Why United Natural Foods Shares Are Trading Lower By 15%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Shares of United Natural Foods, Inc. UNFI fell sharply during Wednesday’s session following second-quarter results.

United Natural Foods posted adjusted earnings of 7 cents per share, compared to market estimates for a loss of 1 cent per share. The company’s quarterly sales came in at $7.78 billion, versus expectations of $7.87 billion, according to data from Benzinga Pro.

United Natural Foods named Giorgio Matteo Tarditi as President and Chief Financial Officer.

United Natural Foods shares dipped 15.2% to $12.61 on Wednesday.

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

Gainers

• Rail Vision Ltd. RVSN shares jumped 115.2% to $4.24. Rail Vision announced first commercial installation of its AI-driven main line systems in a national railways line.
• Aptorum Group Limited APM shares climbed 90.1% to $3.1750. Aptorum Group announced an agreement and plan of merger with YOOV Group Holding Ltd and a split-off agreement to separate its legacy business.
• NKGen Biotech, Inc. NKGN gained 46.5% to $1.35.
• TRxADE HEALTH, Inc. MEDS rose 39.2% to $11.19 after the company announced a special cash dividend of $8 per share.
• Airship AI Holdings, Inc. AISP shares climbed 37.8% to $6.82. Airship AI Holdings shares jumped 200% on Tuesday after the company announced that it has been awarded a contract with the Department of Justice for its Acropolis Enterprise Sensor Management video and data management platform.
• Enviva Inc. EVA rose 33% to $0.9854 after gaining 42% on Tuesday.
• American Public Education, Inc. APEI gained 31.8% to $14.99 following upbeat quarterly results.
• Dada Nexus Limited DADA climbed 30.6% to $2.5740. Dada Nexus said certain revenues and associated costs were overstated in past financial statements.
• Cemtrex, Inc. CETX gained 30% to $4.4361. Cemtrex announced beta release of pioneering AI gun detection feature.
• Wave Life Sciences Ltd. WVE gained 28.5% to $6.16 following upbeat quarterly results.
• Vincerx Pharma, Inc. VINC shares gained 24.5% to $6.89. Vincerx will present three posters at the American Association for Cancer Research (AACR) Annual Meeting 2024.
• XORTX Therapeutics Inc. XRTX rose 24.2% to $5.85.
• CareMax, Inc. CMAX gained 23.8% to $14.72.
• Lantern Pharma Inc. LTRN gained 22.6% to $5.90.
• Energem Corp. ENCP rose 22.4% to $8.31. Energem’s merger partner recently said it accelerated the timeline for its planned manufacturing plant in Malaysia.
• Cerus Corporation CERS gained 22.4% to $2.4350 after the company reported better-than-expected fourth-quarter GAAP EPS results.
• Infobird Co., Ltd IFBD jumped 22.4% to $6.40.
• Genprex, Inc. GNPX rose 22.1% to $5.03.
• BeyondSpring Inc. BYSI gained 21% to $3.5098.
• Crexendo, Inc. CXDO surged 20% to $6.43 following upbeat quarterly results.
• CrowdStrike Holdings, Inc. CRWD shares gained 17.2% to $348.73 after the company reported better-than-expected fourth-quarter earnings and revenues and issued upbeat guidance for FY25.
• Fulcrum Therapeutics, Inc. FULC rose 17.2% to $12.85.
• JD.com, Inc. JD gained 17% to $25.08 after the company reported fourth-quarter results above estimates, a new buyback approval and annual cash dividend.
• Hippo Holdings Inc. HIPO rose 14.6% to $16.58 after the company reported better-than-expected fourth-quarter financial results.
• Root, Inc. ROOT rose 13.7% to $44.46.
• Super Group (SGHC) Limited SGHC surged 10.1% to $3.4350 following fourth-quarter results.
• Infinera Corporation INFN gained 10% to $5.66. Infinera announced availability of next generation multi-haul optical line system functionality for industry-leading GX series platform.
• MicroStrategy Incorporated MSTR gained 10% to $1,156.87. MicroStrategy shares fell over 21% on Tuesday after the company announced a proposed private offering of $600 million of convertible senior notes.
• Lyft, Inc. LYFT gained 9.4% to $18.45.
• Couchbase, Inc. BASE shares rose 9.2% to $29.37 after the company reported upbeat fourth-quarter sales and issued upbeat revenue guidance for the first quarter.
• NIO Inc. NIO gained 5.9% to $5.80. On Tuesday, NIO reported fourth-quarter revenue of 17.10 billion yuan ($2.41 billion), up by 6.5% year-over-year and down by 10.3% from the previous quarter.

Losers

• Entravision Communications Corporation EVC shares fell 51.1% to $1.7450 after the company received communication from Meta indicating its intention to wind down its ASP program globally, ending its relationship with all ASPs, including Entravision, by July 1. The ASP program represented a large portion of Entravision's total consolidated revenue.
• Neptune Wellness Solutions Inc. NEPT fell 46.4% to $0.20. Neptune announced decision of Nasdaq Hearings Panel to delist common shares.
• bioAffinity Technologies, Inc. BIAF fell 45% to $1.6499 after the company announced pricing of a $2.5 million registered direct offering and a concurrent private placement.
• Ocean Biomedical, Inc. OCEA fell 30.5% to $3.6550
• Heart Test Laboratories, Inc. HSCS fell 29% to $0.1272. HeartSciences announced Canada patent grant covering MyoVista Wavelet Technology.
• Jaguar Health, Inc. JAGX shares fell 26.7% to $0.0924 after dipping around 12% on Tuesday.
• Sunshine Biopharma, Inc. SBFM dipped 25.8% to $0.0620.
• Affimed N.V. AFMD fell 22.3% to $0.52 after the company announced a 1-for-10 reverse stock split.
• Phunware, Inc. PHUN shares fell 21.8% to $11.49. Phunware shares jumped over 18% on Tuesday amid volatility in Trump-related stocks after Donald Trump won the North Dakota Caucus.
• PureCycle Technologies, Inc. PCT dipped 16.7% to $4.71 as the company announced a corporate update for the fourth quarter and fiscal year ending Dec. 31, 2023.
• Nordstrom, Inc. JWN declined 14.6% to $17.83 after the company issued soft FY24 EPS guidance.
• Momentus Inc. MNTS shares fell 13.2% to $0.6510. Momentus recently received a flight and payload integration services contract from NASA. In another development, Momentus entered into a securities purchase agreement with a single U.S. institutional investor for the purchase and sale of 4.62 million shares of common stock at a purchase price of $0.865 per share and warrant pursuant to a registered direct offering, resulting in total gross proceeds of approximately $4.0 million.
• Grifols, S.A. GRFS fell 13.1% to $5.36 after declining around 7% on Tuesday.
• THOR Industries, Inc. THO dipped 11.4% to $112.19 after the company reported a year-over-year decrease in second-quarter financial results and cut FY24 guidance below estimates.
• TTEC Holdings, Inc. TTEC fell 10.2% to $11.16 after Canaccord Genuity downgraded the stock from Buy to Hold and lowered its price target from $30 to $13.
• Dave Inc. DAVE fell 10% to $32.40. On Tuesday, Dave reported a year-over-year increase in fourth-quarter revenue results.
• Brown-Forman Corporation (NYSE: BF-B) fell 9.8% to $54.82 after the company reported worse-than-expected third-quarter revenue guidance. Also, the company expects its FY24 organic net sales to be flat.
• SOPHiA GENETICS SA SOPH shares declined 9.8% to $5.05. Sophia Genetics recently reported worse than expected fourth-quarter earnings and issued 2024 guidance.
• Xerox Holdings Corporation XRX fell 9.6% to $16.99 after the company announced a proposed convertible notes offering.
• TAL Education Group TAL declined 8.9% to $12.02.
• Valley National Bancorp VLY dipped 8.5% to $7.20.

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