>) dipped 27% to $2.1150 after multiple analysts downgraded the stock following Thursday data from the company&#39;s Phase 1 portion of its Phase 1/2a clinical trial of IMM-1-104 in advanced RAS-mutant solid tumors.</li>
<li>Lucy Scientific Discovery Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lsdi#NASDAQ">LSDI</a>) fell 25.6% to $1.25.</li>
<li>Xcel Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xelb#NASDAQ">XELB</a>) dipped 22.1% to $0.7630 after the company announced pricing of a $2.42 million public offering of common stock and concurrent private placement.</li>
<li>Altus Power, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amps#NYSE">AMPS</a>) declined 19.7% to $4.7650 after the company reported worse-than-expected quarterly financial results and issued FY24 revenue guidance below estimates.</li>
<li>Presto Automation Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prst#NASDAQ">PRST</a>) fell 19.1% to $0.2438 after surging 34% on Thursday. The company announced the pricing of a $1.2 million registered direct offering of 4.8 million shares of common stock at $0.25 per share.</li>
<li>Babcock &amp; Wilcox Enterprises, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bw#NYSE">BW</a>) dipped 19.1% to $1.0350 after the company reported worse-than-expected quarterly financial results.</li>
<li>Biofrontera Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfri#NASDAQ">BFRI</a>) declined 18.3% to $1.43.</li>
<li>Groupon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grpn#NASDAQ">GRPN</a>) fell 17.8% to $14.91 after the company reported fourth-quarter financial results.</li>
<li>EverCommerce Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evcm#NASDAQ">EVCM</a>) fell 17.3% to $7.74 following weak quarterly results.</li>
<li>Psyence Biomedical Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pbm#NASDAQ">PBM</a>) fell 14.3% to $1.3627. Psyence Biomedical shares jumped 53% on Thursday after the Indiana legislature sent a bill that includes funding for psilocybin clinical research trials to the governor.</li>
<li>Adobe Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>) dipped 13.3% to $494.25. Adobe reported better-than-expected results for its first quarter but issued weak revenue guidance for the current quarter.</li>
<li>Blink Charging Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blnk#NASDAQ">BLNK</a>) shares fell 11.8% to $3.0250 following fourth-quarter financial results.</li>
<li>Montauk Renewables, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mntk#NASDAQ">MNTK</a>) tumbled 10.8% to $4.54 following weak quarterly results.</li>
<li>Kopin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kopn#NASDAQ">KOPN</a>) fell 10.3% to $1.9650 after reporting weaker-than-expected fourth-quarter results.</li>
<li>AdTheorent Holding Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adth#NASDAQ">ADTH</a>) dipped 10% to $3.35.</li>
<li>PagerDuty, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pd#NYSE">PD</a>) shares fell 9.7% to $20.70 after the company reported fourth-quarter financial results and issued FY25 guidance below estimates.</li>
<li>Soho House &amp; Co Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shco#NYSE">SHCO</a>) declined 9.7% to $5.19 following downbeat fourth-quarter financial results.</li>
<li>Zillow Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/z#NASDAQ">Z</a>) dipped 8.3% to $50.55.</li>
<li>Ulta Beauty, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulta#NASDAQ">ULTA</a>) shares tumbled 6.5% to $528.96 after the company reported fourth-quarter financial results and issued FY24 revenue guidance below estimates. The company&#39;s board of directors approved a new share repurchase authorization of $2.0 billion.</li>
<li>Sanmina Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sanm#NASDAQ">SANM</a>) dipped 5.8% to $59.45.</li>
<li>Smartsheet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smar#NASDAQ">SMAR</a>) fell 4.3% to $38.57 after the company reported fourth-quarter financial results and issued FY25 revenue guidance below estimates.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) shares fell 3% to $1,627.26. MicroStrategy shares fell 5% on Thursday after the company announced a proposed private offering of $500 million of convertible senior notes due 2031.</li>
</ul>
&nbsp;
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Why Jabil Shares Are Trading Lower By Over 14%? Here Are Other Stocks Moving In Friday's Mid-Day Session

WIIM

Tredegar shares are trading higher. The company reported Q4 financial results.

U.S. stocks were lower, with the Dow Jones index falling around 100 points on Friday.
Shares of Blend Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blnd#NASDAQ">BLND</a>) rose sharply during Friday&rsquo;s session after the company reported <a href="https://www.benzinga.com/quote/BLND/earnings">fourth-quarter financial results.</a>
Blend Labs posted quarterly loss of 9 cents per share, in-line with market estimates of 9 cents per share. The company&rsquo;s quarterly sales came in at $36.10 million versus estimates of $36.93 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Blend Labs shares jumped 24.3% to $2.92 on Friday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Cardlytics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdlx#NASDAQ">CDLX</a>) jumped 57.1% to $12.86 after the company reported better-than-expected fourth-quarter earnings.</li>
<li>American Vanguard Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/avd#NYSE">AVD</a>) rose 25.8% to $13.32 following fourth-quarter financial results.</li>
<li>Tredegar Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tg#NYSE">TG</a>) climbed 18% to $4.73 following fourth-quarter financial results.</li>
<li>Madrigal Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdgl#NASDAQ">MDGL</a>) gained 16.3% to $283.29 after the company announced FDA approval of Rezdiffra for the treatment of patients with noncirrhotic NASH with moderate to advanced liver fibrosis.</li>
<li>Direct Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drct#NASDAQ">DRCT</a>) climbed 15.1% to $31.81. Roth MKM recently maintained a Buy rating on the stock and raised its price target from $12.50 to $27.50.</li>
<li>EHang Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eh#NASDAQ">EH</a>) rose 14.3% to $15.56 after the company reported financial fourth-quarter results above estimates and issued first-quarter revenue guidance.</li>
<li>CommScope Holding Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/comm#NASDAQ">COMM</a>) surged 13% to $1.6502.</li>
<li>CARGO Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crgx#NASDAQ">CRGX</a>) gained 13% to $31.74.</li>
<li>CS Disco, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/law#NYSE">LAW</a>) rose 11.9% to $7.71. CS Disco&rsquo;s board approved a $20 million share repurchase authorization.</li>
<li>Alta Equipment Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/altg#NYSE">ALTG</a>) gained 10.7% to $11.64 following better-than-expected fourth-quarter 2023 results.</li>
<li>Despegar.com, Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/desp#NYSE">DESP</a>) climbed 9.6% to $10.85 after the company reported mixed fourth-quarter 2023 results, with sales beating estimates.</li>
<li>Bitdeer Technologies Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btdr#NASDAQ">BTDR</a>) gained 8.8% to $7.03.</li>
<li>Tenaya Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tnya#NASDAQ">TNYA</a>) rose 8.6% to $5.18.</li>
<li>Archer Aviation Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/achr#NYSE">ACHR</a>) gained 7.4% to $5.25.</li>
<li>Bioventus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bvs#NASDAQ">BVS</a>) gained 6.9% to $5.55.</li>
<li>Solid Biosciences Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sldb#NASDAQ">SLDB</a>) gained 6.9% to $13.13. Piper Sandler recently upgraded the stock from Neutral to Overweight and raised its price target from $8 to $20.</li>
<li>Lithium Americas Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lac#NYSE">LAC</a>) gained 6% to $6.35 following 2023 full year and fourth quarter results.</li>
<li>The Buckle, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bke#NYSE">BKE</a>) rose 5.4% to $39.71 following fourth-quarter 2023 results.</li>
</ul>
&nbsp;
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Blend Labs Reports Q4 Results, Joins Alta Equipment, Despegar.com And Other Big Stocks Moving Higher On Friday

Tredegar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) reported quarterly losses of $(0.01) per share. This is a 150 percent decrease over earnings of $0.02 per share from the same period last year. The company reported $169.34 million in sales this quarter. This is a 10.47 percent decrease over sales of $189.15 million the same period last year.

Tredegar Q4 EPS $(0.01) Down From $0.02 YoY, Sales $169.34M Down From $189.15M YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; EHang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) is expected to report quarterly loss at $0.10 per share on revenue of $7.83 million.
&bull; NeoGenomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $182.13 million.
&bull; Prestige Consumer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBH#NYSE">PBH</a>) is estimated to report quarterly earnings at $1.20 per share on revenue of $1.61 billion.
&bull; Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) is projected to report quarterly earnings at $2.55 per share on revenue of $477.49 million.
&bull; RLX Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLX#NYSE">RLX</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $66.52 million.
&bull; KVH Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KVHI#NASDAQ">KVHI</a>) is expected to report quarterly loss at $0.03 per share on revenue of $32.32 million.
&bull; Oxford Square Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXSQ#NASDAQ">OXSQ</a>) is estimated to report earnings for its fourth quarter.
&bull; Desktop Metal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DM#NYSE">DM</a>) is projected to report quarterly loss at $0.05 per share on revenue of $50.83 million.
&bull; Paltalk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALT#NASDAQ">PALT</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $3.53 million.
&bull; GigaCloud Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>) is likely to report quarterly earnings at $0.58 per share on revenue of $224.15 million.
&bull; Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) is estimated to report quarterly earnings at $1.66 per share on revenue of $6.89 billion.
&bull; Buckle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKE#NYSE">BKE</a>) is expected to report quarterly earnings at $1.44 per share on revenue of $383.63 million.
&bull; Summit Midstream Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMLP#NYSE">SMLP</a>) is projected to report earnings for its fourth quarter.
&bull; CBAK Energy Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBAT#NASDAQ">CBAT</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $58.86 million.
&bull; ProPhase Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRPH#NASDAQ">PRPH</a>) is likely to report quarterly loss at $0.26 per share on revenue of $10.69 million.
&bull; Tredegar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) is estimated to report earnings for its fourth quarter.
&bull; Soho House (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>) is expected to report quarterly loss at $0.07 per share on revenue of $304.52 million.
&bull; Telos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLS#NASDAQ">TLS</a>) is likely to report quarterly loss at $0.12 per share on revenue of $32.06 million.
&bull; Groupon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) is likely to report quarterly earnings at $0.11 per share on revenue of $136.70 million.
&bull; Townsquare Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSQ#NYSE">TSQ</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $111.85 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Consumer Pf Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPSS#NASDAQ">CPSS</a>) is estimated to report earnings for its fourth quarter.
&bull; Legacy Housing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEGH#NASDAQ">LEGH</a>) is projected to report quarterly earnings at $0.71 per share on revenue of $60.65 million.
&bull; High Tide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HITI#NASDAQ">HITI</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $94.67 million.
&bull; Lument Finance Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LFT#NYSE">LFT</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $32.65 million.
&bull; Biofrontera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFRI#NASDAQ">BFRI</a>) is likely to report quarterly loss at $1.19 per share on revenue of $11.52 million.
&bull; AlTi Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTI#NASDAQ">ALTI</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $66.80 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For March 15, 2024

Tredegar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) reported quarterly losses of $(0.15) per share. This is a 207.14 percent decrease over earnings of $0.14 per share from the same period last year. The company reported $166.19 million in sales this quarter. This is a 30.31 percent decrease over sales of $238.49 million the same period last year.

Tredegar Q3 Adj $(0.15) Down From $0.14 YoY, Sales $166.19M Down From $238.49M YoY

Tredegar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) announced today that it has agreed to sell its flexible packaging films (&quot;Terphane&quot;) business to affiliates of Oben Group for net debt-free base consideration of&nbsp;$116 million. Terphane, which solely comprises the flexible packaging segment reported by Tredegar, has approximately 500 employees with manufacturing sites located in Cabo de Santo Agostinho, Brazil and Bloomfield, New York, and headquarters located in S&atilde;o Paulo, Brazil, and exports to 29 countries.
Tredegar expects to realize after-tax cash proceeds from completion of the transaction of&nbsp;$85 million&nbsp;after deducting projected Brazil withholding taxes, escrow funds, US capital gains taxes and transaction costs. Actual after-tax proceeds may differ from estimates due to possible changes in deductions during the potentially lengthy interim period (expected to be between 8 and 14 months) to the closing date.
For the 12 months ended June 30, 2023, net sales and EBITDA from ongoing operations for Terphane were&nbsp;$152 million&nbsp;and&nbsp;$16.4 million, respectively.
Closing of the transaction is contingent upon the satisfaction of customary conditions, including clearance by competition authorities in Brazil and Colombia.
John Steitz, Tredegar&#39;s president and chief executive officer, said, &quot;We believe that the purchase by Oben of Terphane will enhance the scale and growth opportunities in the keenly competitive global flexible packaging market.&quot;
Gonzalo Belaunde, Oben&#39;s chief executive officer, said, &quot;We are excited about signing the agreement to acquire Terphane, a relevant producer of BOPET films in Brazil. Completion of this transaction will strengthen Oben&#39;s position as a global player in the highly competitive flexible films industry, by expanding production capacity of BOPET films and providing a great platform to expand production capacity for other films, especially BOPP, in the U.S. and Brazil. We expect our combined operations and expertise, and the synergies created by the transaction, to enhance our service to clients. We look forward to the employees of Terphane joining the Oben team.&quot;
J.P. Morgan Securities LLC is serving as financial advisor to Tredegar, and Hunton Andrews Kurth LLP is serving as U.S. corporate counsel to Tredegar.
Tredegar is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building &amp; construction, automotive and specialty end-use markets; surface protection films for high technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2022 sales of&nbsp;$939 million. With approximately 1,800 employees, Tredegar operates manufacturing facilities in North America, South America, and Asia.
Oben is an important player in the market of inputs for the flexible packaging industry with more than 31 years of experience in the production of state-of-the-art flexible films having strategic locations in more than 17 countries with sales to more than 40 countries in the Americas, Europe and Africa. It has a diversified portfolio that includes BOPP, BOPET, BOPA, BOPE, CPP, Extrusion Coated as well as Thermoformed Products.

Asset Sales

Tredegar Agrees To Sell Terphane To Oben Group For Net Debt-Free Base Consideration Of $116M

Tredegar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) reported quarterly losses of $(0.06) per share. This is a 111.76 percent decrease over earnings of $0.51 per share from the same period last year. The company reported $178.17 million in sales this quarter. This is a 35.06 percent decrease over sales of $274.36 million the same period last year.

UPDATE: Tredegar Q2 Adj $(0.06) Down From $0.51 YoY, Sales $178.17M Down From $274.36M YoY

&nbsp;Future research &amp; development activities for PE Films will be performed at the facility in Pottsville, PA.The Company expects to recognize cash costs associated with exit activities of&nbsp;$1.8 million.In addition, the Company expects non-cash asset write-offs and accelerated depreciation of up to&nbsp;$4.5 million. Net annual cash savings of&nbsp;$3.4 million&nbsp;are anticipated, beginning in the&nbsp;fourth quarter&nbsp;of 2023.

Tredegar Adopted Plan On August 3, 2023, To Close PE Films Technical Center In Richmond And Reduce Its Efforts To Develop And Sell Films Supporting Semiconductor Market

Tredegar (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tg#NYSE">TG</a>) reported quarterly losses of $(0.06) per share. This is a 111.76 percent decrease over earnings of $0.51 per share from the same period last year. The company reported $178.17 million in sales this quarter. This is a 35.06 percent decrease over sales of $274.36 million the same period last year.