American Oncology Network Announces Second Quarter 2024 Earnings Release Date And Conference Call

Logistic Properties Of The Americas

+1.71%

Freight Technologies

-18.97%

Shares of G-III Apparel Group, Ltd. fell sharply during Thursday's session after the company reported worse-than-expected quarterly sales results.

G-III Apparel Group posted adjusted earnings of 13 cents per share, according to data from Benzinga Pro. The company's quarterly sales came in at $609.747 million, missing market estimates of $616.286 million.

G-III Apparel Group shares dipped 13.4% to $27.12 on Thursday.

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

Gainers

Virax Biolabs Group Limited shares jumped 139.4% to $2.5390.
American Oncology Network, Inc. gained 102% to $4.52. American Oncology Network expanded radiation oncology services with opening of Low Country Radiation in Waycross, Georgia.
Latam Logistic Properties, S.A. shares gained 99.2% to $63.01 after dipping around 83% on Wednesday.
Freight Technologies, Inc. shares climbed 90.4% to $1.1950 after the company said it added 26 new customers and 149 new carriers in 2024.
Aethlon Medical, Inc. gained 67.7% to $0.7361 after jumping 7% on Wednesday.
China Liberal Education Holdings Limited rose 42% to $2.04.
iSpecimen Inc. rose 38.3% to $0.4442 after declining 4% on Wednesday.
Nauticus Robotics, Inc. shares rose 31.5% to $0.1815 after gaining around 20% on Wednesday. Nauticus Robotics, last month, announced a deal with H.C. Wainwright & Co to sell shares under an at-the-market offering.
Pixie Dust Technologies, Inc. gained 29% to $2.13.
Tungray Technologies Inc. rose 28.8% to $4.25.
iSpecimen Inc. gained 27.6% to $0.4097.
Replimune Group, Inc. gained 27.3% to $7.08 as the company announced positive topline primary analysis data by Independent Central Review from IGNYTE clinical trial of RP1 plus nivolumab in anti-PD1 failed melanoma.
Vanda Pharmaceuticals Inc. gained 26.7% to $6.40 after Cycle Pharmaceuticals confirmed that it made a proposal to buy the company.
Co-Diagnostics, Inc. gained 22.3% to $1.26.
Zoomcar Holdings, Inc. shares rose 21.4% to $0.1829 after falling over 4% on Wednesday.
SecureWorks Corp. climbed 20.3% to $7.04 following upbeat quarterly results.
OneMedNet Corporation rose 20% to $1.9118 after the company announced that it joined the AWS Partner Network and secured a new iRWD client.
Brenmiller Energy Ltd climbed 18.8% to $1.30 after the company announced that it signed an exclusive distribution agreement with Rock Energy Storage to sell and distribute its bGen TES systems.
Smartsheet Inc. gained 18.8% to $44.90 after the company reported better-than-expected first-quarter financial results and announced an inaugural $150 million share repurchase program.
Chanson International Holding rose 18.5% to $2.5940.
Virios Therapeutics, Inc. climbed 18.1% to $0.2550.
Xponential Fitness, Inc. gained 18.1% to $11.65.
Motorsport Games Inc. gained 17.1% to $2.7394. Motorsport Games said it regained compliance with continued listing requirements of Nasdaq Stock Market.
Pharming Group N.V. rose 13.8% to $8.74.
Halozyme Therapeutics, Inc. gained 10.8% to $50.60 after the company raised its FY24 guidance.
The Toro Company rose 8% to $85.97 after the company reported better-than-expected second-quarter EPS and sales.
United Natural Foods, Inc. gained 7.1% to $14.35. Roth MKM analyst Bill Kirk maintained United Natural Foods with a Neutral and raised the price target from $13 to $14.
Lululemon Athletica Inc. shares climbed 3.5% to $319.05 as the company reported upbeat financial results for its first quarter and authorized a $1 billion increase in its stock repurchase program.

Losers

Actelis Networks, Inc. shares fell 42.2% to $2.15 after the company announced an agreement for the immediate exercise of certain outstanding warrants for gross proceeds of $3 million.
SeaStar Medical Holding Corporation declined 33.6% to $0.2350. SeaStar Medical announced a 25-for-1 reverse stock split.
Ventyx Biosciences, Inc. fell 27% to $3.83 after the company announced preclinical data for its CNS-penetrant NLRP3 inhibitor VTX3232 in murine diet-induced obesity models.
Plutonian Acquisition Corp. dipped 23.7% to $4.40.
Ryde Group Ltd. fell 22.4% to $6.33.
Moving iMage Technologies, Inc. fell 22.3% to $0.7757. Moving iMage Technologies was recently awarded a multi-million dollar contract.
Fresh2 Group Limited shares declined 21.1% to $0.4776 after surging over 35% on Wednesday.
Big Lots, Inc. dipped 20.8% to $2.79 after the company reported worse-than-expected quarterly financial results.
Laird Superfood, Inc. fell 20.2% to $3.92.
Couchbase, Inc. dipped 20.1% to $17.20 as the company reported first-quarter financial results and issued guidance.
Jowell Global Ltd. fell 18.8% to $1.8180 after jumping over 98% on Wednesday.
ENDRA Life Sciences Inc. shares fell 18.1% to $0.1138 after gaining 63% on Wednesday. ENDRA Life Sciences recently announced the pricing of an $8 million public offering.
Asset Entities Inc. fell 18% to $0.4489 after gaining around 25% on Wednesday.
InMed Pharmaceuticals Inc. shares fell 17.6% to $0.25 after gaining 5% on Wednesday.
Sprinklr, Inc. shares fell 17.3% to $8.96 after the company reported its first-quarter financial results and appointed a new co-CEO Wednesday.
Montana Technologies Corporation fell 16% to $9.95.
4D Molecular Therapeutics, Inc. dipped 15.2% to $23.14. The company announced interim clinical data from the 4D-710 Phase 1/2 AEROW clinical trial for the treatment of cystic fibrosis lung disease.
ZIM Integrated Shipping Services Ltd. fell 14.7% to $20.30.
LivaNova PLC fell 11.8% to $52.92 after the company’s RECOVER clinical study did not meet its primary endpoint for the unipolar cohort, though statistical significance was achieved in select secondary endpoints.
Five Below, Inc. shares declined 10.7% to $118.57 after the company posted downbeat first-quarter results and lowered FY guidance.
Dorian LPG Ltd. shares fell 9.2% to $45.66 after the company announced a public offering of common shares.
NIO Inc. fell 7.7% to $4.8650 following worse-than-expected first-quarter earnings.
Vertiv Holdings Co declined 6.5% to $90.75
Sleep Number Corporation fell 6.4% to $14.88.
Ollie’s Bargain Outlet Holdings, Inc. declined 3.8% to $86.42. Ollie’s Bargain posted better-than-expected first-quarter earnings on Wednesday.

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Sector Update: Health Care Stocks Advance Late Afternoon

MT Newswires

Mangoceuticals

+0.88%

Digital Transformation

Pfizer

+2.24%

Health care stocks rose late Tuesday afternoon, with the NYSE Health Care Index adding 0.4% and the Health Care Select Sector SPDR Fund (XLV) increasing 0.1%.

The iShares Biotechnology ETF (IBB) fell 0.6%.

In corporate news, Mangoceuticals said it is developing proprietary oral formulations of semaglutide and tirzepatide to help with weight management. The shares surged 101%.

Biodexa Pharmaceuticals shares surged 88% after it said Tuesday that "positive" and "statistically significant" results from a phase 2 trial of its newly licensed eRapa in familial adenomatous polyposis are scheduled for presentation at the annual meeting of the Digestive Disease Week.

American Oncology Network said that it has decided to delist its class A shares and warrants from Nasdaq, with the last trading day expected on or about June 7. Its shares plunged 35.7%.

Senate Finance Committee Chair Ron Wyden is seeking information on Pfizer's tax practices. In a letter sent Monday to Pfizer Chief Executive Albert Bourla, Wyden asked how Pfizer managed to book most of its profits offshore, despite the US market contributing significantly to its global revenue. Pfizer shares were rising 0.3%.

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Gold Moves Lower; Macy's Boosts 2024 Forecast

Benzinga

Greenwave Technology Solutions

Mangoceuticals

+0.88%

-6.56%

U.S. stocks traded mostly higher toward the end of trading, with the Dow Jones index gaining around 0.1% on Tuesday.

The Dow traded up 0.07% to 39,835.87 while the NASDAQ rose 0.06% to 16,805.01. The S&P 500 also rose, gaining, 0.12% to 5,314.54 .

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Leading and Lagging Sectors

Utilities shares rose by 0.6% on Tuesday.

In trading on Tuesday, industrials shares fell by 0.3%.

Top Headline

Macy's Inc reported better-than-expected first-quarter adjusted earnings and raised the outlook.

The company reported a first-quarter FY24 sales decline of 2.7% year-on-year to $4.846 billion, slightly missing the analyst consensus of $4.86 billion. Adjusted EPS of 27 cents beat the analyst consensus of 15 cents.

Macy's updated FY24 sales outlook from $22.2 billion – $22.9 billion to $22.3 billion – $22.9 billion, against the consensus of $22.81 billion. The company raised FY24 adjusted EPS guidance from $2.45 – $2.85 to $2.55 – $2.90 versus the Street view of $2.62.

Equities Trading UP

MGO Global, Inc. shares shot up 342% to $1.0101 after the company posted first-quarter results.
Shares of Biodexa Pharmaceuticals Plc got a boost, surging 73% to $2.2001. The company on Tuesday announced progress towards the treatment of Familial Adenomatous Polyposis.
Mangoceuticals, Inc. shares were also up, gaining 164% to $0.6754 after the company announced the development of oral formulations of Semaglutide and Tirzepatide.

Equities Trading DOWN

Greenwave Technology Solutions, Inc. shares dropped 63% to $0.0579 after the company reported a year-over-year decrease in first-quarter financial results. Also, the company announced a registered direct offering.
Shares of American Oncology Network, Inc. were down 33% to $1.86. American Oncology Network announced voluntary delisting from the Nasdaq.
LuxUrban Hotels Inc. was down, falling 42% to $0.2601 after the company announced the pricing of its public offering of 30.50 million common shares at $0.25 per share.

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Commodities

In commodity news, oil traded down 0.8% to $79.20 while gold traded down 0.6% at $2,424.80.

Silver traded down 0.9% to $32.12 on Tuesday, while copper rose 0.8% to $5.1175.

Euro zone

European shares closed lower today. The eurozone's STOXX 600 fell 0.18%, Germany's DAX fell 0.22% and France's CAC 40 dipped 0.66%. Spain's IBEX 35 Index fell 0.04%, while London's FTSE 100 fell 0.09%.

The Eurozone recorded a trade surplus of €24.1 billion in March compared to a €19.1 billion surplus in the year-ago month. The current account surplus in the Eurozone rose to €44.5 billion in March from €27.0 billion in the year-ago period. Construction output in the Eurozone rose 0.1% year-over-year in March.

Producer prices in Germany fell by 3.3% year-over-year in April compared to a 2.9% decline in the prior month.

Asia Pacific Markets

Asian markets closed lower on Tuesday, with Japan's Nikkei falling 0.31%, China's Composite Index declining 0.42%, Hong Kong's Hang Seng Index dipping 2.12% and India's S&P BSE Sensex falling 0.1%.

Economics

No major economic reports will be released today.

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Top Midday Decliners

MT Newswires

Digital Transformation

GT Biopharma said Tuesday it priced a registered direct offering of 740,000 shares at $4.35 per share to raise about $3.2 million for general corporate purposes. It will also issue warrants in a concurrent private placement.

Shares sank about 31%, with intraday trading volume at more than 18.1 million versus a daily average of about 1.06 million.

LuxUrban Hotels said it priced a public offering of 30.5 million shares at $0.25 apiece.

The company intends to use the proceeds for working capital and other general corporate purposes.

Shares slid 42% as intraday trading volume surged to over 9.28 million versus the stock's daily average of about 607,000.

American Oncology Network said that it has decided to delist its Class A common stock and warrants from the Nasdaq Capital Market, with the last trading day expected on or about June 7.

Shares slumped 33% after intraday trading volume climbed to over 247,000 from a daily average of about 13,000.

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Why James Hardie Industries Shares Are Trading Lower By Around 14%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Benzinga

James Hardie Industries

Meta Materials

Shares of James Hardie Industries plc fell sharply during Tuesday's session after the company reported worse-than-expected quarterly financial results.

James Hardie Industries posted adjusted earnings of 40 cents per share, missing market expectations of 42 cents per share. The company's quarterly sales came in at $1.005 billion versus estimates of $1.009 billion, according to data from Benzinga Pro.

JP Morgan analyst Al Harvey downgraded James Hardie Industries from Overweight to Neutral.

James Hardie Industries shares dipped 14.3% to $31.36 on Tuesday.

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

Gainers

MGO Global, Inc. shares jumped 194% to $0.6739 after the company posted first-quarter results.
Mangoceuticals, Inc. gained 121% to $0.5598 after the company announced the development of oral formulations of Semaglutide and Tirzepatide.
Biodexa Pharmaceuticals Plc jumped 87% to $2.3750 after the company presented Phase 2 clinical trial results of its newly-licensed eRapa in familial adenomatous polyposis scheduled for presentation at the 2024 Digestive Disease Week Annual Meeting.
Meta Materials Inc. gained 64.4% to $3.78 after the company late Monday announced an update on its investigation into potential naked short selling, which began in June 2023.
FLJ Group Limited jumped 60% to $1.2521.
AgriFORCE Growing Systems Ltd shares climbed 41% to $0.1814 after jumping over 25% on Monday.
Edible Garden AG Incorporated climbed 38.2% to $5.25 after jumping around 9% on Monday. The company, last week, reported first-quarter financial results.
Complete Solaria, Inc. gained 35.3% to $1.5828.
Fangdd Network Group Ltd. surged 28% to $1.4813.
Onfolio Holdings, Inc. rose 26% to $0.7801 following first-quarter results.
Xylo Technologies Ltd. gained 21.3% to $2.3780. Xylo Technologies announced plans to acquire a leading AI technology company.
Ault Alliance, Inc. rose 18% to $0.4630 after the company reported a year-over-year increase in first-quarter financial results.
Lichen China Limited gained 15% to $1.77.
Waldencast plc gained 15% to $5.00 following first-quarter results.
Larimar Therapeutics, Inc.. rose 12.3% to $8.16 after the company announced that the FDA removed the partial clinical hold previously placed on the nomlabofusp clinical program.
Transcat, Inc. rose 10.1% to $136.63 following better-than-expected quarterly earnings.
XPeng Inc. gained 10% to $9.12 after the company reported better-than-expected first-quarter results and issued second-quarter guidance.
Bloom Energy Corporation rose 9.7% to $14.18.
Allogene Therapeutics, Inc. gained 8.5% to $2.8090 after falling over 6% on Monday.

Losers

Cheetah Net Supply Chain Service Inc. fell 67% to $4.77 after jumping over 36% on Monday.
Greenwave Technology Solutions, Inc. shares fell 60.5% to $0.0623 after the company reported a year-over-year decrease in first-quarter financial results. Also, the company announced a registered direct offering.
LuxUrban Hotels Inc. fell 42.4% to $0.2585 after the company announced the pricing of its public offering of 30.50 million common shares at $0.25 per share.
Crown ElectroKinetics Corp. dipped 33% to $0.1331.
American Oncology Network, Inc. fell 28.5% to $2.00. American Oncology Network announced voluntary delisting from the Nasdaq.
MultiMetaVerse Holdings Limited dipped 28% to $0.9497. MultiMetaVerse, on Monday, signed a term sheet to acquire Bowong Technology.
Pineapple Energy Inc. shares fell 27.6% to $0.1371 after jumping 80% on Monday.
Rubicon Technologies, Inc. fell 27% to $0.2482 after the company reported a year-over-year decrease in first-quarter sales results.
Bruush Oral Care Inc. dipped 26.6% to $0.1160.
iSun, Inc. shares fell 25.3% to $0.1250 after climbing around 15% on Monday.
NovaBay Pharmaceuticals, Inc. shares fell 24.9% to $0.1310 following a 47% surge on Monday. The company last week announced it launched new Avenova product bundles aimed at providing tailored, cost-effective relief for dry eye symptoms.
Akanda Corp. fell 24.4% to $0.1010.
Scorpius Holdings, Inc. shares fell 24.3% to $0.2574. Scorpius shares jumped around 55% on Monday after the company announced expansion in San Antonio with a new storage and testing facility.
Rubicon Technologies, Inc. shares dipped 24.1% to $0.2582 in pre-market trading after the company reported a year-over-year decrease in first-quarter sales results.
Faraday Future Intelligent Electric Inc. fell 22% to $1.3950.
Daré Bioscience, Inc. tumbled 21.7% to $0.4775.
Peloton Interactive, Inc. fell 15.7% to $3.2950 after the company announced it will offer $275 million aggregate principal amount of convertible senior notes in a private offering.
Zenvia Inc. shares fell 15.2% to $3.25 after jumping over 67% on Monday.
Gaotu Techedu Inc. shares declined 13.4% to $7.09 following results for the first quarter.
Oddity Tech Ltd. fell 12.5% to $35.88 following a short seller report.
Hesai Group shares declined 12.2% to $4.62 following first-quarter results.
Forward Air Corporation fell 11.3% to $11.97 after announcing leadership transition.
Palo Alto Networks, Inc. fell 4.2% to $309.96. Palo Alto posted better-than-expected earnings for its third quarter. The company said it sees fourth-quarter adjusted earnings of $1.40 to $1.42 per share on total revenue of $2.15 billion to $2.17 billion.
Keysight Technologies, Inc. fell 10.6% to $142.78. Keysight Technologies posted better-than-expected second-quarter earnings on Monday. The company said it expects third-quarter revenue of $1.18 billion to $1.20 billion and adjusted earnings of $1.30 to $1.36 per share.
Applied Digital Corporation dipped 10.4% to $4.10.
A10 Networks, Inc. fell 8.2% to $15.10.
GameStop Corp. declined 7.6% to $21.38.
Nordson Corporation fell 7.5% to $248.28 following mixed second-quarter earnings and soft third-quarter revenue guidance.
Amer Sports, Inc. fell 7.4% to $14.83 after the company reported first-quarter earnings.
JD.com, Inc. shares declined 3.2% to $33.63 after the company reported interim first-quarter results and announced a proposed offering of $1.5 billion convertible senior notes.

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Crude Oil Moves Lower; Lowe's Earnings Top Views

Benzinga