Cingulate Files Prospectus for Resale of Up to 6.6 Million Common Shares

Shares of Conagra Brands, Inc. fell during Thursday's session after the company reported worse-than-expected fourth-quarter sales results and issued FY25 adjusted EPS guidance below estimates.

The company reported adjusted earnings per share of 61 cents, beating the analyst consensus estimate of 57 cents. Quarterly revenues of $2.905 billion missed the street view of $2.930 billion, according to data from Benzinga Pro.

Conagra Brands shares declined 3.9% to $27.70 on Thursday.

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

Gainers

• Kazia Therapeutics Limited shares surged 88.6% to $1.26. Kazia Therapeutics, on Wednesday, announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of care for patients with glioblastoma.
• Biodexa Pharmaceuticals Plc shares jumped 78.6% to $1.2698 after the company reported 12-month Phase 2 trial results for eRapa in treating Familial Adenomatous Polyposis.
• Volcon, Inc. V climbed 68.2% to $6.13 in response to a series of buy-sell transactions by UBS Group AG .
• iSpecimen Inc. jumped 48% to $0.4241.
• Renalytix Plc gained 35% to $0.4125 after the company announced a collaboration with the Steno Diabetes Center, Copenhagen, to advance translation of precision medicine solutions for patients with Diabetes and Chronic Kidney Disease.
• Blue Star Foods Corp. B shares rose 33.6% to $2.2450 after declining around 5% on Wednesday.
• Cyngn Inc. gained 32.5% to $5.25. Cyngn announced the expansion of its dealer network to include Alta Equipment Group.
• Methode Electronics, Inc. shares rose 29.4% to $12.22 after the company reported better-than-expected fourth-quarter sales results.
• QuantumScape Corporation gained 25% to $6.76 after the company announced it entered into an agreement with PowerCo to industrialize solid-state batteries.
• Terns Pharmaceuticals, Inc. jumped 18.2% to $8.63.
• SoundHound AI, Inc. rose 16.7% to $5.92. SoundHound AI recently announced that its ChatGPT-integrated voice assistant is now live and in production in Peugeot, Opel and Vauxhall vehicle brands in Europe.
• LL Flooring Holdings, Inc. jumped 15.4% to $0.7850.
• Astrana Health, Inc. gained 11.2% to $42.47. Truist Securities analyst Jailendra Singh upgraded Astrana Health from Hold to Buy and raised the price target from $44 to $50.
• IGM Biosciences, Inc. shares rose 10.8% to $7.76.
• Ribbon Communications Inc. climbed 10.8% to $3.60 after Rosenblatt initiated coverage on the stock with a Buy rating and announced a $5 price target.
• OKYO Pharma Limited gained 10.2% to $1.3003 as the company announced plans to initiate neuropathic corneal pain trial for OK-101.
• Actelis Networks, Inc. shares rose 9.7% to $1.72 after the company announced it received a significant order valued at $260,000 to modernize the traffic systems in a major Mid-Atlantic county in the United States.
• NaaS Technology Inc. N shares gained 8.4% to $5.07 after surging 44% on Wednesday.
• Lantheus Holdings, Inc. rose 8.2% to $114.89. Leerink Partners maintained Lantheus with an Outperform and raised the price target from $106 to $127.
• MicroStrategy Incorporated rose 8% to $1,410.01 after the company announced a 10-for-1 stock split.
• Virpax Pharmaceuticals, Inc. rose 7.6% to $1.8307.
• Pool Corporation gained 6.6% to $318.49.

Losers

• Inspire Veterinary Partners, Inc. I dipped 28.1% to $5.32 after jumping 110% on Wednesday. Inspire Veterinary Partners announced the closing of $6 million public offering.
• Cingulate Inc. fell 25% to $0.4862 after gaining 74% on Wednesday.
• Crown LNG Holdings Limited C dipped 18.6% to $2.5102.
• Telesis Bio, Inc. T declined 18.2% to $3.5736.
• Boqii Holding Limited dipped 17.6% to $0.4271.
• TuanChe Limited shares fell 17.5% to $1.5996.
• Clene Inc. fell 15.7% to $4.7350. Clene announced plans to submit briefing book to the U.S. FDA in connection with granted Type C interaction to obtain FDA feedback on potential pathway to accelerated approval for CNM-Au8 in ALS.
• E2open Parent Holdings, Inc. declined 15.7% to $3.72 after the company reported worse-than-expected first-quarter sales results.
• uniQure N.V. dipped 14.2% to $8.68. The company recently announced updated interim data including up to 24 months of follow-up data from 29 treated patients enrolled in the ongoing U.S. and European Phase I/II clinical trials of AMT-130 for the treatment of
• Longeveron Inc. L shares fell 9.4% to $4.1191. Longeveron shares jumped over 58% on Wednesday after the company announced that the FDA granted Regenerative Medicine Advanced Therapy designation to Lomecel-B for the treatment of mild Alzheimer’s Disease.
• ZIM Integrated Shipping Services Ltd. dipped 9% to $18.06.
• Innovative Eyewear, Inc. fell 8% to $0.4210 after gaining over 20% on Wednesday.
• BRC Inc. fell 7.7% to $4.9850.
• Delta Air Lines, Inc. fell 7.1% to $43.56 after the company posted downbeat second-quarter earnings and issued lower-than-expected third-quarter earnings outlook.
• American Airlines Group Inc. declined 6.2% to $10.45 in sympathy with Delta, which fell after reporting mixed quarterly earnings.
• United Airlines Holdings, Inc. fell 5.5% to $44.58 in sympathy with Delta, which fell after reporting mixed quarterly earnings.
• Celestica Inc. fell 5.4% to $58.18. Celestica is expected to release second quarter financial results on Wednesday, July 24.

Now Read This:

• Jim Cramer Says ‘Don’t Panic’ About Cava, Calls This Industrial Company ‘Terrific‘

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

U.S. stocks traded slightly higher this morning, with the Dow Jones index gaining around 0.1% on Thursday.

Following the market opening Thursday, the Dow traded up 0.06% to 39,745.57 while the NASDAQ rose 0.08% to 18,661.87. The S&P 500 also rose, gaining, 0.04% to 5,636.44.

Check This Out: Top 4 Real Estate Stocks That Could Lead To Your Biggest Gains In Q3

Leading and Lagging Sectors

Materials shares jumped by 1.2% on Thursday.

In trading on Thursday, financials shares fell by 0.1%.

Top Headline

The Consumer Price Index in the United States slowed more than expected in June. Headline CPI inflation slowed from 3.3% in May 2024 to 3% in June 2024 on a year-over-year basis, below the 3.1% expected among economists, as tracked by TradingEconomics.

On a monthly basis, inflation contracted by 0.1% compared to May 2024, decelerating from the previous flat reading and marking the lowest print since May 2020.

Equities Trading UP

• Biodexa Pharmaceuticals Plc shares shot up 101% to $1.43 after the company reported 12-month Phase 2 trial results for eRapa in treating Familial Adenomatous Polyposis.
• Shares of Volcon, Inc. V got a boost, surging 84% to $6.72 in response to a series of buy-sell transactions by UBS Group AG .
• Kazia Therapeutics Limited shares were also up, gaining 62% to $1.1000. Kazia Therapeutics, on Wednesday, announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of care for patients with glioblastoma.

Equities Trading DOWN

• TuanChe Limited shares dropped 20% to $1.54.
• Shares of Inspire Veterinary Partners, Inc. I were down 23% to $5.70 after jumping 110% on Wednesday. Inspire Veterinary Partners announced the closing of $6 million public offering.
• Cingulate Inc. was down, falling 19% to $0.5276 after gaining 74% on Wednesday.

Also Check This Out: How To Earn $500 A Month From JPMorgan Chase Stock Ahead Of Q2 Earnings Report

Commodities

In commodity news, oil traded up 0.3% to $82.34 while gold traded up 0.3% at $2,387.50.

Silver traded up 0.72% to $31.245 on Thursday, while copper fell 0.7% to $4.5750.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.2%, Germany's DAX gained 0.1% and France's CAC 40 rose 0.2%. Spain's IBEX 35 Index rose 0.2%, while London's FTSE 100 rose 0.2%.

The UK’s trade deficit narrowed to £4.89 billion in May versus a revised £6.42 billion in the previous month, while British economy grew by 0.4% month-over-month in May. Industrial production in the UK increased 0.2% month-over-month for May. Annual inflation rate in Germany eased to 2.2% in June from 2.4% in the prior month.

Asia Pacific Markets

Asian markets closed mostly higher on Thursday, with Japan's Nikkei gaining 0.94%, Hong Kong's Hang Seng Index jumping 2.06%, China's Shanghai Composite Index climbing 1.06% and India's S&P BSE Sensex falling 0.03%.

Japanese core machinery orders declined 3.2% month-over-month to 857.8 billion yen during May versus a 2.9% decline in April.

Economics

• The Consumer Price Index in the United States slowed more than expected in June. Headline CPI inflation slowed from 3.3% in May 2024 to 3% in June 2024 on a year-over-year basis, below the 3.1% expected among economists, as tracked by TradingEconomics.
• On a monthly basis, inflation contracted by 0.1% compared to May 2024, decelerating from the previous flat reading and marking the lowest print since May 2020.
• U.S. initial jobless claims declined by 17,000 to 222,000 in the week ending July 6, compared to market estimates of 236,000.

Now Read This:

• Wall Street’s Most Accurate Analysts Give Their Take On 3 Defensive Stocks With Over 3% Dividend Yields

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Pre-market stock movers are a hot topic on Thursday and we have breakdowns of all the latest news sending shares higher and lower this morning!

Moving stocks this morning are share sales, a new order, a closed public offering and more.

Let’s get into that news below!

Biggest Pre-Market Stock Movers: 10 Top Gainers

• Blue Star Foods B stock is rocketing more than 67% alongside heavy pre-market trading.
• Volcon V shares are surging over 67% after UBS Group AG bought and sold shares.
• CNS Pharmaceuticals C stock is soaring more than 51% alongside strong early morning trading.
• MingZhu Logistics Y shares are gaining over 42% with strong pre-market trading today.
• Actelis Networks stock is heading more than 30% higher on a traffic system order.
• Phoenix Motor shares are increasing over 18% despite a lack of news this morning.
• Kazia Therapeutics stock is climbing more than 17% as it continues a recent rally.
• Salarius Pharmaceuticals S shares are rising close to 16% with heavy early morning trading.
• Staffing 360 Solutions S stock is jumping over 13% on Thursday without any clear news.
• Naas Technology N shares are up 13% as part of an ongoing rally.

10 Top Losers

• TuanChe stock is plummeting more than 33% without any apparent news this morning.
• Warrantee shares are diving over 27% on Thursday.
• Inspire Veterinary I stock is tumbling more than 26% after closing a public offering.
• Quhuo shares are taking an over 19% beating after a recent rally.
• Cingulate stock is sliding more than 18% following a surprise rally yesterday.
• Next Technology shares are dropping over 16% on Thursday morning.
• Janover stock is decreasing more than 15% after climbing higher yesterday.
• Zapp Electric Vehicles Z shares are slipping over 14% as it continues to retreat.
• Telesis Bio T stock is dipping nearly 14% after a similar rise yesterday.
• SAI.TECH Global shares close out our pre-market stock movers down more than 13% following a rally yesterday.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

More from InvestorPlace

• The Colossal Elon Musk Venture Investors Can’t Afford To Miss
• [Weekly Roundup] Paper Is Hardly Scarce… and That’s Why Gold Beats It
• Take Profits in Apple Stock Before AI Hype Runs Its Course

Shares of WD-40 Company rose sharply in today's pre-market trading after the company posted stronger-than-expected results for its third quarter on Wednesday.

Quarterly sales came in at $155 million which beat the analyst consensus estimate of $145.8 million. WD-40 reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.27 per share, according to data from Benzinga Pro.

WD-40 shares jumped 12.5% to $247.20 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

• Volcon, Inc. V rose 65.8% to $6.05 in pre-market trading after declining over 6% on Wednesday.
• Actelis Networks, Inc. shares rose 47.7% to $2.32 in pre-market trading after the company announced it received a significant order valued at $260,000 to modernize the traffic systems in a major Mid-Atlantic county in the United States.
• MingZhu Logistics Holdings Limited Y gained 45.1% to $2.38 in pre-market trading after surging over 12% on Wednesday.
• Blue Star Foods Corp. B shares rose 28% to $2.15 in pre-market trading after declining around 5% on Wednesday.
• Kazia Therapeutics Limited shares climbed 26.8% to $0.8478 in pre-market trading. Kazia Therapeutics shares jumped 248% on Wednesday after the company announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of care for patients with glioblastoma.
• Castellum, Inc. rose 15.8% to $0.2316 in pre-market trading. On Wednesday, Castellum said it retired its term loan with Live Oak Banking Company ahead of schedule.
• Novo Integrated Sciences, Inc. gained 14.9% to $0.5885 in pre-market trading after gaining over 5% on Wednesday.
• NaaS Technology Inc. N shares gained 14.3% to $5.35 in pre-market trading after surging 44% on Wednesday.
• PriceSmart, Inc. rose 5.1% to $82.32 in pre-market trading as the company reported better-than-expected results for its third quarter on Wednesday. The company posted quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 per share.

Losers

• Inspire Veterinary Partners, Inc. I shares fell 22.6% to $5.73 in pre-market trading after the jumping 110% on Wednesday. Inspire Veterinary Partners announced the closing of $6 million public offering.
• Virpax Pharmaceuticals, Inc. shares declined 14.7% to $1.45 in pre-market trading. Virpax Pharmaceuticals shares jumped over 46% on Wednesday after the company announced results for a Swine Model pilot study for Probudur.
• Longeveron Inc. L shares fell 14.3% to $3.90 in pre-market trading. Longeveron shares jumped over 58% on Wednesday after the company announced that the FDA granted Regenerative Medicine Advanced Therapy designation to Lomecel-B for the treatment of mild Alzheimer’s Disease.
• Cingulate Inc. shares fell 14.1% to $0.5571 in pre-market trading after gaining 74% on Wednesday.
• Zapp Electric Vehicles Group Limited Z fell 13.8% to $8.06 in pre-market trading after dipping around 48% on Wednesday.
• Innovative Eyewear, Inc. fell 11.4% to $0.4066 in pre-market trading after gaining over 20% on Wednesday.
• Scisparc Ltd shares fell 10.7% to $0.60 in pre-market trading. SciSparc recently signed a non-binding letter of intent to spin off its clinical-stage pharmaceutical portfolio and its equity stake in SciSparc Nutraceuticals.
• SAI.TECH Global Corporation shares dipped 7% to $1.07 in pre-market trading after jumping more than 28% on Wednesday.
• Newegg Commerce Inc shares fell 9.1% to $1.00 in pre-market trading after declining 5% on Wednesday. Newegg Commerce, on Monday, announced that the presale for its tenth annual FantasTech Sales event is now live.
• LiveWire Group, Inc. shares declined 6.8% to $7.00 in pre-market trading. LiveWire Group is expected to release its second quarter financial results before the opening bell Thursday, July 25.

Now Read This:

• S&P 500 Settles Above 5,600 For First Time Ahead Of Inflation Data, Fear Index Moves To ‘Greed’ Zone

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.