Why Humana Shares Are Trading Lower By Over 11%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Shares of Humana Inc. HUM fell sharply during Thursday’s session after the company reported fourth-quarter FY23 earnings and issued 2024 guidance.

The company reported a Q4 adjusted loss of 11 cents per share, a turnaround from EPS income of $1.97 per share a year ago, missing the consensus for a loss of 5 cents per share. The insurer reported adjusted revenue of $25.73 billion, compared to $21.30 billion a year ago and the consensus of $25.55 billion.

Humana shares dipped 11.3% to $356.93 on Thursday.

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

Gainers

• Onconetix, Inc. ONCO shares surged 137% to $0.3519 after falling over 4% on Wednesday.
• Processa Pharmaceuticals, Inc. PCSA gained 97% to $4.0527 after the company announced the completion of the safety tolerability evaluation in its Phase 1b trial of Next Generation Capecitabine.
• Enviva Inc. EVA climbed 47.4% to $0.5239.
• Vera Therapeutics, Inc. VERA shares jumped 46% to $24.84 after the company announced 72-week data from the OLE period of its Phase 2b ORIGIN clinical trial. Also, Oppenheimer initiated coverage on the stock with an Outperform rating and announced a $26 price target.
• Rail Vision Ltd. RVSN gained 43.8% to $7.78. Foresight's affiliate Rail Vision's Main Line System secured EU Railway Standards approval and certifications.
• LAVA Therapeutics N.V. LVTX rose 37.4% to $2.13 after the company announced a clinical trial collaboration and supply agreement with Merck & Co. to evaluate LAVA-1207 in combination with KEYTRUDA.
• Acutus Medical, Inc. AFIB shares climbed 30.6% to $0.29. Acutus Medical has been granted European patent number EP3043701 titled "Devices and Methods for Determination of Electrical Dipole Densities on a Cardiac Surface (And Methods for Diagnosing Tissue Health)."
• Prairie Operating Co. PROP gained 28.8% to $8.17.
• American Superconductor Corporation AMSC shares climbed 28.4% to $12.52 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.
• CCSC Technology International Holdings Limited CCTG rose 26.6% to $18.82.
• Clearmind Medicine Inc. CMND gained 25.8% to $1.4601.
• Cyngn Inc. CYN gained 23.3% to $0.2256 after the company disclosed a strategic shift to Nvidia AI computers that will transform the technology powering its fleet of DriveMod autonomous industrial vehicles.
• Richtech Robotics Inc. RR rose 21.3% to $9.10. Richtech Robotics signed a Letter of Intent with Ghost Kitchens International.
• AlTi Global, Inc. ALTI surged 20.8% to $6.82 after Raymond James upgraded the stock from Market Perform to Strong Buy and announced a $9 price target.
• C3is Inc. CISS jumped 19.1% to $0.1579. Aegis Capital Corp. acted as sole bookrunner on an upsized $7.0 million underwritten public offering for C3is.
• Hut 8 Corp. HUT climbed 14.7% to $7.28.
• Charge Enterprises, Inc. CRGE rose 13.6% to $0.1672 following a 6% decline on Wednesday.
• Biomea Fusion, Inc. BMEA gained 12.8% to $16.92
• United Rentals, Inc. URI gained 12.7% to $649.95 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.
• Alpine Immune Sciences, Inc. ALPN jumped 12.4% to $20.88
• Nokia Oyj NOK gained 12.3% to $3.8299 after the company reported fourth-quarter financial results.
• Xerox Holdings Corporation XRX gained 12.3% to $18.47 following quarterly results.
• ADT Inc. ADT gained 10.2% to $6.81 after the company announced it will exit its residential solar business. The company also said it would increase its dividend and authorize a $350 million share repurchase program.
• International Business Machines Corporation IBM shares gained 9.9% to $191.19 as the company reported reported stronger-than-expected results for its fourth quarter.
• American Airlines Group Inc. AAL jumped 9.6% to $15.27 after the company reported better-than-expected fourth-quarter results.
• NextEra Energy Partners, LP NEP climbed 9.3% to $29.35 after the company reported quarterly financial results.
• W. R. Berkley Corporation WRB gained 7.2% to $83.30 after the company reported better-than-expected quarterly financial results.
• TAL Education Group TAL gained 6.5% to $12.03 following a third-quarter revenue beat. Additionally, JP Morgan upgraded the stock to Overweight.
• Alaska Air Group, Inc. ALK rose 5.1% to $37.63 following upbeat earnings.

Losers

• RedHill Biopharma Ltd. RDHL shares dropped 44.4% to $0.6009 after the company announced an $8 million registered direct offering.
• VS MEDIA Holdings Limited VSME shares fell 22.1% to $0.5049 after jumping around 98% on Wednesday.
• Columbia Banking System, Inc. COLB fell 21.9% to $19.98 after the company reported worse-than-expected fourth-quarter financial results.
• Polished.com Inc. POL fell 21.8% to $3.71.
• Akoustis Technologies, Inc. AKTS shares fell 21.8% to $0.5508 after the company announced pricing of a public offering of $10 million of common stock.
• MarineMax, Inc. HZO dipped 19.9% to $26.61 after the company reported worse-than-expected first-quarter adjusted EPS results and issued FY24 adjusted EPS guidance below estimates.
• Marpai, Inc. MRAI fell 17.3% to $1.43.
• Inseego Corp. INSG fell 16.6% to $2.0362.
• Concentrix Corporation CNXC fell 16.2% to $87.10 after the company issued first-quarter and FY24 guidance below consensus estimates.
• Immix Biopharma, Inc. IMMX declined 16.2% to $3.92.
• Tesla, Inc. TSLA shares fell 13.1% to $180.61 after the company reported downbeat earnings and sales results for its fourth quarter.
• Rackspace Technology, Inc. RXT fell 12.8% to $1.6750.
• ESSA Pharma Inc. EPIX fell 11.2% to $7.81. ESSA Pharma presented updated Phase 1 masofaniten clinical data at the 2024 ASCO Genitourinary Cancers Symposium.
• Phunware, Inc. PHUN declined 11.1% to $0.3075 after dipping around 20% on Wednesday.
• Virtu Financial, Inc. VIRT fell 9.6% to $17.35 after the company reported worse-than-expected fourth-quarter financial results.
• Old Republic International Corporation ORI fell 9.6% to $27.43 as the company reported worse-than-expected fourth-quarter results.
• Carpenter Technology Corporation CRS fell 7.4% to $61.08 following mixed quarterly earnings.
• Marine Products Corporation MPX declined 7% to $ 10.27 following fourth-quarter results.
• ATI Inc. ATI fell 6.4% to $40.18.
• Hexcel Corporation HXL shares declined 6.4% to $66.98 after reporting weak quarterly results.
• LG Display Co., Ltd. LPL shares fell 3% to $4.5250 after the company reported fourth-quarter financial results.

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