Why JPMorgan Shares Are Trading Lower By Around 5%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Shares of JPMorgan Chase & Co. JPM fell sharply during Friday’s session following first-quarter earnings.

Net revenue (managed) of $42.5 billion (+8% Y/Y), beating the consensus of $41.8 billion. Excluding an item resulted in an increase of $550 million (after tax) to reported net income from $13.4 billion to $14.0 billion and an increase of $0.19 per share to reported EPS from $4.44 to $4.63. EPS was $4.44, beating the consensus of $4.15.

JPMorgan Chase shares dipped 5.1% to $185.49 on Friday.

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

Gainers

• PaxMedica, Inc. PXMD jumped 143% to $1.0101 after the company announced the completed execution of its three pivotal registration/validation batches of PAX-101.
• EZGO Technologies Ltd. EZGO gained 83.3% to $2.86. EZGO entered into a $1.84 million procurement agreement for sale of security patrol robots and platform.
• Allarity Therapeutics, Inc. ALLR shares jumped 58.8% to $3.6550 after dipping 29% on Thursday. Allarity Therapeutics filed prospectus supplement to increase offering price of common stock that may be offered from $1.4 million to $2.4 million.
• Beneficient BENF rose 45.5% to $0.1006 after dipping around 10% on Thursday.
• NextPlat Corp NXPL shares jumped 44% to $2.1799 after the company reported a year-over-year increase in FY23 consolidated revenue results. NextPlat announced a proposed business combination with Progressive Care Inc.
• HUB Cyber Security Ltd. HUBC gained 31.6% to $1.54.
• 9F Inc. JFU surged 25.1% to $3.63.
• Hanryu Holdings, Inc. HRYU surged 25% to $0.51.
• Argan, Inc. AGX gained 21.5% to $59.97 as the company reported better-than-expected results for its fourth quarter on Thursday.
• Rent the Runway, Inc. RENT gained 19.6% to $23.55. Rent the Runway shares jumped 162% on Thursday after the company reported mixed fourth-quarter financial results and issued guidance.
• CareMax, Inc. CMAX rose 24% to $3.5751.
• Globe Life Inc. GL climbed 17% to $57.28 amid volatility following a short report on the stock from Fuzzy Panda Research. Globe Life afterwards issued a statement refuting the allegations raised in the report.
• Lyell Immunopharma, Inc. LYEL rose 16.4% to $3.0989.
• AMTD Digital Inc. HKD shares gained 14.8% to $3.64.
• Graphjet Technology GTI gained 14.6% to $9.93.
• Intrusion Inc. INTZ climbed 13% to $3.09. Intrusion said on Apr. 3, settlement agreement entered by the company on Oct 2, 2023 was approved by court & judgment was entered consistent with settlement agreement.
• Gatos Silver, Inc. GATO rose 10.4% to $10.73.
• Coupang, Inc. CPNG gained 10.3% to $21.01 after it was reported the company will raise membership fees.
• Mobile-health Network Solutions MNDR gained 8.1% to $11.03 on post-IPO volatility.
• Nikola Corporation NKLA rose 4.7% to $0.7503. M&M Residual withdrew its nomination of directors.

Losers

• Motus GI Holdings, Inc. MOTS shared dipped 39.7% to $0.2550 after the company announced that it does not believe that it will be able to maintain the listing of its common stock on the Nasdaq and that it does not intend to appeal the staff's determination. The company said it is exploring a range of strategic and financing alternatives.
• Lixiang Education Holding Co., Ltd. LXEH fell 23.8% to $0.4948.
• Monogram Orthopaedics, Inc. MGRM shares declined 22.2% to $3.14. Monogram shares jumped 79% on Thursday after the company announced it joined the NVIDIA Inception program.
• C3is Inc. CISS fell 21.7% to $2.2450.
• Sunshine Biopharma, Inc. SBFM dipped 19.2% to $0.0703. Sunshine Biopharma announced a 1-for-100 reverse stock split of its common stock, effective at market open on April 17, 2024.
• Rallybio Corporation RLYB fell 18.1% to $2.44. Rallybio shares jumped around 83% on Thursday after the company announced a collaboration with Johnson & Johnson to advance therapeutics for pregnant individuals at risk of FNAIT..
• Marin Software Incorporated MRIN fell 16.4% to $0.50. Marin Software shares fell around 8% on Thursday after the company announced upgrades to its integration with Microsoft Advertising.
• Destiny Tech100 Inc. DXYZ declined 16.3% to $42.30.
• Adial Pharmaceuticals, Inc. ADIL shares fell 16.3% to $2.4928. Adial Pharmaceuticals shares jumped 106% on Wednesday after the company announced the publication of a peer-reviewed article highlighting the clinical results, strong safety profile, and high compliance among patients administered AD04.
• Agenus Inc. AGEN declined 15.4% to $7.50. Agenus announced updated Phase 1 data and progress on BOT/BAL development in metastatic MSS colorectal cancer.
• Veru Inc. VERU fell 15% to $1.52.
• GCT Semiconductor Holding, Inc. GCTS fell 12.6% to $6.13.
• VIA optronics AG VIAO shares declined 11.5% to $0.3992.
• Cassava Sciences, Inc. SAVA fell 11.3% to $23.16.
• Sera Prognostics, Inc. SERA dipped 10.7% to $10.05.
• Forge Global Holdings, Inc. FRGE fell 9.1% to $2.0450.
• The Lovesac Company LOVE declined 8.1% to $19.05. Roth MKM analyst Matt Koranda maintained Lovesac with a Buy and lowered the price target from $34 to $30.
• Applied Digital Corporation APLD fell 7.5% to $2.44 after the company reported worse-than-expected third-quarter financial results.
• Zoetis Inc. ZTS fell 7.3% to $150.85 following a Wall Street Journal report titled "What Killed Their Pets? Owners Blame Meds, but Vets Aren't Sure."
• MOGU Inc. MOGU fell 7.1% to $1.97 after declining around 8% on Thursday.
• Arista Networks, Inc. ANET declined 6.4% to $277.47 after Rosenblatt downgraded the stock from Buy to Sell.
• Nurix Therapeutics, Inc. NRIX fell 5.3% to $16.30 after the company priced its upsized $175 million public offering of 10,166,667 common shares at $15 per share.

Now Read This: Top 3 Health Care Stocks Which Could Rescue Your Portfolio This Quarter