Why Comtech Telecommunications Shares Are Trading Lower By Over 16%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Shares of Comtech Telecommunications Corp. CMTL moved lower during Friday’s session following weak quarterly earnings.

Comtech Telecom posted adjusted earnings of 24 cents per share, missing market estimates of 26 cents per share. The company’s quarterly sales came in at $151.91 million versus expectations of $151.87 million.

Comtech Telecommunications shares fell 16.4% to $10.45 on Friday.

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

Gainers

• Intensity Therapeutics, Inc. INTS shares jumped 149.2% to $10.32. Intensity Therapeutics presented INT230-6 data in early-stage breast cancer patients.
• MBIA Inc. MBI shares climbed 63.8% to $12.09 after the company announced it declared an extraordinary cash dividend on MBIA common stock of $8.00 per share.
• ALX Oncology Holdings Inc. ALXO gained 35.7% to $12.56. Jefferies upgraded ALX Oncology Holdings from Hold to Buy and raised the price target from $8 to $18.
• VerifyMe, Inc. VRME gained 27% to $1.29. VerifyMe’s board approved share repurchase program of up to $500,000.
• Exicure, Inc. XCUR shares rose 23.2% to $0.5297 after gaining more than 5% on Thursday.
• Torrid Holdings Inc. CURV gained 22.3% to $5.07 after the company reported better-than-expected third-quarter financial results and issued FY23 revenue guidance above estimates.
• QuantaSing Group Limited QSG surged 21.5% to $2.3201.
• Loop Media, Inc. LPTV climbed 20.4% to $1.00.
• Volato Group, Inc. SOAR rose 20.4% to $6.80.
• Virco Mfg. Corporation VIRC jumped 18.2% to $8.28 following third-quarter results.
• MicroAlgo Inc. MLGO rose 15% to $2.36.
• Bitfarms Ltd. BITF gained 15% to $2.46
• Hello Group Inc. MOMO gained 14.8% to $7.54 after reporting results for the third quarter.
• Paramount Global PARA rose 13.8% to $17.11.
• Arvinas, Inc. ARVN jumped 12.8% to $36.88. Arvinas and Pfizer recently announced interim data from the Phase 1b trial of Vepdegestrant in combination with Palbociclib.
• Axos Financial, Inc. AX gained 12.2% to $50.15. Axos closed purchase of two loan portfolios from the FDIC.
• Eneti Inc. NETI rose 10.3% to $10.83. Cadeler A/S and Eneti announced extension of share exchange offer for all outstanding shares of common stock of Eneti Inc. to Dec. 14, 2023.
• Warner Bros. Discovery, Inc. WBD gained 7.6% to $11.65.
• Upstart Holdings, Inc. UPST gained 7.2% to $36.29.
• Lululemon Athletica Inc. LULU shares gained 4.1% to $483.58. Lululemon reported upbeat results for its third quarter but issued a weak sales outlook for the current quarter.

Losers

• Cyngn Inc. CYN shares fell 48.4% to $0.2065 after the company announced pricing of $5 million public offering of common stock of 33,333,333 shares at $0.15 per share.
• African Agriculture Holdings Inc. AAGR shares declined 33.6% to $3.00.
• Golden Heaven Group Holdings Ltd. GDHG fell 33.6% to $1.54. Golden Heaven Group shares dipped 89% on Thursday after the company announced that it intends to enter into an operating lease framework agreement with a top-tier Chinese amusement group.
• Biomea Fusion, Inc. BMEA fell 24.4% to $11.36. Biomea Fusion presented long-term follow-up data showing improved glycemic control after 22 weeks off treatment in ongoing Phase II study of BMF-219 in adults with Type 2 diabetes in poster presentation at WCIRDC.
• Applied UV, Inc. AUVI fell 21.6% to $0.0855. Applied UV announced a 1-for-25 reverse stock split.
• HashiCorp, Inc. HCP shares fell 21% to $19.68 after the company reported third-quarter financial results.
• Veradigm Inc. MDRX fell 19.8% to $10.10. Veradigm named Greg Garrison as Executive Chairman.
• Neptune Wellness Solutions Inc. NEPT dipped 17.8% to $0.3895.
• Avid Bioservices, Inc. CDMO shares fell 17.8% to $4.35 after the company reported weak quarterly results.
• Delta Apparel, Inc. DLA dipped 17.1% to $7.35 following fourth-quarter results.
• RH RH fell 13.4% to $243.49. RH posted an unexpected loss for its third quarter, while sales missed estimates.
• Adecoagro S.A. AGRO declined 13% to $10.43. JP Morgan downgraded Adecoagro from Neutral to Underweight and lowered the price target from $11.5 to $10.5.
• Johnson Outdoors Inc. JOUT dipped 12.5% to $47.65 after the company reported worse-than-expected fourth-quarter financial results.
• Solid Biosciences Inc. SLDB shares fell 10.1% to $5.18 after surging 68% on Thursday. The company announced that it received Fast Track Designation from the U.S. Food and Drug Administration (FDA) for its next-generation Duchenne muscular dystrophy gene therapy candidate known as SGT-003.
• Madrigal Pharmaceuticals, Inc. MDGL dipped 10% to $211.99.
• Troika Media Group, Inc. TRKA shares fell 9.7% to $0.4850. Troika Media Group shares fell around 72% on Thursday after the company announced it filed for Chapter 11.
• MINISO Group Holding Limited MNSO declined 6.2% to $19.69.
• Gates Industrial Corporation plc GTES shares fell 5% to $11.64 as the company announced pricing of secondary offering of 15,000,000 ordinary shares.
• GDS Holdings Limited GDS fell 4.4% to $8.82. GDS secured a syndicated green financing facility of MYR1.27 billion to complete the next phase of Nusajaya Tech Park Data Center Campus development.

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