Why Akoustis Technologies Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Shares of Akoustis Technologies, Inc. AKTS fell sharply in today's session following weak quarterly results.

Akoustis Technologies posted adjusted loss of 14 cents per share, versus market expectations for a loss of 12 cents per share. Sales came in at $7.510 million missing estimates of $8.553 million, according to data from Benzinga Pro.

Akoustis Technologies shares dipped 17.7% to $0.4671 on Monday.

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

Gainers

• GameStop Corp. GME shares jumped 81.6% to $31.70 amid possible retail investor interest following a social media post by Roaring Kitty.
• KOSS Corp KOSS rose 49.4% to $4.73 trading after declining around 10% on Friday. Koss posted a wider quarterly loss last week.
• CareCloud, Inc. CCLD gained 33.2% to $1.68 after the company announced it retained an investment bank to examine and evaluate the terms of its Series A Preferred Stock and to make recommendations to the board that may be beneficial to the company and its shareholders.
• AC Immune SA ACIU gained 31% to $3.02 after the company reported first-quarter financial results. Also, the company announced it signed an exclusive option and license agreement with Takeda for active immunotherapy targeting amyloid beta for Alzheimer’s disease.
• NWTN Inc. NWTN climbed 28.9% to $4.77.
• Cazoo Group Ltd CZOO rose 28.2% to $7.55.
• Tevogen Bio Holdings Inc. TVGN climbed 27% to $1.25 after the company announced up to $50 million in financing to further advance operational objectives.
• 2U, Inc. TWOU gained 24.2% to $0.3849.
• AMC Entertainment Holdings, Inc. AMC gained 21% to $3.48.
• The Children’s Place, Inc. PLCE rose 21.1% to $13.30.
• Beyond, Inc. BYON climbed 20% to $20.23. Beyond Director Joseph J Tabacco Jr acquired a total of 12,400 shares  an average price of $16.01.
• Recursion Pharmaceuticals, Inc. RXRX gained 16.4% to $10.01. Recursion announced completion of NVIDIA-Powered BioHive-2 AI Pharma Supercomputer.
• iRobot Corporation IRBT rose 16.4% to $13.06. iRobot, last week, reported better-than-expected first-quarter financial results.
• SunPower Corporation SPWR gained 15.7% to $2.66.
• AMC Networks Inc. AMCX rose 14% to $15.17. AMC Networks, last week, reported a fiscal first-quarter 2024 revenue decline of 16.9% year over year to $596.46 million, missing the analyst consensus estimate of $602.60 million.
• Lucid Group, Inc. LCID gained 13.7% to $3.0250.
• Nauticus Robotics, Inc. KITT gained 13.6% to $0.1659. Nauticus Robotics is expected to release its first quarter financial and operating results after the closing bell on May 13.
• Newegg Commerce, Inc. NEGG climbed 13.3% to $0.9495. Newegg received Nasdaq notification regarding minimum bid requirements.
• Squarespace, Inc. SQSP gained 13.1% to $43.21. Squarespace announced today that it has agreed to go private in a deal with global private equity firm Permira, in a transaction valued at over $6.6 billion on an equity value basis and approximately $6.9 billion on an enterprise value basis.
• Spirit Airlines, Inc. SAVE rose 12.2% to $4.2650.
• Novavax Inc NVAX gained 12.1% to $9.95. Novavax shares jumpd 99% on Friday after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.
• Reddit, Inc. RDDT rose 10.9% to $59.37.
• NIO Inc. NIO gained 10.8% to $5.62. Nio's CEO William Li has reportedly purchased a vehicle from its rival EV maker XPeng.
• Cyclacel Pharmaceuticals, Inc. CYCC gained 8.6% to $2.4636. Cyclacel Pharmaceuticals is expected to announce first quarter 2024 financial results on Tuesday, May 14.
• Groupon, Inc. GRPN shares rose 5% to $13.60. Groupon shares jumped around 24% on Friday after the company reported better-than-expected first-quarter results.

Losers

• Barnes & Noble Education, Inc. BNED shares fell 41.6% to $0.1699 after declining 7% on Friday. Barnes & Noble Education, during April, announced a short-term shareholder rights plan and a new equity investment.
• Seritage Growth Properties SRG fell 35% to $6.05 after the company reported first-quarter financial results.
• Amprius Technologies, Inc. AMPX fell 31.5% to $1.3488 after the company announced a temporary offer allowing public and private warrants to be exercised at a reduced price.
• Heart Test Laboratories, Inc. HSCS declined 19.3% to $0.0710. On May 9, the company received staff determination from the Nasdaq to delist the company's securities from Nasdaq Capital Market.
• Dingdong (Cayman) Limited DDL dipped 16.6% to $1.7996 following first-quarter financial results.
• The Singing Machine Company, Inc. MICS declined 15.3% to $0.8133.
• Antelope Enterprise Holdings Ltd AEHL shares dipped 14.2% to $1.6383. Antelope Enterprise, last week, announced second half and full year 2023 financial results.
• Healthcare Triangle, Inc. HCTI fell 13.4% to $0.8699.
• Fortrea Holdings Inc. FTRE shares declined 12.6% to $28.85 after the company reported soft first-quarter results and cut its revenue outlook.
• NL Industries, Inc. NL dipped 11.5% to $6.97.
• Power REIT PW shares fell 11.1% to $0.61 after jumping around 58% on Friday.
• Aethlon Medical, Inc. AEMD shares fell 10.4% to $1.0584. Aethlon Medical, on Friday, announced results from an in vitro binding study of its Hemopurifier in removing extracellular vesicles from plasma.
• JanOne Inc. JAN fell 9% to $3.6692 after the company announced plans to acquire ALT 5 Sigma Inc.
• CompX International Inc. CIX dipped 8.1% to $22.94.
• MKS Instruments, Inc. MKSI fell 6.5% to $122.00 as the company announced a proposed private offering of $1 billion of convertible senior notes

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