Why General Dynamics Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Shares of General Dynamics Corporation GD fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results.

Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro.

General Dynamics shares declined 5.2% to $279.26 on Wednesday.

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

Gainers

• NuZee, Inc.  NUZE jumped 192% to $3.01.
• Dermata Therapeutics, Inc. DRMA rose 142.4% to $3.0799 after falling over 22% on Tuesday.
• Selina Hospitality PLC SLNA surged 134% to $0.0609.
• Bone Biologics Corporation BBLG gained 86% to $2.3300.
• Carbon Revolution Public Limited Company CREV gained 74.5% to $10.82.
• Pieris Pharmaceuticals, Inc. PIRS jumped 73.4% to $13.77 after the company announced that the company entered into a definitive merger agreement with Palvella Therapeutics.
• Sangamo Therapeutics, Inc. SGMO gained 50% to $0.60 after licensing partner Pfizer’s Phase 3 AFFINE trial evaluating giroctocogene fitelparvovec met its primary endpoint.
• Alpha Teknova, Inc. TKNO gained 28% to $3.2212.
• KORE Group Holdings, Inc. KORE gained 21.8% to $2.84.
• NaaS Technology Inc. NAAS rose 20.5% to $6.87 after reporting unaudited 2024 second quarter and first half financial results.
• PROG Holdings, Inc. PRG climbed 20.4% to $41.71 after the company reported better-than-expected second-quarter financial results. Also, the company raised its FY24 guidance above estimates.
• QXO, Inc. QXO gained 19.4% to $94.69. The company on Monday announced a private placement financing.
• Silynxcom Ltd. SYNX rose 18.4% to $3.71. Silynxcom received $815,000 in orders from Israel Defense Forces since July 2024.
• NewGenIvf Group Limited NIVF shares gained 16.4% to $1.0009 after the company announced steady progress in its due diligence efforts in its proposed reverse merger with COVIRIX Medical and anticipates completion by the end of August 2024.
• Flex Ltd. FLEX gained 10.9% to $32.96 after the company reported better-than-expected second-quarter financial results.
• Manhattan Associates, Inc. MANH climbed 10.5% to $249.78 after the company reported better-than-expected second-quarter financial results.
• Group 1 Automotive, Inc. GPI gained 9.6% to $333.95 after the company reported better-than-expected second-quarter adjusted EPS results.
• Enphase Energy, Inc. ENPH rose 9.2% to $113.18 after the company reported second-quarter financial results.
• Allarity Therapeutics, Inc. ALLR gained 8.7% to $0.1809. Allarity Therapeutics revealed on Monday it received a "Wells Notice" from the U.S. Securities and Exchange Commission (SEC).
• Mattel, Inc. MAT gained 7.9% to $18.61 after the company reported better-than-expected second-quarter adjusted EPS results.
• Seagate Technology Holdings plc STX shares surged 7.5% to $113.33 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.
• Alkermes plc ALKS gained 7% to $26.69 after the company reported better-than-expected second-quarter financial results.
• Tenet Healthcare Corporation THC gained 6.8% to $148.17 after the company reported better-than-expected second-quarter financial results and the company and raised its FY24 guidance above estimates. Also, the company announced it authorized a $1.5 billion share buyback.
• AT&T Inc. T gained 3.1% to $18.78 following second-quarter earnings.

Losers

• Azitra, Inc. AZTR shares dipped 74.4% to $1.27. Azitra announced the pricing of $10.0 million public offering.
• Next Technology Holding Inc. NXTT fell 58% to $2.42.
• Bausch Health Companies Inc. BHC dipped 43.8% to $4.25.
• Nuwellis, Inc. NUWE fell 37.2% to $2.6199 after the company announced the pricing of a $2 million public offering of 469,340 common shares at $4.24 a share.
• Agape ATP Corporation ATPC dipped 34.2% to $0.1414.
• Lamb Weston Holdings, Inc. LW declined 26.9% to $57.46 after the company reported worse-than-expected quarterly financial results. Also, the company issued its FY25 EPS guidance below estimates.
• Conn’s, Inc. CONN shares fell 26.7% to $0.3717 as the company announced plans to close 71 locations across 13 states.
• Vintage Wine Estates, Inc. VWE fell 24.5% to $0.0868 after the company announced bankruptcy filing and voluntary delisting and SEC deregistration.
• Snow Lake Resources Ltd. LITM declined 24.2% to $0.7350 after the company issued an update on Black Lake Uranium Project.
• AtlasClear Holdings, Inc. ATCH shares declined 23.8% to $0.4228 after gaining 11% on Tuesday.
• Verastem, Inc. VSTM shares fell 22.7% to $2.7750 after the company reported pricing of $55.0 million public offering of common stock, warrants and pre-funded warrants.
• Sage Therapeutics, Inc. SAGE dipped 17.8% to $10.75 after the Phase 2 KINETIC 2 study of SAGE-324 did not demonstrate a statistically significant dose-response relationship on the primary endpoint.
• Hawaiian Holdings, Inc. HA dipped 13% to $11.33.
• SFL Corporation Ltd. SFL shares fell 12.3% to $12.23 after the company announced an offering of 8 million common shares.
• Tesla, Inc. TSLA shares fell 12% to $216.78. Tesla reported weaker-than-expected earnings for its second quarter, while sales topped estimates. The company reported second-quarter deliveries of 443,956 vehicles and production of 410,831 vehicles, down 5% and 14% year-over-year, respectively.
• Karooooo Ltd. KARO dipped 11.3% to $31.90 as the company announced the launch of secondary public offering of ordinary shares.
• Bausch + Lomb Corporation BLCO fell 10.2% to $15.29.
• Kanzhun Limited BZ dipped 9.5% to $14.41.
• Chijet Motor Company, Inc. CJET fell 9.3% to $4.61 after jumping 55% on Tuesday.
• Allegro MicroSystems, Inc. ALGM dipped 9.1% to $25.14 after the company announced a primary offering of 25 million shares.
• Geron Corporation GERN shares declined 8.8% to $4.2150 after the company announced the departure of CCO Anil Kapur.
• The Trade Desk, Inc. TTD fell 8.4% to $92.45.
• Roku, Inc. ROKU fell 8.2% to $56.97.
• Deutsche Bank Aktiengesellschaft DB shares fell 8% to $15.69 following second-quarter earnings.
• NANO Nuclear Energy Inc. NNE declined 8% to $14.25.
• Weatherford International plc WFRD dipped 7.6% to $123.57 after the company reported worse-than-expected second-quarter financial results.
• Roper Technologies, Inc. ROP fell 7.4% to $532.08 after the company reported worse-than-expected second-quarter sales results and issued third-quarter adjusted EPS guidance below estimates.
• Volato Group, Inc. SOAR shares fell 7.1% to $0.5479 after gaining around 23% on Tuesday.
• Fortive Corporation FTV fell 6.9% to $71.36 after the company reported worse-than-expected second-quarter sales results and issued FY24 sales guidance below estimates.
• Ulta Beauty, Inc. ULTA fell 5.5% to $367.84 after Piper Sandler downgraded the stock from an Overweight to Neutral and lowered its price target from $494 to $404.
• Alphabet Inc. GOOGL shares declined 4.1% to $174.29. Alphabet reported upbeat earnings and sales results for its second quarter on Tuesday. The company also announced a cash dividend of 20 cents per share to be paid on Sept.16 to shareholders of record as of Sept. 9.
• Visa Inc. V shares fell 3.8% to $254.72 following third-quarter results.

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