Why Despegar.com Shares Are Trading Higher By Over 16%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Shares of Despegar.com, Corp. DESP rose sharply during Wednesday’s session after the company raised its FY23 financial guidance.

The company said it now sees revenue of $690 million to $700 million, versus previous forecast of $670 million to $700 million.

Despegar.com shares gained 16.4% to $9.90 on Wednesday.

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

Gainers

• Shattuck Labs, Inc. STTK jumped 127.5% to $4.80 after the company announced initial topline dose-expansion data from its ongoing Phase 1A/B clinical trial of SL-172154 in combination with AZA in frontline HR-MDS and TP53m AML patients.
• ReShape Lifesciences Inc. RSLS shares gained 63.8% to $0.4110 after the company announced it received FDA PMA supplement approval for its next-generation Lap-Band 2.0 FLEX.
• C4 Therapeutics, Inc. CCCC shares jumped 59% to $3.7199 after the company announced data from the CFT7455 Phase 1 trial in relapsed/refractory multiple myeloma. Following the update, Stifel analyst Bradley Canino upgraded C4 Therapeutics from Hold to Buy and raised the price target from $2 to $12.
• RiskOn International, Inc. ROI shares gained 38.3% to $0.2016 after declining 9% on Tuesday.
• Innovative International Acquisition Corp. IOAC shares rose 36% to $11.66.
• NextPlay Technologies, Inc. NXTP shares gained 26% to $1.1708 after surging 29% on Tuesday.
• Nephros, Inc. NEPH rose 23% to $3.16.
• SciSparc Ltd. SPRC gained 21.7% to $5.95 after the company announced results for MitoCareX Bio with its drug discovery platform.
• Eos Energy Enterprises, Inc. EOSE rose 21% to $1.35. Eos Energy and Pine Gate Renewables announced partnership expansion with a minimum additional volume Of 500MWH.
• Photronics, Inc. PLAB gained 18.7% to $25.66 following fourth-quarter results.
• Mynaric AG MYNA shares surged 18.2% to $5.66 after the company received a $33 million order from Northrop Grumman.
• QuantaSing Group Limited QSG rose 17.2% to $2.4380 following first-quarter results.
• Professional Diversity Network, Inc. IPDN gained 16% to $2.8899.
• Aurora Mobile Limited JG shares gained 14% to $2.8254. Aurora Mobile said its subsidiary Wuhan SendCloud Technology Co., Ltd. has entered into a strategic partnership with Beijing Muhua Information Technology Co., Ltd.
• ABM Industries Incorporated ABM surged 13.6% to $50.38 after the company reported better-than-expected fourth-quarter financial results and issued guidance.
• LQR House Inc. LQR rose 9.5% to $1.4126. LQR House announced its new marketing campaign for Soda Jerk.
• Vertex Pharmaceuticals Incorporated VRTX gained 7.4% to $384.03 after the company announced results from its Phase 2 study of VX-548 for the treatment of painful diabetic peripheral neuropathy.
• REV Group, Inc. REVG gained 7.3% to $18.31 following upbeat quarterly results.
• Cal-Maine Foods, Inc. CALM rose 6.3% to $51.96. Cal-Maine has temporarily ceased production at a facility in Kansas following an outbreak of avian influenza at the site.
• Take-Two Interactive Software, Inc. TTWO shares rose 3.5% to $162.64. Take-Two will be added to the Nasdaq-100 Index, effective prior to market open on Monday, Dec. 18, 2023.

Losers

• Hywin Holdings Ltd. HYW shares fell 46.6% to $3.0001.
• Boqii Holding Limited BQ declined 33.3% to $0.6670.
• Processa Pharmaceuticals, Inc. PCSA fell 32.2% to $0.5497 as the company announced outcomes from meeting with the FDA regarding the company's next Phase 2 study supporting the advancement of next generation capecitabine for cancer patients.
• Loop Media, Inc. LPTV fell 28.3% to $0.9246 following fourth-quarter results.
• TC Biopharm (Holdings) Plc TCBP declined 27% to $0.1415. TC BioPharm announced plan to implement ADS ratio change.
• SRIVARU Holding Limited SVMH fell 25.5% to $0.3051.
• Wheeler Real Estate Investment Trust, Inc. WHLR fell 24.6% to $0.2637.
• Green Giant Inc. GGE fell 18.8% to $0.0690. Green Giant recently announced pricing of its public offering.
• WANG & LEE GROUP, Inc. WLGS fell 16.2% to $0.46 after gaining 7% on Tuesday.
• Blackboxstocks Inc. BLBX fell 15.8% to $3.24. Blackboxstocks announced it executed a definitive agreement to acquire Evtec Aluminium Limited.
• IN8bio, Inc. INAB shares fell 10.8% to $1.46 after jumping 28% on Tuesday. IN8bio recently announced updated data from its Phase 1 investigator-sponsored trial of INB-100 in patients with hematologic malignancies.
• Target Hospitality Corp. TH declined 11% to $9.74 as the company lowered its FY23 guidance.
• Medifast, Inc. MED fell 9% to $68.66. LifeMD announced a strategic alliance with Medifast to offer transformative weight management solution.
• Pfizer Inc. PFE declined 8.8% to $26.07 after the company provided FY24 guidance.
• JetBlue Airways Corporation JBLU fell 6.2% to $5.20.
• Southwest Airlines Co. LUV fell 6% to $28.51. Southwest Airlines sees fourth-quarter unit revenues to be down 9%-10% vs. prior view of down 9%-11%.

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