Why Science Applications International Shares Are Trading Lower By Over 10%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Shares of Science Applications International Corporation SAIC fell sharply during Monday’s session after the company reported financial fourth-quarter EPS below estimates.

SAIC reported a 12% revenue decline Y/Y in the fourth quarter of fiscal 2024 to $1.74 billion, beating the consensus of $1.64 billion. Adjusted EPS of $1.43 was in line with the consensus.

Science Applications International shares dipped 10.7% to $127.29 on Monday.

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

Gainers

• Canoo Inc. GOEV shares surged 95% to $3.77 after the US Department of Commerce has approved its Oklahoma City facility as a Foreign Trade Zone.
• Solidion Technology Inc. STI shares jumped 71.9% to $2.9910 after surging around 34% on Friday. The company, last week, announced the pricing of a $3.85 million private placement.
• Verb Technology Company, Inc. VERB gained 53% to $0.6770, possibly on continued strength after it announced its Market.live launched Facebook and Instagram social shopping technology integration on Friday.
• WaveDancer, Inc. WAVD shares climbed 39.1% to $4.1461. WaveDancer and Firefly Neuroscience each received the requisite stockholder approvals required to consummate the merger between both companies.
• Brand Engagement Network, Inc. BNAI climbed 33.7% to $14.14 after jumping 40% on Friday.
• Wearable Devices Ltd. WLDS climbed 31.6% to $0.5863. Wearable Devices published a report by its XR team suggesting 'The Mudra Band Can Be The Neural Bridge For Apple And Meta In Their Next Wave Of Smart Glasses Interaction.'
• Leafly Holdings, Inc. LFLY rose 30.3% to $2.86.
• Immuneering Corporation IMRX surged 30.3% to $2.49. Immuneering recently announced topline result from the ongoing Phase 1 portion of its Phase 1/2a clinical trial of IMM-1-104 in advanced RAS-mutant solid tumors.
• Nuvei Corp NVEI rose 25.8% to $27.24 after the company said it was evaluating offers to go private.
• Greenwave Technology Solutions, Inc. GWAV surged 25.4% to $0.38.
• Fresh2 Group Limited FRES gained 20.5% to $0.60.
• NuScale Power Corporation SMR rose 21% to $9.50. Canaccord Genuity analyst George Gianarikas maintained NuScale Power with a Buy and raised the price target from $4.25 to $8.
• EHang Holdings Limited EH gained 17% to $17.90 after the company reportedly began selling its EH216-S flying taxi on Taobao.
• AEye, Inc. LIDR gained 16.6% to $1.34. AEye is expected to release its financial results for the fourth quarter after the closing bell on March 26, 2024.
• Aurora Cannabis Inc. ACB rose 16% to $3.69 after surging 10% on Friday.
• Qurate Retail, Inc. QRTEB surged 15.9% to $5.47.
• Latham Group, Inc. SWIM gained 15.7% to $3.32 after Stifel upgraded the stock from Hold to Buy and raised its price target from $3 to $4.
• 2seventy bio, Inc. TSVT climbed 13% to $4.52. The FDA Advisory Committee voted in favor of Bristol Myers Squibb's and 2seventy Bio's Abecma for triple-class exposed multiple myeloma in earlier lines of therapy.
• Global Gas Corporation HGAS shares rose 11.5% to $1.7399 after falling 25% on Friday.
• D-Wave Quantum Inc. QBTS gained 10.6% to $2.3005. D-Wave Quantum said it is expanding its executive team to supercharge both its go-to-market growth strategy and product innovation.
• Tilray Brands, Inc. TLRY surged 9.8% to $1.9001.
• Graphjet Technology Sdn. Bhd. GTI rose 9.3% to $12.90.
• Alphabet Inc. GOOGL gained 6.3% to $150.09 following reports suggesting Apple Inc AAPL is in discussions to integrate Google Gemini into iPhones.

Losers

• Global Mofy Metaverse Limited GMM shares dipped 33.7% to $1.9503.
• Sonder Holdings Inc. SOND fell 33% to $3.68 after the company announced a delay to its fourth quarter and full year 2023 financial results announcement, and issued fourth quarter and full year 2023 preliminary highlights.
• Veritone, Inc. VERI dipped 21.2% to $3.06.
• Worksport Ltd. WKSP fell 20.3% to $0.59 after the company announced pricing of $2.8 million registered direct offering & concurrent private placement.
• ReTo Eco-Solutions, Inc. RETO dipped 20% to $1.56.
• TC Biopharm (Holdings) Plc TCBP declined 19.8% to $1.3469. TCBP announced exercise of Series D warrants for cash.
• Solowin Holdings SWIN dipped 19.1% to $8.90 after reporting unaudited financial results for the first six months of fiscal year 2024.
• XORTX Therapeutics Inc. XRTX declined 15.5% to $4.3750.
• JOANN Inc. JOAN shares fell 15.4% to $0.1949 after the company announced that it entered into an agreement to reduce its debt and receive $132 million in new capital and related financial accommodations.
• CARGO Therapeutics, Inc. CRGX fell 15% to $26.65.
• Chijet Motor Company, Inc. CJET shares tumbled 12.2% to $0.43 after gaining 52% on Friday.
• Legacy Housing Corporation LEGH fell 11.7% to $22.25 after the company reported worse-than-expected fourth-quarter financial results.
• B. Riley Financial, Inc. RILY fell 11.5% to $15.56. B. Riley Financial failed to file its audited results after the end of extension period.
• Getty Images Holdings, Inc. GETY dipped 11.1% to $4.5950. Getty Images recently reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.
• GeneDx Holdings Corp. WGS fell 11.1% to $ 10.68.
• MMTec, Inc. MTC dipped 10.5% to $1.97 after jumping 38% on Friday.
• Summit Therapeutics Inc. SMMT dipped 9.8% to $ 4.1650.
• Nanobiotix S.A. NBTX fell 9.8% to $6.27 after gaining 10% on Friday.
• Li Auto Inc. LI declined 9.7% to $34.11 after gaining around 3% on Friday.
• Shift4 Payments, Inc. FOUR fell 9.2% to $70.37. The company’s CEO Jared Isaacman said bids from potential contenders failed to sufficiently value the firm, according to Bloomberg News.
• Logitech International S.A. LOGI shares fell 8.1% to $87.06 after the company announced the departure of CFO Chuck Boynton and reaffirmed 2024 financial guidance.
• Hertz Global Holdings, Inc. HTZ fell 8% to $6.97.
• Roblox Corporation RBLX fell 6.5% to $36.68.
• New York Community Bancorp, Inc. NYCB dipped 6.4% to $3.6550 after Raymond James downgraded the stock from Market Perform to Underperform.

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