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Roadrunner Transportation

Roadrunner Transportation Systems Inc has operations in the United States. Its services involve the pickup, consolidation, linehaul, deconsolidation, and delivery of LTL shipments. The Company's revenues are derived from providing less than truckload transportation services domestically.

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A couple of reports from less-than-truckload carriers show trends are beginning to turn positive on a year-over-year comparison.

Less-than-truckload Turning Positive In August

Penny Stocks

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today&#39;s edition, Roadrunner continues its revamp with the spinoff of its Ascent Global Logistics business. Plus, Hurricane Hanna leaves its mark on Texas, carriers score a court win in an arbitration fight, and e-commerce robots arrive.

The Daily Dash: Roadrunner, Hurricane Hanna, And Robots

Markets

General

Roadrunner Transportation Systems Inc. (OTC: RRTS) announced plans to spin off its Ascent Global Logistics unit in August. The planned deal would create two separate companies – Roadrunner Transportation Systems, Inc.

Roadrunner Breakup; Refocus Moves Forward

ROADRUNNER TRANS SYS INC by Roadrunner Transportation Systems, Inc.

Roadrunner Transportation Systems Inc

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3473005-1&amp;h=3666035380&amp;u=https%3A%2F%2Fwww.shiproadrunnerfreight.com%2F&amp;a=Roadrunner" target="_blank">Roadrunner</a>, a nationwide less-than-truckload (LTL) carrier specializing in long-haul metro-to-metro shipping, announces a suite of driver incentives, including a rate increase for the second time in 2022, designed to recognize and reward the men and women who are responsible for delivering best-in-class service for the organization in this challenging logistics market. The new compensation and incentive structure are in effect as of March 14, 2022.
<a href="https://mma.prnewswire.com/media/1082127/Roadrunner_Freight_Logo.html" target="_blank"><img alt="Roadrunner Freight Logo (PRNewsfoto/Roadrunner Freight)" src="https://mma.prnewswire.com/media/1082127/Roadrunner_Freight_Logo.jpg" /> </a>
&quot;We are thrilled to announce these new driver incentives. As Roadrunner wins, our team wins, and that is why our drivers deserve this,&quot; stated Frank Hurst, President of Roadrunner. &quot;Roadrunner is focused on increasing driver compensation, including pay increases in dozens of lanes as well as increased fuel pay and larger fuel discounts to help defray rising fuel costs, to help our current drivers feel how much they are appreciated.&quot;
Roadrunner&#39;s driver pay and incentive upgrades include:
<ul>
<li>Teams now earn a bonus of 20 cents per mile</li>
<li>Increased network minimum pay by 4 cents per mile</li>
<li>Increased deadhead rates by 25 cents per mile (plus fuel surcharge)</li>
<li>Increased fuel discount at preferred fuel partners by 10 cents per gallon</li>
</ul>
&quot;We&#39;re increasing our rates in more than 60 percent of our lanes by an average of 12 cents per mile,&quot; added Scott Ware, Senior Vice President of Operations and Linehaul for Roadrunner. &quot;We continue to increase pay in our lanes across the board. We recognize the value our drivers deliver every single day, which is why we&#39;ve implemented this second increase of 2022. We are committed to making Roadrunner the company of choice for our drivers as well as our customers, and these proactive compensation changes are just one more way our drivers are seeing our commitment to being a driver-first, service-centric organization.&quot;
Roadrunner also offers $10,000 signing bonuses to solo owner-operators with their own equipment, an additional bonus for team owner-operators, and $5,000 referral bonuses for existing drivers who bring new drivers into the organization, each paid over six months.
&quot;As an immigrant to America who escaped the Iron Curtain, I know there is no greater privilege than freedom and capitalism. Our drivers are the manifestation of this ideal. Their success is our success. Their stories are the American story. I am determined to earn the right to call Roadrunner the preferred destination for all men and women who want to build their trucking businesses alongside ours. We are investing heavily into our technology platform, driver infrastructure, and resources to assist our drivers in successfully running and building their logistics enterprises. I think of every driver for Roadrunner as a personal business partner of mine and look forward to continuing to grow with each and every one of them,&quot; added Chris Jamroz, Roadrunner Executive Chairman of the Board.
Roadrunner&#39;s ongoing transformation also includes a brand update, with the company revealing a bold, new logo. The eye-catching, orange-and-black logo signifies Roadrunner&#39;s dedication to reinvention and pays homage to the swift bird that inspires its name. To learn more about the company&#39;s vast improvements, visit <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3473005-1&amp;h=3534428955&amp;u=http%3A%2F%2Fwww.shiproadrunnerfreight.com%2F&amp;a=www.shiproadrunnerfreight.com" target="_blank">www.shiproadrunnerfreight.com</a>. &nbsp;

Roadrunner Transportation Raises Driver Pay, Incentives

A couple of reports from less-than-truckload carriers show trends are beginning to turn positive on a year-over-year comparison.

Old Dominion Freight Line (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/odfl#NASDAQ">ODFL</a>) reported a modest increase in revenue per day for the month of August. The Thomasville, North Carolina-based carrier said in a Thursday press release the metric was up 1.3% compared to August 2019. In its second-quarter filing, the company reported a 2.9% year-over-year revenue decline during July, following an 11.4% drop in June.

"We are encouraged by recent trends that contributed to the year-over-year increase in our LTL revenue per day for August. This positive inflection in our revenue is a result of improving demand trends from our customers in the industrial and retail sectors, which are increasingly prioritizing high-quality service from their carriers," said President and CEO Greg Gantt.

The August increase in revenue was due to a 2.4% year-over-year increase in tonnage partially offset by a slight decline in revenue per hundredweight, or yield. August shipments were down 3.3% but weight per shipment rose 5.9% compared to the prior year. July tonnage was down 2.1% with a 0.7% decline in yield (including fuel). For the first two months of the quarter, Old Dominion reported revenue per hundredweight was 0.9% lower compared to the year-ago period but up 2.3% (excluding fuel surcharges).

On Wednesday, Johns Creek, Georgia-based LTL carrier SAIA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/saia#NASDAQ">SAIA</a>) reported a 2.7% year-over-year decline in tonnage during July with a 0.5% increase in August. The carrier saw July shipments increase 1.5% with weight per shipment falling 4.1%. August shipments were down 0.1% compared to the prior year with weight per shipment increasing 0.6%.

The carrier didn't provide an update on pricing or yields but management noted on a July 29 second-quarter earnings call that pricing trends had been "pretty steady" throughout the pandemic, with contract pricing "solidly" in the mid-single-digit range.

<h4>Manufacturing economy back online</h4>

The manufacturing segment, which can represent more than 80% of total tonnage for some LTL carriers, continues to strengthen. The Purchasing Managers' Index (PMI), a survey of manufacturing supply executives and gauge of manufacturing activity, remained above the all-important 50% level again in August at 56%. A reading above 50% implies expansion in the U.S. manufacturing sector.

August marked the third consecutive month in expansion territory for the index after declining to the low-40% range in April and May. The index hovered near the 50% threshold for the bulk of the past year until the pandemic temporarily put a halt to production.

The new orders and production sub-indexes each continued to move higher as well. New orders climbed 6.1 percentage points after increasing 5.1 points in July. The component now sits at 67.6%, the highest level since the beginning of 2004. Production came in at 63.3%, with inventories contracting further at 44.4%.

The only blemish on the report was manufacturing employment, which improved in the month but remains in contraction territory at 46.4%.

<h4>Less-than-truckload becoming a crowded field</h4>

Several expansion and growth initiatives have been announced by LTL carriers recently.

In early August, Old Dominion announced that it had already<a href="https://www.freightwaves.com/news/old-dominion-footprint-expands-9-centers-added-so-far-in-2020"> opened nine terminals this year</a> to expand capacity and improve shipping times. Roughly 500 doors, mostly incremental capacity, have been added to the carrier's network in the markets it currently serves as well as new regions.

Shortly after announcing it would<a href="https://www.freightwaves.com/news/forward-air-to-offer-traditional-less-than-truckload-service"> pursue traditional LTL operations</a>, outside of its normal airport-to-airport network, management from Forward Air Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fwrd#NASDAQ">FWRD</a>) said on its second-quarter call at the end of July that it would<a href="https://www.freightwaves.com/news/forward-air-to-expand-pursuit-of-traditional-less-than-truckload-market"> further advance these efforts</a>. The company could open as many as a "handful" of LTL terminals this year.

YRC Worldwide, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yrcw#NASDAQ">YRCW</a>) announced last month that it was<a href="https://www.freightwaves.com/news/yrc-announces-next-day-expansion-as-less-than-truckload-market-heats-up"> expanding its regional next-day service</a> with the addition of more lanes in the Midsouth and Waco, Texas. The plan is part of the company's overhaul and aimed at improving transit times and lowering damage claims as there will be fewer touchpoints on the new routes.

In mid-July, Roadrunner Transportation Systems, Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rrts#OTC">RRTS</a>) announced<a href="https://www.freightwaves.com/news/roadrunner-expanding-less-than-truckload-network"> plans to add three new LTL service centers</a> in Chicago, Philadelphia and Riverside, California. Those terminals are expected to add 169 dock doors to its network. The announcement is part of the company's<a href="https://www.freightwaves.com/news/roadrunner-sells-off-remaining-truckload-units-adds-former-celadon-head"> restructuring</a> designed to improve financial performance by transitioning from a full-service<a href="https://www.freightwaves.com/news/roadrunner-breakup-refocus-moves-forward"> transportation and logistics provider</a> to a national LTL carrier.

<a href="https://www.freightwaves.com/news/author/toddmaiden">Click for more FreightWaves articles by Todd Maiden.</a>

<ul><li><a href="https://www.freightwaves.com/news/takeout-bid-for-kansas-city-southern-made-reportedly">Investment firms reportedly make new bid for Kansas City Southern</a></li>
	<li><a href="https://www.freightwaves.com/news/transportation-capacity-near-2-year-low-pricing-surges">Transportation capacity near 2-year low; pricing surges</a></li>
	<li><a href="https://www.freightwaves.com/news/analyst-ups-estimates-for-truckload-carriers-in-2h-2020">Analyst ups estimates for truckload carriers in 2H 2020</a></li>
</ul>

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today's edition, Roadrunner continues its revamp with the spinoff of its Ascent Global Logistics business. Plus, Hurricane Hanna leaves its mark on Texas, carriers score a court win in an arbitration fight, and e-commerce robots arrive.

<h3>Just A Little Trim</h3>

Roadrunner Transportation Systems Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rrts#OTC">RRTS</a>) will spin off its Ascent Global Logistics business as it continues to revamp its operations. The move should allow each business segment to tailor solutions specific to their businesses, the company said. 

Todd Maiden details the move:<a href="https://www.freightwaves.com/news/roadrunner-breakup-refocus-moves-forward"> Roadrunner breakup; refocus moves forward</a>

<h3>Hurricane Disrupts Freight</h3>

Hurricane Hanna's aftermath will be felt for days in South Texas after the storm dumped as much as 20 inches of rain on the region over the past two days.

Noi Mahoney details the impacts to freight movement in the region:<a href="https://www.freightwaves.com/news/hurricane-hanna-disrupts-freight-flow-in-south-texas"> Hurricane Hanna disrupts freight flow in South Texas</a>

<h3>Arbitration Win For Carriers</h3>

A New Jersey court has ruled arbitration agreements signed by transportation workers are enforceable in the state, despite a federal arbitration rule to the contrary. It is considered a big win for employers, who would rather fight employment disputes through arbitration than in the courts.

John Kingston has more on this and its potential impact:<a href="https://www.freightwaves.com/news/new-jersey-court-ruling-victory-for-employers-seeking-to-compel-arbitration"> New Jersey court ruling victory for employers seeking to compel arbitration</a>

<h3>A Helping (Robotic) Hand</h3>

A robot from RightHand Robotics and Intel RealSense Technologies has been designed to replace human workers in picking e-commerce goods at the warehouse. The companies believe the robot can select items quicker and at less cost.

Linda Baker has more on this innovation:<a href="https://www.freightwaves.com/news/computer-vision-drives-automated-warehouse-picking-solution"> Computer vision drives automated warehouse solution</a>

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<a href="https://www.freightwaves.com/news/volumes-just-wont-quit-up-27-year-over-year">Volumes just won't quit, up 27% year-over-year</a>

<a href="https://www.freightwaves.com/news/borderlands%3A-truck-capacity-tight-near-mexican-border%3B-millions-in-drugs-found-in-shipments-of-ketchup-and-onions">Borderlands: Truck capacity tight near the Mexican border; millions in drugs found in shipments of ketchup and onions</a>

<h3>Did you Miss This?</h3>

The long, winding road can be a lonely one for truck drivers away from home. A new collaboration between First Things First and SeatMyTrucks has resulted in a relationship platform to help these drivers reconnect and stay connected with their loved ones at home.

Clarissa Hawes has more on MyTruckerLife:<a href="https://www.freightwaves.com/news/company-launches-online-counseling-program-for-truckers-and-families"> Company launches online counseling program for truckers and families</a>

Hammer down, everyone.

Brian Straight

Managing Editor

<a href="https://www.freightwaves.com/news/author/brianstraight">Click for more FreightWaves articles by Brian Straight.</a>

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Photo by Pixabay, From Pexels.

Roadrunner Transportation Systems Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rrts#OTC">RRTS</a>) announced plans to spin off its Ascent Global Logistics unit in August. The planned deal would create two separate companies – Roadrunner Transportation Systems, Inc. with less-than-truckload (LTL) and truckload (TL) freight divisions and privately-held Ascent Global Logistics, Inc.

While the company's new capital structure hasn't been finalized, Roadrunner's credit facility with Bank of Montreal (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmo#NYSE">BMO</a>) will be terminated and the entity is expected to emerge from the transaction debt-free with "sufficient liquidity and flexibility to pursue future growth opportunities."

Ascent Global Logistics will provide a stock dividend to shareholders with the unit's equity not expected to be publicly traded.

The announcement comes as the company's restructuring, designed to produce a predominantly asset-light model centered on LTL and value-added logistics, continues.

The company expects the move to create shareholder value as each segment will be better suited to take advantage of "growth opportunities" by establishing business models focused on "specific long-term strategies." The deal is expected to simplify each segment's ability to access capital markets and insurance. Corporate costs are also expected to be reduced by operating the segments independently.

The deal still needs approval from the company's board and regulators.

"With the actions announced today, we are left with two companies positioned to deliver significant value for their customers and investors," Executive Chairman Chris Jamroz.

Roadrunner<a href="https://www.freightwaves.com/news/roadrunner-announces-plans-to-delist-from-nyse"> delisted</a> from the New York Stock Exchange (NYSE) in April, allowing it to reduce administrative expenses and the burden of ongoing filing requirements with the U.S. Securities and Exchange Commission (SEC). The stock still trades over-the-counter between two parties directly, but no longer on a formal exchange.

<h3>Further Restructuring</h3>

The planned spinoff advances the corporate shakeup, which has included several moves to cut costs, thwart losses and improve its capital position. Recent divestitures have raised more than $300 million for Roadrunner, allowing it to reduce debt and lease obligations. The company ended 2019 with $272 million in debt and finance leases with $132 million in operating leases.

<ul><li><a href="https://www.freightwaves.com/news/roadrunner-unloads-another-unit-sells-stagecoach-cartage">Roadrunner unloads another unit, sells Stagecoach Cartage</a></li>
	<li><a href="https://www.freightwaves.com/news/roadrunner-to-sell-prime-division-to-chrw-to-help-clean-up-balance-sheet">Roadrunner to sell Prime division to CHRW to help clean up balance sheet</a></li>
	<li><a href="https://www.freightwaves.com/news/roadrunner-sells-flatbed-unit-another-step-in-restructuring">Roadrunner sells flatbed unit, another step in restructuring</a></li>
	<li><a href="https://www.freightwaves.com/news/roadrunner-continues-to-restructure-sells-intermodal-unit-to-universal-logistics">Roadrunner continues to restructure, sells intermodal unit to Universal Logistics</a></li>
	<li><a href="https://www.freightwaves.com/news/rich-logistics-announces-closures-of-four-terminals-mass-layoffs-at-five-other-locations">Roadrunner downsizes dry van business, announces closures of five terminals, mass layoffs at five other locations</a></li>
</ul>

Roadrunner has struggled to integrate and market past acquisitions, which were focused on offering a blend of "asset-right transportation" and "asset-light logistics service." The annual losses have been large of late – $341 million in 2019 and $166 million in 2018, which are inclusive of asset and acquisition write-downs from past deals. In 2019, Roadrunner reported large operating losses in its Ascent Transportation Management unit, LTL and TL divisions. Only its Active On-Demand brand posted a profit.

In mid-July, Roadrunner announced a<a href="https://www.freightwaves.com/news/roadrunner-expanding-less-than-truckload-network"> "significant" expansion in its LTL division</a>, adding three new service centers in Chicago, Philadelphia and Riverside, California to advance its core LTL offering.

Ascent Global Logistics will be headquartered in Belleville, Michigan, continuing to offer ground and air freight management, freight forwarding and expedited transportation. The company is seeking a new secured revolving credit facility. Current President of Ascent On-Demand and Ascent CFO Tom Stenglein will become president.

Frank Hurst, who has been President of Roadrunner Freight since 2017, will become President of Roadrunner Transportation Systems, Inc. 

Shares of RRTS are up more than 10% on the news.

<a href="https://www.freightwaves.com/news/author/toddmaiden">Click for more FreightWaves articles by Todd Maiden.</a>

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</ul>

Roadrunner Transportation Systems Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rrts#OTC">RRTS</a>) announces "significant" expansion in its less-than-truckload (LTL) division. The company announced plans in a July 16 press release to add three new LTL service centers in Chicago, Philadelphia and Riverside, California.

The Downers Grove, Illinois-based company said the new facilities are expected to come online this summer, adding 169 dock doors to its network.  

"These network changes are part of a broader effort within Roadrunner Freight to significantly invest in service," stated Roadrunner Freight President Frank Hurst in the release.

<h4>Part of the corporate overhaul</h4>

The announcement follows the<a href="https://www.freightwaves.com/news/roadrunners-ltl-division-slashes-delivery-times-in-multiple-lanes"> re-tooling initiatives</a> the company has made throughout its LTL network; which include reducing transit times, expanding its shuttle service between service centers and regional hubs, adding weekend operations and implementing new dock automation.

The news is encouraging given the company's restructuring efforts, which have included selling off non-core units and even<a href="https://www.freightwaves.com/news/roadrunner-announces-plans-to-delist-from-nyse"> delisting from the New York Stock Exchange</a>.

In efforts to reduce costs, preserve capital and stave off losses, Roadrunner accelerated its multi-year corporate shakeup last year, re-focusing on an asset-light model in its core LTL and value-added logistics offerings.

"On the Roadrunner Freight side, our restructuring work is complete. We are now laser-focused on service, safety and the driver experience. We currently have the lowest exceptions, best on-time delivery and highest driver count since I joined the company," Hurst said in an email to FreightWaves. "What we have learned, admittedly through some trial and error, is that when we spend our time focused on customers and drivers, the financials take care of themselves. This is the foundation of our SHIP IT LIKE YOU OWN IT philosophy."

Roadrunner's prior acquisition and organic initiatives were centered on the company becoming an all-encompassing transportation and logistics provider. The company's product offering expanded to include a full gamut of services – truckload (TL), LTL, air and ground, cross-border, expedited, temperature-controlled, intermodal, freight management, retail consolidation, international freight forwarding and customs brokerage. This allowed the company to more than triple revenue in a decade to 2018's high-water mark of $2.2 billion.

However, the inability to fully integrate acquisitions and market the company as the transportation and logistics behemoth imagined left it debt-laden and cash-strapped. Roadrunner incurred losses of $341 million in 2019 and $166 million in 2018, which included large asset and acquisition write-downs from past deals. Even on an adjusted operating basis, the company has incurred losses. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $71 million lower in 2019 at a loss of $54 million.

Roadrunner has made several moves in the last two years to keep the company afloat. Emerging from a<a href="https://www.freightwaves.com/news/roadrunners-ltl-division-slashes-delivery-times-in-multiple-lanes"> major accounting scandal</a> with new management in place, the company completed a capital restructuring. The<a href="https://www.freightwaves.com/news/trucking/roadrunner-elliott-owns-90-percent"> $450 million rights offering</a> essentially allowed Roadrunner to lower its debt load by $389 million, replacing dividend-paying preferred shares with common stock shares. Additionally, the recent divestitures have raised more than $300 million, which has been used to lower the company's debt and lease obligations.

<ul><li><a href="https://www.freightwaves.com/news/roadrunner-unloads-another-unit-sells-stagecoach-cartage">Roadrunner unloads another unit, sells Stagecoach Cartage</a></li>
	<li><a href="https://www.freightwaves.com/news/roadrunner-to-sell-prime-division-to-chrw-to-help-clean-up-balance-sheet">Roadrunner to sell Prime division to CHRW to help clean up balance sheet</a></li>
	<li><a href="https://www.freightwaves.com/news/roadrunner-sells-flatbed-unit-another-step-in-restructuring">Roadrunner sells flatbed unit, another step in restructuring</a></li>
	<li><a href="https://www.freightwaves.com/news/roadrunner-continues-to-restructure-sells-intermodal-unit-to-universal-logistics">Roadrunner continues to restructure, sells intermodal unit to Universal Logistics</a></li>
	<li><a href="https://www.freightwaves.com/news/rich-logistics-announces-closures-of-four-terminals-mass-layoffs-at-five-other-locations">Roadrunner downsizes dry van business, announces closures of five terminals, mass layoffs at five other locations</a></li>
</ul>

<h4>The new facilities</h4>

At 93,000 square feet and 139 dock doors, the new Chicago facility doubles the existing facility's size and will provide office space for Roadrunner Freight's corporate functions.

The Riverside facility will be a new location for Roadrunner. The company said that the addition of the terminal will provide it with a third facility in Southern California, bringing its total footprint in the area to 257,909 square feet and 280 dock doors. The expansion in the area was "a direct result" of the company's growth in ecommerce.

The new terminal in Philadelphia is expected to bolster its Northeast footprint. "The Philadelphia facility is our gateway into the Northeast. It will serve as our regional hub and is the first step toward providing more robust service in the Northeast corridor and reducing transit times in that all-important region," Hurst told FreightWaves.

The release said the company is also conducting a review of other locations for further expansion.

"We are actively exploring opportunities and vetting markets to determine where we need to open new facilities to serve our customers and support our drivers. It's an exciting time to be part of the Roadrunner Freight organization," concluded Hurst.

Click for more FreightWaves articles by<a href="https://www.freightwaves.com/news/author/toddmaiden"> Todd Maiden</a>.

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	<li><a href="https://www.freightwaves.com/news/geofencing-data-less-than-truckload-boost-carries-into-june">Geofencing data: Less-than-truckload boost carries into June</a></li>
</ul>

Management

Roadrunner Expanding Less-Than-Truckload Network

On Friday morning, 4 companies hit new 52-week lows.
<h3>Interesting Points:</h3>
<ul>
<li>Nabors Industries&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nbr#NYSE">NBR</a>)&nbsp;was the largest company by market cap to set a new 52-week low.</li>
<li>The smallest company in terms of market cap to set a new 52-week low was&nbsp;Ever-Glory Intl Gr&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evk#NASDAQ">EVK</a>).</li>
<li>Stein Mart&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smrt#NASDAQ">SMRT</a>)&nbsp;saw the most significant move of the companies, as shares traded down 31.84% to reach its new 52-week low.</li>
</ul>
The following stocks created new 52-week lows as of 10 a.m. ET on Friday:
<ul>
<li>Nabors Industries&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nbr#NYSE">NBR</a>)&nbsp;shares set a new yearly low of $0.29 this morning. The stock was down 5.52% on the session.</li>
<li>Roadrunner Transportation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rrts#NYSE">RRTS</a>)&nbsp;shares moved up 10.31% on Friday&#39;s session after setting a new 52-week low of $1.75 to begin trading.</li>
<li>Stein Mart&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smrt#NASDAQ">SMRT</a>)&nbsp;shares were down 31.84% over the session, having began the day with a 52-week low of $0.23.</li>
<li>Ever-Glory Intl Gr&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evk#NASDAQ">EVK</a>)&nbsp;shares reached a new 52-week low of $0.85 on Friday morning, later moving down 10.52% over the rest of the day.</li>
</ul>

Benzinga will update traders on these companies going forward. If these companies break to a new level, Benzinga will be the first to report on it.

Intraday Update

Movers

Trading Ideas

SMRT

Stocks That Hit 52-Week Lows On Friday

<h3>Gainers</h3>
<ul>
<li>Arcus Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcus#NASDAQ">RCUS</a>) shares surged 89.4% to close at $29.50 on Thursday amid Bloomberg report that Gilead is holding talks to take a stake in company.</li>
<li>Liberty TripAdvisor Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ltrpb#NASDAQ">LTRPB</a>) shares jumped 70.1% to close at $59.00 on Thursday.</li>
<li>Edison Nation Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ednt#NASDAQ">EDNT</a>) shares rose 53.9% to close at $2.57 after the company announced more than $10 million in orders for personal protective equipment. Edison Nation is a microcap company with a valuation under $20 million.</li>
<li>Thermogenesis Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thmo#NASDAQ">THMO</a>) surged 43.8% to close at $6.60 after the company received an acknowledgement letter form the FDA allowing its coronavirus antibody fast detection kit for distribution.</li>
<li>Co-Diagnostics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/codx#NASDAQ">CODX</a>) climbed 43.7% to close at $13.65. Co-Diagnostics said OralDNA Labs, a CLIA-certified laboratory, recently validated a COVID-19 PCR test based on the its patented CoPrimer technology for use with saline oral rinse samples, and has notified the FDA of their intent to use the validated test in their CAP accredited high-complexity laboratory.</li>
<li>Mereo BioPharma Group plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mreo#NASDAQ">MREO</a>) climbed 36.4% to close at $1.50.</li>
<li>Casper Sleep Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cspr#NASDAQ">CSPR</a>) gained 34.2% to close at $7.57.</li>
<li>Innovative Solutions and Support, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/issc#NASDAQ">ISSC</a>) rose 31.8% to close at $3.98.</li>
<li>Retractable Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rvp#NYSE">RVP</a>) surged 28.7% to close at $2.99.</li>
<li>The Lovesac Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/love#NASDAQ">LOVE</a>) gained 27.3% to close at $7.51 after the company reported better-than-expected Q4 results.</li>
<li>Chembio Diagnostics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cemi#NASDAQ">CEMI</a>) jumped 25.5% to close at $12.66.</li>
<li>Jack in the Box Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jack#NASDAQ">JACK</a>) gained 21.6% to close at $52.68. Jack in the Box said it expects Q2 system same-store sales to drop 4.2% and also announced it is withdrawing FY20 guidance. BTIG upgraded Jack In The Box from Neutral to Buy and announced a $70 price target.</li>
<li>Fulgent Genetics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flgt#NASDAQ">FLGT</a>) climbed 20.2% to close at $15.08.</li>
<li>Compugen Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgen#NASDAQ">CGEN</a>) surged 20.1% to close at $13.75.</li>
<li>Bed Bath &amp; Beyond Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bbby#NASDAQ">BBBY</a>) rose 18% to close at $5.24 after the company reported better-than-expected Q4 results.</li>
<li>Huize Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/huiz#NASDAQ">HUIZ</a>) rose 16.8% to close at $6.40.</li>
<li>Can-Fite BioPharma Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/canf#NYSE">CANF</a>) shares rose 16.8% to close at $2.02 after falling 5% on Wednesday.</li>
<li>Insteel Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iiin#NASDAQ">IIIN</a>) climbed 15% to close at $17.52 following better-than-expected Q2 results.</li>
<li>BioXcel Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btai#NASDAQ">BTAI</a>) rose 15% to close at $27.50.</li>
<li>Esports Entertainment Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gmbl#NASDAQ">GMBL</a>) shares surged 13.6% to close at $3.35.</li>
<li>Purple Innovation, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prpl#NASDAQ">PRPL</a>) jumped 13.5% to close at $8.69.</li>
<li>Green Plains Partners LP (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gpp#NASDAQ">GPP</a>) gained 13.4% to close at $5.50.</li>
<li>Roku, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roku#NASDAQ">ROKU</a>) shares climbed 13.3% to close at $128.00. The company recently issued strong prelim. Q1 sales and streaming hours guidance, as streaming interest has potentially benefited from theater closures globally.</li>
<li>Schrodinger, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sdgr#NASDAQ">SDGR</a>) rose 13.1% to close at $40.84.</li>
<li>OraSure Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/osur#NASDAQ">OSUR</a>) surged 12.9% to close at $13.10.</li>
<li>ARCA biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abio#NASDAQ">ABIO</a>) gained 12.4% to close at $4.99.</li>
<li>Soligenix, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sngx#NASDAQ">SNGX</a>) shares climbed 10.7% to close at $1.55 after the company announced an exclusive license deal for a novel vaccine adjuvant from BTG Specialty Pharmaceuticals.</li>
<li>Inovio Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ino#NASDAQ">INO</a>) rose 10.5% to close at $7.89. Inovio Pharmaceuticals has beengranted $6.9 million in funding by the Coalition for Epidemic Preparedness Innovations to work with the International Vaccine Institute and the Korea National Institute of Health for a Phase 1/2 clinical trial of INOVIO&#39;s COVID-19 vaccine candidate INO-4800 in South Korea, according to the IVI.</li>
<li>Biomerica, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmra#NASDAQ">BMRA</a>) shares surged 8.7% to close at $8.89.</li>
<li>BlackBerry Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bb#NYSE">BB</a>) jumped 8.4% to close at $4.01.</li>
<li>Nokia Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nok#NYSE">NOK</a>) climbed 7.1% to close at $3.46.</li>
<li>Vanda Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vnda#NASDAQ">VNDA</a>) rose 6.9% to close at $11.14 after the company announced the enrollment of the first patient in the company&#39;s ODYSSEY trial. The company also announced the initiation of its CALYPSO program.</li>
<li>Outfront Media Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/out#NYSE">OUT</a>) shares rose 6.4% to close at $12.27. OUTFRONT Media reported $400 million convertible preferred equity investment led by Providence Equity Partners.</li>
</ul>

<a href="https://www.benzinga.com/investing/best-penny-stocks/">Check out these big penny stock gainers and losers</a>
<h3>Losers</h3>
<ul>
<li>Diamond Offshore Drilling, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/do#NYSE">DO</a>) shares dipped 39.1% to close at $0.8894 on Thursday.</li>
<li>Global Eagle Entertainment Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ent#NASDAQ">ENT</a>) shares declined 26.5% to close at $2.62. Global Eagle Entertainment reported a 1-for-20 reverse stock split.</li>
<li>Athersys, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/athx#NASDAQ">ATHX</a>) fell 26.5% to close at $2.28. Athersys priced its 22.5 million share public offering of common stock at $2.25 per share.</li>
<li>ProPetro Holding Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pump#NYSE">PUMP</a>) shares dropped 24.8% to close at $2.79.</li>
<li>Plantronics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/plt#NYSE">PLT</a>) dropped 23.2% to close at $10.67. Morgan Stanley downgraded Plantronics from Equal-Weight to Underweight and raised the price target from $8 to $10.</li>
<li>Rite Aid Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rad#NYSE">RAD</a>) shares dropped 21.1% to close at $11.43 after the company reported mixed Q4 earnings results.</li>
<li>Apergy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apy#NYSE">APY</a>) shares declined 20.7% to close at $6.07.</li>
<li>Calithera Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cala#NASDAQ">CALA</a>) fell 20.3% to close at $6.26. Calithera Biosciences priced its 5 million share offering at $6.25 per share.</li>
<li>Exterran Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/extn#NYSE">EXTN</a>) fell 18.6% to close at $4.30.</li>
<li>Frank&#39;s International N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fi#NYSE">FI</a>) declined 16.8% to close at $1.93.</li>
<li>Talos Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/talo#NYSE">TALO</a>) dipped 16.3% to close at $6.29.</li>
<li>Mesa Air Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mesa#NASDAQ">MESA</a>) declined 15.9% to close at $3.43.</li>
<li>Kura Sushi USA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krus#NASDAQ">KRUS</a>) fell 15.8% to close at $10.11.</li>
<li>American Woodmark Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amwd#NASDAQ">AMWD</a>) dropped 15.5% to close at $41.82. Baird downgraded American Woodmark from Outperform to Neutral.</li>
<li>The Macerich Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mac#NYSE">MAC</a>) fell 15.4% to close at $6.52.</li>
<li>Roadrunner Transportation Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rrts#NYSE">RRTS</a>) shares tumbled 15.4% to close at $1.93.</li>
<li>Borqs Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brqs#NASDAQ">BRQS</a>) dropped 15.2% to close at $2.80.</li>
<li>Hertz Global Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/htz#NYSE">HTZ</a>) declined 15% to close at $4.93 on a report that mentioned the company is seeking coronavirus bailout and could be forced to file for bankruptcy by the summer.</li>
<li>Tupperware Brands Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tup#NYSE">TUP</a>) fell 14.8% to close at $2.02.</li>
<li>Contura Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctra#NYSE">CTRA</a>) fell 14.8% to close at $3.27.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cycc#NASDAQ">CYCC</a>) dipped 14.7% to close at $6.80.</li>
<li>Tanger Factory Outlet Centers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skt#NYSE">SKT</a>) fell 14.7% to close at $5.47.</li>
<li>Medallion Financial Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mfin#NASDAQ">MFIN</a>) slipped 14.6% to close at $2.39.</li>
<li>Tidewater Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdw#NYSE">TDW</a>) dropped 14.5% to close at $4.97.</li>
<li>Iconix Brand Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icon#NASDAQ">ICON</a>) fell 14.5% to close at $0.5671 after jumping over 20% on Wednesday.</li>
<li>Textainer Group Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgh#NYSE">TGH</a>) dropped 14.1% to close at $6.88.</li>
<li>PlayAGS, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ags#NYSE">AGS</a>) fell 14.1% to close at $2.81.</li>
<li>Mobile Mini, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mini#NASDAQ">MINI</a>) dipped 14% to close at $19.77.</li>
<li>Caleres, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cal#NYSE">CAL</a>) shares tumbled 13.6% to close at $5.19.</li>
<li>Independence Contract Drilling, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/icd#NYSE">ICD</a>) fell 11.7% to close at $7.89 after declining over 17% on Wednesday.</li>
<li>United Airlines Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) fell 11.5% to close at $28.21 as the coronavirus pandemic continues to negatively impact travel demand.</li>
<li>Greenhill &amp; Co., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ghl#NYSE">GHL</a>) shares declined 10.8% to close at $8.66.</li>
<li>CONSOL Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ceix#NYSE">CEIX</a>) shares tumbled 10.5% to close at $4.87.</li>
<li>Avis Budget Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/car#NASDAQ">CAR</a>) dipped 9.5% to close at $12.89.</li>
<li>ShiftPixy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pixy#NASDAQ">PIXY</a>) fell 9.4% to close at $6.56 after jumping 45% on Wednesday.</li>
<li>Sonnet BioTherapeutics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sonn#NASDAQ">SONN</a>) shares fell 9.4% to close at $6.09 after declining 16% on Wednesday.</li>
<li>NextDecade Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/next#NASDAQ">NEXT</a>) shares dropped 8.3% to close at $1.88.</li>
</ul>

Pre-Market Outlook

ABIO

AMWD

ATHX

BBBY

BMRA

Borqs Technologies, Inc. - Ordinary Shares

BRQS

BTAI

CALA

CANF

CEIX

CEMI

CGEN

CODX

CSPR

CTRA

CYCC

EDNT

EXTN

FLGT

GMBL

HUIZ

ICON

IIIN

ISSC

JACK

KRUS

LOVE

LTRPB

MESA

MFIN

MINI

MREO

OSUR

PIXY

PRPL

PUMP

RCUS

ROKU

SDGR

SNGX

SONN

TALO

THMO

VNDA

70 Biggest Movers From Yesterday

Advancing the transformation to an asset-light business model, Roadrunner Transportation Systems Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rrts#NYSE">RRTS</a>) announced that it has sold dry van business segment <a href="http://www.stagecoachcartage.com/">Stagecoach Cartage and Distribution LLC</a>.

Founded in 1986 and based in El Paso, Texas, Stagecoach provides over-the-road, local cartage and warehouse services to the "bulk resin and general freight markets." Stagecoach has 149 power units and 191 drivers, according to the Federal Motor Carrier Safety Administration's SAFER system.

Stagecoach Cartage was the first motor carrier permitted access into Mexico under the North American Free Trade Agreement in 2006. The company was acquired by Roadrunner in 2015, reporting financial results through Roadrunner's truckload (TL) segment.

Santa Teresa, New Mexico-based third-party logistics (3PL) provider <a href="https://www.jhrose.com/">J.H. Rose Logistics LLC</a> purchased Stagecoach.

Terms of the transaction were not disclosed.

In 2019, Roadrunner narrowed its focus, choosing to pursue asset-light offerings as a means of lowering its capital needs and ending several quarters of significant financial losses. As the restructuring has progressed, the company continues to book losses from a generally weak operating environment, expenses incurred from asset and acquisition write-downs and the costs associated with reorganizing the company.

In less than a year, Roadrunner has divested several business units, raising more than $300 million in the process. The bulk of which has been used to lower debt and lease obligations.

In September, Roadrunner <a href="https://www.freightwaves.com/news/rich-logistics-announces-closures-of-four-terminals-mass-layoffs-at-five-other-locations">cut its dry van operations</a> (Rich Logistics) by more than half, resulting in 450 layoffs and the closure of five terminals. In November, it sold its <a href="https://www.freightwaves.com/news/roadrunner-continues-to-restructure-sells-intermodal-unit-to-universal-logistics">intermodal business</a> (700 power units and 23 terminal locations) to Universal Logistics Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulh#NASDAQ">ULH</a>) for approximately $51 million in cash.

In December, the company divested its <a href="https://www.freightwaves.com/news/roadrunner-sells-flatbed-unit-another-step-in-restructuring">flatbed unit</a> for $30 million in cash and in late January of this year, Roadrunner sold its <a href="https://www.freightwaves.com/news/roadrunner-to-sell-prime-division-to-chrw-to-help-clean-up-balance-sheet">Prime Distribution Services unit</a> to C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) for $225 million in cash.

"The divestiture of our Stagecoach business unit is another step forward in our strategy to simplify our portfolio by focusing on our value-added logistics and asset-light LTL segments," said Roadrunner CEO Curt Stoelting.

On Thursday, the company announced that it plans to voluntarily <a href="https://www.freightwaves.com/news/roadrunner-announces-plans-to-delist-from-nyse">delist from the New York Stock Exchange</a> and deregister from reporting requirements with the U.S. Securities and Exchange Commission.

Since that announcement, shares of RRTS have fallen by more than 60%, closing at $2.51 per share Wednesday afternoon.

Shares of RRTS are expected to cease trading on the NYSE around April 17. Shares of Roadrunner's stock will continue to trade in the over-the-counter markets.

Asset Sales

CHRW

Roadrunner Unloads Another Unit, Sells Stagecoach Cartage

Roadrunner Transportation Reports Sale Of Stagecoach Cartage, Distribution, No Terms Disclosed

<h3>Gainers</h3>
<ul>
<li>Top Ships Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tops#NASDAQ">TOPS</a>) shares surged 130.2% to close at $0.5399 on Monday after jumping 193% on Friday.</li>
<li>SuperCom Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spcb#NASDAQ">SPCB</a>) shares jumped 120.4% to close at $1.08 on Monday after the company announced it has shipped Coronavirus quarantine compliance technology for an immediate pilot.</li>
<li>Plus Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pstv#NASDAQ">PSTV</a>) shares surged 57.6% to close at $2.27 after the company announced it has entered into an agreement to license multiple rare cancer drug product candidates from NanoTx for an upfront payment of $400,000 in cash and $300,000 in stock.</li>
<li>Owens &amp; Minor, Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omi#NYSE">OMI</a>) shares rose 52.3% to close at $8.39. The company&#39;s CEO appeared on CNBC on Friday and indicated the company is expanding capacity to meet personal protective equipment demand.</li>
<li>Pluristem Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psti#NASDAQ">PSTI</a>) gained 37.5% to close at $4.14 after the company said it treated first three patients in Israel under compassionate use program.</li>
<li>Athersys, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/athx#NASDAQ">ATHX</a>) climbed 32.1% to close at $2.59 after HEALIOS K.K. bought 4 million shares at an average price of $1.76 per share.</li>
<li>AIM ImmunoTech Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aim#NYSE">AIM</a>) shares gained 30.4% to close at $2.66.</li>
<li>Axcella Health Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axla#NASDAQ">AXLA</a>) surged 30.3% to close at $3.40.</li>
<li>Kraton Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kra#NYSE">KRA</a>) rose 29.9% to close at $8.65 after the company said coronavirus has had limited impact on its business results.</li>
<li>Frank&#39;s International N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fi#NYSE">FI</a>) surged 29.5% to close at $2.90.</li>
<li>Cars.com Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cars#NYSE">CARS</a>) rose 26.2% to close at $4.67. Citigroup maintained Cars.com with a Buy and lowered the price target from $12 to $8.</li>
<li>Passage Bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pasg#NASDAQ">PASG</a>) climbed 25.5% to close at $15.72.</li>
<li>Immunovant, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imvt#NASDAQ">IMVT</a>) gained 23.1% to close at $16.55 after reporting results from ongoing Phase 2a proof-of-concept study showing 65% mean reduction in total IgG observed from baseline to end of treatment.</li>
<li>OraSure Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/osur#NASDAQ">OSUR</a>) rose 20.9% to close at $9.83.</li>
<li>Recro Pharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reph#NASDAQ">REPH</a>) gained 20.5% to close at $8.00.</li>
<li>PBF Energy Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbf#NYSE">PBF</a>) jumped 20.1% to close at $7.64. Air Products acquired 5 hydrogen steam methane reformer plants from PBF Energy for $530 million.</li>
<li>Globus Maritime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glbs#NASDAQ">GLBS</a>) rose 20% to close at $0.72 after gaining around 18% on Friday.</li>
<li>Alpha Pro Tech, Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apt#NYSE">APT</a>) rose 18.9% to close at $13.32 after gaining around 20% on Friday.</li>
<li>BroadVision, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bvsn#NASDAQ">BVSN</a>) jumped 18.7% to close at $4.00 after the company agreed to Be acquired by ESW Capital at $4.375 per share.</li>
<li>OptimizeRx Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oprx#NASDAQ">OPRX</a>) gained 18.6% to close at $8.98.</li>
<li>Principia Biopharma Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prnb#NASDAQ">PRNB</a>) surged 18.2% to close at $59.92.</li>
<li>Nordic American Tankers Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nat#NYSE">NAT</a>) shares climbed 17.6% to close at $4.75.</li>
<li>Canadian Natural Resources Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnq#NYSE">CNQ</a>) gained 17.3% to close at $11.13.</li>
<li>Scorpio Bulkers Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/salt#NYSE">SALT</a>) rose 16.5% to close at $2.40.</li>
<li>DHT Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dht#NYSE">DHT</a>) rose 15.2% to close at $7.95.</li>
<li>Navios Maritime Acquisition Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nna#NYSE">NNA</a>) gained 13.6% to close at $5.00.</li>
<li>Natera, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntra#NASDAQ">NTRA</a>) gained 13.1% to close at $28.79.</li>
<li>BioNTech SE (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bntx#NASDAQ">BNTX</a>) shares climbed 12.7% to close at $62.00 as coronavirus continues to spread worldwide. The company is working on a coronavirus vaccine with Pfizer.</li>
<li>Teekay Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tk#NYSE">TK</a>) surged 10.7% to close at $3.10.</li>
<li>Stemline Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stml#NASDAQ">STML</a>) surged 8.2% to close at $4.76.</li>
<li>Evofem Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evfm#NASDAQ">EVFM</a>) rose 8% to close at $5.02.</li>
<li>Abbott Laboratories (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abt#NYSE">ABT</a>) rose 6.4% to close at $79.34 after the company announced the FDA issued Emergency Use Authorization to launch its test that can detect coronavirus within 5 minutes.</li>
<li>CPI Aerostructures, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvu#NYSE">CVU</a>) surged 6.4% to close at $2.37 after receiving $5.6 million purchase order from the US Air Force for T-38 aircraft modification kits.</li>
<li>Allied Healthcare Products, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ahpi#NASDAQ">AHPI</a>) shares rose 6.2% to close at $18.35.</li>
</ul>

<a href="https://www.benzinga.com/investing/best-penny-stocks/">Check out these big penny stock gainers and losers</a>
<h3>Losers</h3>
<ul>
<li>Second Sight Medical Products, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eyes#NASDAQ">EYES</a>) shares declined 50.7% to close at $1.14 on Monday after the company announced plans to lay off approximately 84 of its 108 employees effective March 31, 2020. The company will pursue orderly wind down of operations following evaluation of strategic alternatives and inability to secure added funding.</li>
<li>Roadrunner Transportation Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rrts#NYSE">RRTS</a>) fell 39.6% to close at $2.75.</li>
<li>Western Asset Mortgage Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmc#NYSE">WMC</a>) dropped 34.8% to close at $2.62.</li>
<li>AG Mortgage Investment Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mitt#NYSE">MITT</a>) shares dipped 30.4% to close at $2.75.</li>
<li>Tilray, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) fell 27.4% to close at $6.61 after gaining around 15% on Friday.</li>
<li>Groupon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grpn#NASDAQ">GRPN</a>) fell 25.2% to close at $0.9579 after climbing over 25% on Friday.</li>
<li>Trevi Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trvi#NASDAQ">TRVI</a>) dropped 25% to close at $1.71.</li>
<li>The Container Store Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tcs#NYSE">TCS</a>) slipped 24.5% to close at $2.40.</li>
<li>Granite Point Mortgage Trust Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gpmt#NYSE">GPMT</a>) fell 24.4% to close at $5.14.</li>
<li>RISE Education Cayman Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/redu#NYSE">REDU</a>) declined 23.9% to close at $3.73.</li>
<li>U.S. Gold Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/usau#NASDAQ">USAU</a>) shares dipped 23.7% to close at $5.34 after the company reported a $2 million registered direct offering.</li>
<li>The New Home Company Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nwhm#NYSE">NWHM</a>) declined 23.6% to close at $1.75.</li>
<li>BIO-key International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkyi#NASDAQ">BKYI</a>) fell 23.5% to close at $0.8040. BIO-Key International shares jumped around 92% on Friday after the company won a $45 million contract for its biometric software and hardware solutions.</li>
<li>DHI Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dhx#NYSE">DHX</a>) declined 22.4% to close at $1.84.</li>
<li>Invesco Mortgage Capital Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivr#NYSE">IVR</a>) fell 22.2% to close at $3.65.</li>
<li>BBQ Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbq#NYSE">BBQ</a>) fell 22.1% to close at $1.87.</li>
<li>Mesa Air Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mesa#NASDAQ">MESA</a>) dipped 21.1% to close at $5.41.</li>
<li>Ekso Bionics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ekso#NASDAQ">EKSO</a>) shares tumbled 21.1% to close at $3.03.</li>
<li>Eldorado Resorts, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eri#NASDAQ">ERI</a>) dropped 20.4% to close at $12.05.</li>
<li>TEGNA Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgna#NASDAQ">TGNA</a>) fell 19.2% to close at $10.68 following media reports that Apollo is no longer pursuing acquisition of Tegna.</li>
<li>Sotherly Hotels Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/soho#NYSE">SOHO</a>) dropped 19.1% to close at $1.65.</li>
<li>PlayAGS, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ags#NYSE">AGS</a>) fell 19.1% to close at $2.75.</li>
<li>Arbor Realty Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abr#NYSE">ABR</a>) shares declined 19% to close at $5.54.</li>
<li>NN, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nnbr#NASDAQ">NNBR</a>) dropped 19% to close at $1.83.</li>
<li>The Michaels Companies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mik#NASDAQ">MIK</a>) fell 18.8% to close at $1.64.</li>
<li>Spirit AeroSystems Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spr#NYSE">SPR</a>) fell 18.5% to close at $24.25.</li>
<li>Select Energy Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wttr#NYSE">WTTR</a>) fell 18.4% to close at $2.92.</li>
<li>Red Robin Gourmet Burgers, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rrgb#NASDAQ">RRGB</a>) declined 18.2% to close at $8.40.</li>
<li>Ladder Capital Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ladr#NYSE">LADR</a>) dipped 18.2% to close at $5.44.</li>
<li>Cinemark Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnk#NYSE">CNK</a>) fell 17.9% to close at $10.10.</li>
<li>QuickLogic Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/quik#NASDAQ">QUIK</a>) shares declined 17.4% to close at $2.51.</li>
<li>Redwood Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rwt#NYSE">RWT</a>) fell 17.2% to close at $5.14.</li>
<li>Lands&#39; End, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/le#NASDAQ">LE</a>) dropped 17% to close at $5.13.</li>
<li>Service Properties Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/svc#NASDAQ">SVC</a>) tumbled 16.9% to close at $5.81.</li>
<li>Hersha Hospitality Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ht#NYSE">HT</a>) shares declined 16.5% to close at $3.39.</li>
<li>Green Plains Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gpre#NASDAQ">GPRE</a>) fell 16.4% to close at $4.08.</li>
<li>Ares Commercial Real Estate Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acre#NYSE">ACRE</a>) dropped 15.6% to close at $7.14.</li>
<li>Apache Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apa#NYSE">APA</a>) shares declined 15.4% to close at $4.11.</li>
<li>TPG RE Finance Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trtx#NYSE">TRTX</a>) fell 15.4% to close at $5.00.</li>
<li>Coty Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/coty#NYSE">COTY</a>) declined 14.3% to close at $5.41.</li>
<li>Carnival Corporation &amp; Plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>) fell 11.2% to close at $12.80. Carnival&rsquo;s subsidiary Cunard announced plans to pause voyages until May 15.</li>
<li>ING Groep N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ing#NYSE">ING</a>) fell 9.4% to close at $5.47 after the company suspended its dividend until at least October 2020 due to coronavirus concerns.</li>
<li>Axsome Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axsm#NASDAQ">AXSM</a>) shares fell 9% to close at $57.58 after the company announced the primary endpoint for its STRIDE-1 Phase 3 trial did not reach statistical significance.</li>
<li>PDC Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pdce#NASDAQ">PDCE</a>) shares tumbled 8.9% to close at $5.73.</li>
<li>Carnival Corporation &amp; Plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cuk#NYSE">CUK</a>) fell 8.1% to close at $11.30 after the company&#39;s Cunard subsidiary announced it will extend the suspension of all voyages for an additional month from April 11 up to May 15, 2020.</li>
<li>Targa Resources Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trgp#NYSE">TRGP</a>) shares declined 7.3% to close at $6.48.</li>
</ul>

ACRE

AHPI

AXLA

AXSM

BKYI

BNTX

BVSN

CARS

COTY

EKSO

EVFM

EYES

GLBS

GPMT

GPRE

GRPN

IMVT

LADR

MITT

NNBR

NTRA

NWHM

OPRX

PASG

PDCE

PRNB

PSTI

PSTV

QUIK

REDU

REPH

RRGB

SALT

SOHO

SPCB

STML

TGNA

TLRY

TOPS

TRGP

TRTX

TRVI

USAU

WTTR

80 Biggest Movers From Yesterday

<h3>Gainers</h3>
<ul>
<li>BIO-key International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkyi#NASDAQ">BKYI</a>) shares jumped 91.8% to close at $1.05 on Friday after the company won a $45 million contract for its biometric software and hardware solutions.</li>
<li>Ekso Bionics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ekso#NASDAQ">EKSO</a>) rose 51.2% to close at $3.84.</li>
<li>THL Credit, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcrd#NASDAQ">TCRD</a>) gained 48.5% to close at $2.94 after gaining over 17% on Thursday.</li>
<li>NexPoint Real Estate Finance, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nref#NYSE">NREF</a>) rose 33.9% to close at $9.45.</li>
<li>Green Plains Partners LP (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gpp#NASDAQ">GPP</a>) gained 33.5% to close at $7.10.</li>
<li>Bio-Path Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bpth#NASDAQ">BPTH</a>) rose 32.3% to close at $5.07.</li>
<li>Clovis Oncology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clvs#NASDAQ">CLVS</a>) gained 32% to close at $7.13.</li>
<li>Eton Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eton#NASDAQ">ETON</a>) climbed 31% to close at $4.36 after the company reported the purchase of US marketing rights to pediatric orphan drug Alkindi Sprinkle.</li>
<li>Nesco Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nsco#NYSE">NSCO</a>) gained 25% to close at $3.55.</li>
<li>Eyenovia, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eyen#NASDAQ">EYEN</a>) climbed 23.9% to close at $2.85.</li>
<li>Ares Commercial Real Estate Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acre#NYSE">ACRE</a>) surged 21.2% to close at $8.79.</li>
<li>Alpha Pro Tech, Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apt#NYSE">APT</a>) surged 19.8% to close at $11.20.</li>
<li>CooTek (Cayman) Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctk#NYSE">CTK</a>) gained 18.9% to close at $6.85.</li>
<li>Sirius International Insurance Group, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sg#NASDAQ">SG</a>) rose 18.7% to close at $8.50.</li>
<li>Nautilus, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nls#NYSE">NLS</a>) gained 18.6% to close at $2.80.</li>
<li>Navios Maritime Acquisition Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nna#NYSE">NNA</a>) surged 16.7% to close at $4.40.</li>
<li>Inovio Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ino#NASDAQ">INO</a>) gained 16.4% to close at $8.32 amid growing global coronavirus fears, as the company is working on a coronavirus vaccine.</li>
<li>Sharps Compliance Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smed#NASDAQ">SMED</a>) rose 16.1% to close at $6.77.</li>
<li>Tilray, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) climbed 15.2% to close at $9.10 on continued momentum from recent sessions.</li>
<li>Sutter Rock Capital Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssss#NASDAQ">SSSS</a>) gained 15.2% to close at $5.67.</li>
<li>BBQ Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbq#NYSE">BBQ</a>) rose 14.8% to close at $2.40.</li>
<li>KKR Real Estate Finance Trust Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kref#NYSE">KREF</a>) gained 14.8% to close at $15.57.</li>
<li>SmileDirectClub, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sdc#NASDAQ">SDC</a>) rose 13.4% to close at $5.50 after the company&#39;s company announced plans to produce face shields for medical personnel amidst COVID-19 pandemic.</li>
</ul>

<a href="https://www.benzinga.com/investing/best-penny-stocks/">Check out these big penny stock gainers and losers</a>
<h3>Losers</h3>
<ul>
<li>California Resources Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crc#NYSE">CRC</a>) dipped 46.6% to close at $1.32 on Friday following bankruptcy chatter.</li>
<li>Arbutus Biopharma Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abus#NASDAQ">ABUS</a>) shares tumbled 46.5% to close at $1.21 on Friday. Arbutus Biopharma announced positive preliminary results from a Phase 1a/1b clinical study of its RNAi therapy AB-729 in healthy subjects and two cohorts of chronic hepatitis B subjects on nucleos(t)ide antiviral therapy. The study was meant to determine the most effective dose and dosing interval for use in future Phase 2 combination clinical trials.</li>
<li>Borr Drilling Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/borr#NYSE">BORR</a>) shares fell 38.7% to close at $0.46 after rising over 54% on Thursday.</li>
<li>Chanticleer Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/burg#NASDAQ">BURG</a>) dropped 38% to close at $0.49 after gaining around 98% on Thursday.</li>
<li>Roadrunner Transportation Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rrts#NYSE">RRTS</a>) declined 34.3% to close at $4.55 after the company announced plans to voluntarily withdraw from NYSE and deregister with the SEC.</li>
<li>Micron Solutions, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/micr#NYSE">MICR</a>) fell 29.7% to close at $1.73.</li>
<li>The Michaels Companies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mik#NASDAQ">MIK</a>) dipped 27.3% to close at $2.02.</li>
<li>BGC Partners, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgcp#NASDAQ">BGCP</a>) dropped 25.8% to close at $2.42 after Raymond James downgraded the stock from Strong Buy to Market Perform.</li>
<li>Houghton Mifflin Harcourt Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hmhc#NASDAQ">HMHC</a>) slipped 25.5% to close at $2.10 after the company announced steps to address the coronavirus.</li>
<li>Regis Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rgs#NYSE">RGS</a>) dropped 25.2% to close at $6.57.</li>
<li>Brinker International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eat#NYSE">EAT</a>) dipped 23.7% to close at $11.07.</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nclh#NYSE">NCLH</a>) declined 23.5% to close at $12.02.</li>
<li>Commercial Vehicle Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvgi#NASDAQ">CVGI</a>) fell 22.3% to close at $1.57.</li>
<li>Arlington Asset Investment Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ai#NYSE">AI</a>) fell 21.8% to close at $2.66. Arlington Asset Investment determined not to declare a Q1 common stock dividend.</li>
<li>Black Diamond Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bdtx#NASDAQ">BDTX</a>) declined 21.8% to close at $24.11.</li>
<li>Crestwood Equity Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ceqp#NYSE">CEQP</a>) fell 21.7% to close at $3.80.</li>
<li>JELD-WEN Holding, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jeld#NYSE">JELD</a>) dropped 21.5% to close at $9.76.</li>
<li>Playa Hotels &amp; Resorts N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plya#NASDAQ">PLYA</a>) dipped 21.5% to close at $1.83.</li>
<li>Scientific Games Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgms#NASDAQ">SGMS</a>) fell 21.2% to close at $8.34.</li>
<li>Adient plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adnt#NYSE">ADNT</a>) fell 21.1% to close at $9.17.</li>
<li>Kura Sushi USA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krus#NASDAQ">KRUS</a>) dropped 20.8% to close at $11.47.</li>
<li>PBF Energy Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbf#NYSE">PBF</a>) fell 20.5% to close at $6.36.</li>
<li>Spirit AeroSystems Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spr#NYSE">SPR</a>) dropped 19.3% to close at $29.74.</li>
<li>PDC Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pdce#NASDAQ">PDCE</a>) declined 19.3% to close at $6.29.</li>
<li>RadNet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdnt#NASDAQ">RDNT</a>) fell 19.2% to close at $9.33.</li>
<li>Carnival Corporation &amp; Plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>) fell 19.1% to close at $14.41 after gaining around 15% on Thursday.</li>
<li>Northwest Pipe Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwpx#NASDAQ">NWPX</a>) dropped 19% to close at $21.60.</li>
<li>Liquidity Services, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lqdt#NASDAQ">LQDT</a>) declined 18.6% to close at $3.06.</li>
<li>Fiesta Restaurant Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frgi#NASDAQ">FRGI</a>) declined 18.6% to close at $4.56.</li>
<li>Liberty TripAdvisor Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ltrpa#NASDAQ">LTRPA</a>) shares tumbled 18.5% to close at $1.89.</li>
<li>NN, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nnbr#NASDAQ">NNBR</a>) dropped 18.4% to close at $2.26.</li>
<li>Pyxus International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pyx#NYSE">PYX</a>) declined 18.3% to close at $2.85.</li>
<li>Golden Entertainment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gden#NASDAQ">GDEN</a>) fell 18% to close at $6.64. Moody&rsquo;s downgraded Golden Entertainment&rsquo;s Corporate Family Ratings from B2 to B3.</li>
<li>U.S. Gold Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/usau#NASDAQ">USAU</a>) dipped 17.7% to close at $7.00.</li>
<li>The Cheesecake Factory Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cake#NASDAQ">CAKE</a>) dropped 17.7% to close at $16.18.</li>
<li>Homology Medicines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fixx#NASDAQ">FIXX</a>) tumbled 17.5% to close at $14.01.</li>
<li>Pembina Pipeline Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pba#NYSE">PBA</a>) dropped 17.5% to close at $17.22.</li>
<li>Sunrun Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/run#NASDAQ">RUN</a>) declined 17.5% to close at $10.22.</li>
<li>Banco Latinoamericano de Comercio Exterior, S.A (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blx#NYSE">BLX</a>) dropped 17.4% to close at $10.51.</li>
<li>Carnival Corporation &amp; Plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cuk#NYSE">CUK</a>) fell 17.3% to close at $12.30 after rising over 9% on Thursday.</li>
<li>Forterra, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frta#NASDAQ">FRTA</a>) fell 17.1% to close at $5.00.</li>
<li>Constellium SE (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cstm#NYSE">CSTM</a>) dropped 17% to close at $5.37.</li>
<li>National CineMedia, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncmi#NASDAQ">NCMI</a>) dipped 17% to close at $3.07.</li>
<li>Signet Jewelers Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sig#NYSE">SIG</a>) shares fell 17% to close at $7.90. Signet Jewelers shares jumped around 30% on Thursday after the company reported better-than-expected Q4 results.</li>
<li>Cross Country Healthcare, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ccrn#NASDAQ">CCRN</a>) tumbled 16.9% to close at $6.18.</li>
<li>BG Staffing, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bgsf#NYSE">BGSF</a>) fell 16.9% to close at $8.64.</li>
<li>Denny&#39;s Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/denn#NASDAQ">DENN</a>) dipped 16.5% to close at $8.40.</li>
<li>Jack in the Box Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jack#NASDAQ">JACK</a>) fell 16.4% to close at $29.52.</li>
<li>Harsco Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hsc#NYSE">HSC</a>) tumbled 16.4% to close at $6.33.</li>
<li>Air Lease Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>) shares fell 16.4% to close at $20.93.</li>
<li>ViewRay, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vray#NASDAQ">VRAY</a>) dropped 16.3% to close at $2.11.</li>
<li>Acer Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acer#NASDAQ">ACER</a>) dipped 16.3% to close at $1.85.</li>
<li>Triumph Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgi#NYSE">TGI</a>) shares fell 16.2% to close at $7.03.</li>
<li>Citizens, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cia#NYSE">CIA</a>) shares declined 16.1% to close at $5.62.</li>
<li>Wayfair Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/w#NYSE">W</a>) fell 16% to close at $46.30.</li>
<li>BioSig Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsgm#NASDAQ">BSGM</a>) dropped 16% to close at $5.15.</li>
<li>Mr. Cooper Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coop#NASDAQ">COOP</a>) fell 15.9% to close at $6.76.</li>
<li>Global Cord Blood Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/co#NYSE">CO</a>) tumbled 15.7% to close at $3.00.</li>
<li>Bloomin&#39; Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blmn#NASDAQ">BLMN</a>) shares declined 15.1% to close at $6.66.</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axl#NYSE">AXL</a>) shares dipped 14.9% to close at $3.78.</li>
<li>Kornit Digital Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krnt#NASDAQ">KRNT</a>) fell 14.8% to close at $25.44 after the company disclosed that it is withdrawing its Q1 guidance. The company projects Q1 revenue to be 35%-45% below the $47 million low end of prior outlook.</li>
<li>Yelp Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yelp#NYSE">YELP</a>) shares declined 14.5% to close at $18.64.</li>
<li>Flex LNG Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flng#NYSE">FLNG</a>) fell 13.1% to close at $4.45 after gaining around 27% on Thursday.</li>
<li>Regional Management Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rm#NYSE">RM</a>) shares fell 13% to close at $14.50.</li>
<li>Anheuser-Busch InBev SA/NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bud#NYSE">BUD</a>) fell 7.2% to close at $42.99.</li>
<li>Golden Ocean Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gogl#NASDAQ">GOGL</a>) fell 6.6% to close at $2.71 after gaining over 7% on Thursday.</li>
<li>Intellicheck, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idn#NASDAQ">IDN</a>) shares declined 6.5% to close at $3.91.</li>
</ul>

ABUS

ACER

ADNT

BDTX

BGCP

BGSF

BLMN

BORR

BPTH

BSGM

BURG

CAKE

CCRN

CEQP

CLVS

COOP

CSTM

CVGI

DENN

ETON

EYEN

FIXX

FLNG

FRGI

FRTA

GDEN

GOGL

HMHC

JELD

KREF

KRNT

LQDT

LTRPA

MICR

NCLH

NCMI

NREF

NSCO

NWPX

PLYA

RDNT

SGMS

SMED

SSSS

TCRD

VRAY

YELP

90 Biggest Movers From Friday

Toward the end of trading Friday, the Dow traded down 2.44% to 22000.99 while the NASDAQ fell 2.10% to 7633.74. The S&amp;P also fell, dropping 2.01% to 2,577.18.
The number of coronavirus cases in the U.S. surpassed those in China and Italy. U.S. reported a total of 85,900 coronavirus cases with around 1,290 deaths. Italy reported a total of at least 80,500 confirmed cases and 8,200 deaths, while Spain confirmed a total of over 57,700 coronavirus cases. Mainland China reported 55 new cases on Thursday. In total, there are at least 542,700 cases of COVID-19 worldwide with over 24,300 deaths, according to Johns Hopkins University.
Leading and Lagging Sectors
Utilities shares rose 0.8% on Friday. Meanwhile, top gainers in the sector included Cadiz Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdzi#NASDAQ">CDZI</a>), up 12%, and NorthWestern Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nwe#NYSE">NWE</a>), up 5%.
In trading on Friday, energy shares dipped 5.8%.
Top Headline
GameStop Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>) reported upbeat earnings for its fourth quarter, while sales missed views. The company also suspended its annual guidance on Thursday.
GameStop reported quarterly earnings of $1.27 per share on Thursday, which beat the analyst consensus estimate of 79 cents. The company reported quarterly sales of $2.194 billion, which missed the analyst consensus estimate of $2.24 billion.
Fourth-quarter comparable store sales were down 26.1% year over year.

Equities Trading UP
SmileDirectClub, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sdc#NASDAQ">SDC</a>) shares shot up 18% to $5.73 after the company announced it&#39;s now producing medical-grade face shields for health care workers amidst the coronavirus (COVID-19) pandemic.
Shares of BIO-key International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkyi#NASDAQ">BKYI</a>) got a boost, shooting 170% to $1.48 after the company was awarded a $45 million contract for its biometric software and hardware solutions. The contract involves building an e-commerce infrastructure across Nigeria to support the creation of employment for 1 million people.
Eton Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eton#NASDAQ">ETON</a>) shares were also up, gaining 23% to $4.09 after the company reported the purchase of US marketing rights to pediatric orphan drug Alkindi Sprinkle.

Equities Trading DOWN
Arbutus Biopharma Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abus#NASDAQ">ABUS</a>) shares tumbled 46% to $1.21. Arbutus Biopharma announced positive preliminary results from a Phase 1a/1b clinical study of its RNAi therapy AB-729 in healthy subjects and two cohorts of chronic hepatitis B subjects on nucleos(t)ide antiviral therapy. The study was meant to determine the most effective dose and dosing interval for use in future Phase 2 combination clinical trials.
Shares of Roadrunner Transportation Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rrts#NYSE">RRTS</a>) were down 28% to $5.02 after the company announced plans to voluntarily withdraw from NYSE and deregister with the SEC.
BGC Partners, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgcp#NASDAQ">BGCP</a>) was down, falling 27% to $2.3850 after Raymond James downgraded the stock from Strong Buy to Market Perform.
Commodities

In commodity news, oil traded down 6.4% to $21.15, while gold traded down 1.7% to $1,622.40.
Silver traded down 0.8% Friday to $14.555, while copper fell 0.3% to $2.172.
Euro zone
European shares closed lower today. The eurozone&rsquo;s STOXX 600 fell 3.26% the Spanish Ibex Index fell 3.63%, while Italy&rsquo;s FTSE MIB Index fell 3.15%. Meanwhile, the German DAX dropped 3.68%, and the French CAC 40 fell 4.23% while UK shares fell 5.25%.

Economics
U.S. personal spending increased 0.2% month-over-month in February, while personal income rose by 0.6%.
The University of Michigan&#39;s consumer sentiment fell to 89.1 in March, versus a reading of 101.0 in February.
The total number of active U.S. oil rigs slipped by 40 to 624 rigs this week, Baker Hughes Inc reported.

Earnings

Eurozone

Commodities

Global

CDZI

Mid-Afternoon Market Update: Dow Falls 550 Points; BIO-key Shares Spike Higher

<h3>Gainers</h3>
<ul>
<li>BIO-key International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkyi#NASDAQ">BKYI</a>) shares climbed 269% to $2.02 after the company won a $45 million contract for its biometric software and hardware solutions.</li>
<li>THL Credit, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcrd#NASDAQ">TCRD</a>) jumped 72% to $3.4056 after gaining over 17% on Thursday.</li>
<li>Astrotech Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/astc#NASDAQ">ASTC</a>) shares gained 37.5% to $4.77 after the company said its BreathTest-1000 lung disease screening device has been &#39;confirmed to detect lung disease metabolites at parts per billion.&#39;</li>
<li>BBQ Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbq#NYSE">BBQ</a>) rose 29.2% to $2.7011.</li>
<li>Eton Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eton#NASDAQ">ETON</a>) gained 28.2% to $4.2685 after the company reported the purchase of US marketing rights to pediatric orphan drug Alkindi Sprinkle.</li>
<li>Battalion Oil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/batl#NYSE">BATL</a>) shares rose 25.1% to $7.02 after surging around 116% on Thursday.</li>
<li>Allied Healthcare Products, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ahpi#NASDAQ">AHPI</a>) surged 22% to $20.30.</li>
<li>CooTek (Cayman) Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctk#NYSE">CTK</a>) gained 19.8% to $6.90.</li>
<li>Tilray, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) gained 19% to $9.38 on continued momentum from recent sessions.</li>
<li>Alpha Pro Tech, Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apt#NYSE">APT</a>) gained 15.7% to $10.81.</li>
<li>Sientra, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sien#NASDAQ">SIEN</a>) surged 15.2% to $2.66.</li>
<li>SmileDirectClub, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sdc#NASDAQ">SDC</a>) rose 14.6% to $5.56 after the company announced it&#39;s now producing medical-grade face shields for health care workers amidst the coronavirus (COVID-19) pandemic.</li>
<li>Ares Commercial Real Estate Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acre#NYSE">ACRE</a>) surged 14.6% to $8.31.</li>
<li>NanoVibronix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/naov#NASDAQ">NAOV</a>) gained 13.5% to $2.78.</li>
<li>Invesco Mortgage Capital Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivr#NYSE">IVR</a>) rose 12.2% to $4.96 after surging around 67% on Thursday.</li>
<li>Sutter Rock Capital Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssss#NASDAQ">SSSS</a>) gained 10.8% to $5.45.</li>
<li>New York Mortgage Trust, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nymt#NASDAQ">NYMT</a>) shares rose 10.5% to $2.00 after jumping over 48% on Thursday.</li>
<li>Exantas Capital Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xan#NASDAQ">XAN</a>) rose 9.3% to $2.8617 after climbing over 36% on Thursday.</li>
<li>LightInTheBox Holding Co., Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/litb#NYSE">LITB</a>) shares rose 7.1% to $0.8350 after the company disclosed that it is making urgently needed medical supplies worldwide available to support the fight against the coronavirus pandemic.</li>
</ul>
&nbsp;
<a href="https://www.benzinga.com/investing/best-penny-stocks/">Check out these big penny stock gainers and losers</a>
<h3>Losers</h3>
<ul>
<li>Arbutus Biopharma Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abus#NASDAQ">ABUS</a>) shares dipped 42.5% to $1.3001. Arbutus Biopharma announced positive preliminary results from a Phase 1a/1b clinical study of its RNAi therapy AB-729 in healthy subjects and two cohorts of chronic hepatitis B subjects on nucleos(t)ide antiviral therapy. The study was meant to determine the most effective dose and dosing interval for use in future Phase 2 combination clinical trials.</li>
<li>Chanticleer Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/burg#NASDAQ">BURG</a>) fell 35.5% to $0.5099 after gaining around 98% on Thursday.</li>
<li>Borr Drilling Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/borr#NYSE">BORR</a>) shares fell 30.7% to $0.52 after rising over 54% on Thursday.</li>
<li>Roadrunner Transportation Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rrts#NYSE">RRTS</a>) declined 30.5% to $4.8163 after the company announced plans to voluntarily withdraw from NYSE and deregister with the SEC.</li>
<li>BGC Partners, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgcp#NASDAQ">BGCP</a>) dropped 27.3% to $2.3698 after Raymond James downgraded the stock from Strong Buy to Market Perform.</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nclh#NYSE">NCLH</a>) fell 22% to $12.25.</li>
<li>Regional Management Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rm#NYSE">RM</a>) shares slipped 21.1% to $13.15.</li>
<li>Kornit Digital Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krnt#NASDAQ">KRNT</a>) fell 20.9% to $23.64 after the company disclosed that it is withdrawing its Q1 guidance. The company projects Q1 revenue to be 35%-45% below the $47 million low end of prior outlook.</li>
<li>U.S. Gold Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/usau#NASDAQ">USAU</a>) dipped 19.3% to $6.86.</li>
<li>Regis Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rgs#NYSE">RGS</a>) dropped 19% to $7.11.</li>
<li>Houghton Mifflin Harcourt Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hmhc#NASDAQ">HMHC</a>) slipped 19% to $2.2775 after the company announced steps to address the coronavirus.</li>
<li>Carnival Corporation &amp; Plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>) fell 18.7% to $14.47 after gaining around 15% on Thursday.</li>
<li>Golden Entertainment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gden#NASDAQ">GDEN</a>) fell 18.3% to $6.61. Moody&rsquo;s downgraded Golden Entertainment&rsquo;s Corporate Family Ratings from B2 to B3.</li>
<li>Playa Hotels &amp; Resorts N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plya#NASDAQ">PLYA</a>) dipped 18.2% to $1.905.</li>
<li>ViewRay, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vray#NASDAQ">VRAY</a>) dropped 17.9% to $2.07.</li>
<li>The Michaels Companies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mik#NASDAQ">MIK</a>) dipped 17% to $2.31.</li>
<li>Flex LNG Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flng#NYSE">FLNG</a>) fell 17.4% to $4.23 after gaining around 27% on Thursday.</li>
<li>Carnival Corporation &amp; Plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cuk#NYSE">CUK</a>) fell 17.3% to $12.31 after rising over 9% on Thursday.</li>
<li>Brinker International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eat#NYSE">EAT</a>) dipped 16.7% to $12.11.</li>
<li>PBF Energy Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbf#NYSE">PBF</a>) fell 15.8% to $6.74.</li>
<li>Global Cord Blood Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/co#NYSE">CO</a>) tumbled 15.8% to $2.9967.</li>
<li>Wayfair Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/w#NYSE">W</a>) fell 15.5% to $46.56.</li>
<li>BioSig Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsgm#NASDAQ">BSGM</a>) dropped 15.3% to $5.19.</li>
<li>Bloomin&#39; Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blmn#NASDAQ">BLMN</a>) shares declined 14.8% to $6.68.</li>
<li>Intellicheck, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idn#NASDAQ">IDN</a>) shares declined 14.7% to $3.5650.</li>
<li>Adient plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adnt#NYSE">ADNT</a>) fell 14.4% to $9.94.</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axl#NYSE">AXL</a>) shares dipped 14% to $3.81.</li>
<li>Scientific Games Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgms#NASDAQ">SGMS</a>) fell 13.9% to $9.12.</li>
<li>Yelp Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yelp#NYSE">YELP</a>) shares declined 13.8% to $18.77.</li>
<li>Constellium SE (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cstm#NYSE">CSTM</a>) dropped 13.6% to $5.59.</li>
<li>Penn Virginia Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pvac#NASDAQ">PVAC</a>) fell 12% to $3.2050after jumping over 25% on Thursday.</li>
<li>Signet Jewelers Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sig#NYSE">SIG</a>) shares fell 10.6% to $8.51. Signet Jewelers shares jumped around 30% on Thursday after the company reported better-than-expected Q4 results.</li>
<li>Arlington Asset Investment Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ai#NYSE">AI</a>) fell 9.7% to $3.0701. Arlington Asset Investment determined not to declare a Q1 common stock dividend.</li>
<li>Golden Ocean Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gogl#NASDAQ">GOGL</a>) fell 8.5% to $2.66 after gaining over 7% on Thursday.</li>
<li>HDFC Bank Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hdb#NYSE">HDB</a>) fell 8.2% to $37.87 after climbing over 11% on Thursday.</li>
<li>Anheuser-Busch InBev SA/NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bud#NYSE">BUD</a>) fell 8% to $42.59.</li>
</ul>

ASTC

BATL

LITB

NAOV

NYMT

PVAC

SIEN

55 Stocks Moving In Friday's Mid-Day Session

Midway through trading Friday, the Dow traded down 3.28% to 21,813.29 while the NASDAQ fell 2.93% to 7,569.42. The S&amp;P also fell, dropping 2.91% to 2,553.41.
The number of coronavirus cases in the U.S. surpassed those in China and Italy. U.S. reported a total of 85,900 coronavirus cases with around 1,290 deaths. Italy reported a total of at least 80,500 confirmed cases and 8,200 deaths, while Spain confirmed a total of over 57,700 coronavirus cases. Mainland China reported 55 new cases on Thursday. In total, there are at least 542,700 cases of COVID-19 worldwide with over 24,300 deaths, according to Johns Hopkins University.
Leading and Lagging Sectors
Consumer staples shares slipped by just 0.4% on Friday. Meanwhile, top gainers in the sector included Rite Aid Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rad#NYSE">RAD</a>), up 8%, and Bioceres Crop Solutions Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/biox#NYSE">BIOX</a>), up 7%.
In trading on Friday, energy shares dipped 4.5%.
Top Headline
GameStop Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>) reported upbeat earnings for its fourth quarter, while sales missed views. The company also suspended its annual guidance on Thursday.
GameStop reported quarterly earnings of $1.27 per share on Thursday, which beat the analyst consensus estimate of 79 cents. The company reported quarterly sales of $2.194 billion, which missed the analyst consensus estimate of $2.24 billion.
Fourth-quarter comparable store sales were down 26.1% year over year.

Equities Trading UP
SmileDirectClub, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sdc#NASDAQ">SDC</a>) shares shot up 18% to $5.71 after the company announced it&#39;s now producing medical-grade face shields for health care workers amidst the coronavirus (COVID-19) pandemic.
Shares of BIO-key International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkyi#NASDAQ">BKYI</a>) got a boost, shooting 298% to $2.18 after the company won a $45 million contract for its biometric software and hardware solutions.
Eton Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eton#NASDAQ">ETON</a>) shares were also up, gaining 18% to $3.93 after the company reported the purchase of US marketing rights to pediatric orphan drug Alkindi Sprinkle.

Equities Trading DOWN
Arbutus Biopharma Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abus#NASDAQ">ABUS</a>) shares tumbled 43% to $1.2950. Arbutus Biopharma announced positive preliminary results from a Phase 1a/1b clinical study of its RNAi therapy AB-729 in healthy subjects and two cohorts of chronic hepatitis B subjects on nucleos(t)ide antiviral therapy. The study was meant to determine the most effective dose and dosing interval for use in future Phase 2 combination clinical trials.
Shares of Roadrunner Transportation Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rrts#NYSE">RRTS</a>) were down 30% to $4.8326 after the company announced plans to voluntarily withdraw from NYSE and deregister with the SEC.
BGC Partners, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgcp#NASDAQ">BGCP</a>) was down, falling 26% to $2.3999 after Raymond James downgraded the stock from Strong Buy to Market Perform.
Commodities

In commodity news, oil traded down 5.2% to $21.43, while gold traded down 1.6% to $1,625.10.
Silver traded down 1.2% Friday to $14.495, while copper rose 0.2% to $2.1815.
Euro zone
European shares were lower today. The eurozone&rsquo;s STOXX 600 fell 3.7% the Spanish Ibex Index fell 4.3%, while Italy&rsquo;s FTSE MIB Index fell 3.3%. Meanwhile, the German DAX dropped 4%, and the French CAC 40 fell 5% while UK shares fell 5.5%.

Economics
U.S. personal spending increased 0.2% month-over-month in February, while personal income rose by 0.6%.
The University of Michigan&#39;s consumer sentiment fell to 89.1 in March, versus a reading of 101.0 in February.
The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
Federal Reserve Bank of Atlanta President Raphael Bostic is set to speak at 2:00 p.m. ET.

Mid-Day Market Update: Crude Oil Down Over 5%; SmileDirectClub Shares Jump

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