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

Avi Kapoor

April 17, 2024

Shares of The Travelers Companies, Inc. (NYSE: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. (NASDAQ: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 (NASDAQ:EDBL) gained 112% to $9.73 after the company reported preliminary first quarter FY24 results.
Sintx Technologies, Inc. (NASDAQ:SINT) jumped 53% to $0.0350.
VIA optronics AG (NYSE:VIAO) shares gained 50.4% to $0.3924 after dipping over 15% on Tuesday.
AERWINS Technologies Inc. (NASDAQ:AWIN) jumped 42.2% to $4.70.
The Children's Place, Inc. (NASDAQ:PLCE) climbed 35.5% to $9.64 after the company announced it entered into a new financing agreement with Mithaq Capital.
Vanda Pharmaceuticals Inc. (NASDAQ: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. (NASDAQ: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. (NASDAQ:CXAI) shares rose 25% to $4.89 after the company announced 24% ARR growth in 2023.
TRACON Pharmaceuticals, Inc. (NASDAQ:TCON) rose 19.6% to $2.0461.
WiSA Technologies, Inc. (NASDAQ: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. (NASDAQ: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. (NASDAQ: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. (NASDAQ:RANI) jumped 14.4% to $7.86.
Cullinan Therapeutics, Inc. (NASDAQ: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. (NASDAQ:UAL) rose 11.2% to $46.12 after the company reported better-than-expected first-quarter financial results.
Chromocell Therapeutics Corporation (NYSE:CHRO) gained 11.8% to $2.0356 after falling around 7% on Tuesday.
ALX Oncology Holdings Inc. (NASDAQ:ALXO) rose 10.4% to $16.01.
AMC Entertainment Holdings, Inc. (NYSE:AMC) gained 7.5% to $2.9250, bouncing back from the selling pressure the stock has faced in recent week.
Interactive Brokers Group, Inc. (NASDAQ:IBKR) rose 5.2% to $112.93 following upbeat quarterly earnings.

Losers

ICZOOM Group Inc. (NASDAQ:IZM) shares dipped 87.8% to $6.19.
Sunshine Biopharma, Inc. (NASDAQ:SBFM) fell 47% to $3.5879.
Trio Petroleum Corp. (NYSE:TPET) fell 35.8% to $0.3144 after dipping over 22% on Tuesday.
Longeveron Inc. (NASDAQ:LGVN) dipped 31% to $2.43 after the company announced the exercise of warrants for $6.2 million in gross proceeds.
iSun, Inc. (NASDAQ:ISUN) declined 27% to $0.1556.
China SXT Pharmaceuticals, Inc. (NASDAQ: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. (NASDAQ: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. (NYSE:TMQ) shares fell 23.2% to $0.3865.
HUB Cyber Security Ltd. (NASDAQ:HUBC) dipped 22.6% to $1.44.
Destiny Tech100 Inc. (NASDAQ:DXYZ) fell 22% to $33.83 after gaining around 18% on Tuesday.
Finch Therapeutics Group, Inc. (NASDAQ:FNCH) dipped 21.9% to $2.42.
Sage Therapeutics, Inc. (NASDAQ: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. (NASDAQ:OTRK) fell 20.3% to $0.3666 after the company reported worse-than-expected quarterly financial results.
SolarMax Technology, Inc. (NASDAQ:SMXT) dipped 20% to $9.72 following fiscal year 2023 results.
Dragonfly Energy Holdings Corp. (NASDAQ: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. (NYSE:MEG) fell 13.3% to $36.37 after announcing a public offering of 3 million shares.
Dynatronics Corporation (NASDAQ:DYNT) fell 12.2% to $0.50 after gaining around 48% on Tuesday.
VinFast Auto Ltd. (NASDAQ:VFS) fell 12% to $2.70 following first-quarter earnings.
Adaptive Biotechnologies Corporation (NASDAQ:ADPT) declined 9.3% to $2.4950.
SNDL Inc. (NASDAQ:SNDL) fell 9.3% to $1.7950.
Arm Holdings plc (NASDAQ:ARM) fell 9.3% to $110.65.
J B Hunt Transport Services Inc (NASDAQ:JBHT) shares fell 9.2% to $166.25 after the company missed first-quarter revenue and EPS estimates.
MicroStrategy Incorporated (NASDAQ: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 (NASDAQ:FWRD) fell 8.3% to $23.13.
Autodesk, Inc. (NASDAQ: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. (NASDAQ:ASML) shares declined 7.2% to $907.11 after the company reported worse-than-expected first-quarter results and issued second-quarter guidance.

Now Read This: Discover Financial Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

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