Why Tilray Brands Shares Are Trading Lower By Around 22%? Here Are Other Stocks Moving In Tuesday’s Mid-Day Session

Shares of Tilray Brands, Inc. TLRY fell sharply during Tuesday’s session after the company missed third-quarter estimates and said it no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024.

Tilray Brands reported financial results on Tuesday for its third quarter ended Feb. 29, 2024, revealing $188.3 million in net revenue, representing a 30% year-over-year increase. Net loss decreased to $105 million in the third quarter compared to a net loss of $1.2 billion in the prior year quarter.

Tilray Brands shares dipped 22.2% to $2.0152 on Tuesday.

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

Gainers

• Laser Photonics Corporation LASE shares climbed 168% to $3.82 after the company announced it secured an order for its LaserTower COMPACT marking and engraving system from L3Harris Technologies.
• BioSig Technologies, Inc. BSGM shares surged 123% to $2.77 after jumping over 96% on Monday.
• Mobile Global Esports Inc. MGAM jumped 100% to $0.2440.
• Acrivon Therapeutics, Inc. ACRV climbed 62.4% to $9.60. The company announced a $130 million private placement financing.
• Selina Hospitality PLC SLNA gained 47% to $0.0588. Selina management reaffirmed its confidence in its strategy and highlighted alignment with shareholders through equity ownership in the company.
• MediaCo Holding Inc. MDIA shares jumped 37.3% to $4.15 after falling 22% on Monday. On April 4, an SEC filing showed Standard General L.P. reported a 95.2% stake in the company, as of April 1.
• Motorsport Games Inc. MSGM surged 34% to $2.73.
• Rail Vision Ltd. RVSN gained 29% to $2.02 after the company announced that it secured an order for its AI-powered Switch Yard System from a Class 1 freight rail company in North America.
• Anghami Inc. ANGH surged 28.5% to $1.44.
• Biophytis S.A. BPTS rose 24.9% to $0.3959 after reporting FY23 results.
• Syros Pharmaceuticals, Inc. SYRS climbed 21.1% to $5.45. Syros received Fast Track Designation from the FDA for tamibarotene for the treatment of newly diagnosed unfit AML with RARA gene overexpression.
• MyMD Pharmaceuticals, Inc. MYMD shares climbed 19.9% to $3.1175 after jumping 22% on Monday.
• Assure Holdings Corp. IONM rose 19.7% to $0.7150.
• Anghami Inc. ANGH gained 17.6% to $1.3190 after dipping over 3% on Monday.
• CaliberCos Inc. CWD gained 16.8% to $1.04.
• MSP Recovery, Inc. LIFW rose 16% to $1.81.
• Niu Technologies NIU gained 14.4% to $2.06. Niu Technologies recently reported a year-over-year increase in first-quarter sales volume results.
• TuanChe Limited TC rose 14.4% to $2.23.
• Taysha Gene Therapies, Inc. TSHA gained 14% to $3.0650 after Piper Sandler initiated coverage on the stock with an Overweight rating and a price target of $9.
• Lyell Immunopharma, Inc. LYEL climbed 10.5% to $2.42.
• BlackBerry Limited BB gained 9% to $3.1340. The company announced a collaboration with Advanced Micro Devices, Inc. AMD, designed to revolutionize next-generation robotic systems by enabling new levels of low latency and jitter, as well as repeatable determinism.
• XPeng Inc. XPEV rose 8.7% to $8.02.
• Moderna, Inc. MRNA climbed 8.3% to $113.81.
• NIO Inc. NIO gained 7.7% to $4.7050. NIO filed its 2023 annual report on Form 20-F.

Losers

• Vincerx Pharma, Inc. VINC shares dipped 74% to $1.2450 after the company presented preliminary Phase 1 data for VIP236 and updates on pipeline progress at the AACR Annual Meeting 2024.
• Destiny Tech100 Inc. DXYZ fell 34.1% to $65.81 after jumping over 68% on Monday.
• Eco Wave Power Global AB WAVE fell 31.6% to $2.8701. Eco Wave Power Global shares jumped 219% on Monday after the company announced that it was selected by an international energy company to conduct wave energy feasibility studies for the U.S. coastline.
• Eco Wave Power Global AB WAVE shares fell 30.2% to $2.91. Eco Wave. Power global shares jumped 219% on Monday after the company announced that it was selected by an international energy company to conduct wave energy feasibility studies for the U.S. coastline.
• HUB Cyber Security Ltd. HUBC fell 22.6% to $1.0399.
• Focus Universal Inc. FCUV fell 20.8% to $0.2781. Focus Universal, on Monday, announced Warren Wang as Chief Strategy Officer.
• Cognyte Software Ltd. CGNT dipped 17.7% to $6.92 after the company reported fourth-quarter results and issued FY25 guidance.
• Kineta, Inc. KA fell 17.1% to $0.4490. Kineta reported initial clinical response data at the AACR 2024 of its ongoing Phase 1/2 VISTA-101 clinical trial.
• VivoPower International PLC VVPR fell 16.5% to $4.6786. VivoPower recently announced its Tembo subsidiary has now met all the milestones to obtain the final follow-on strategic direct equity investment into Tembo, at a pre-money valuation of $120 million.
• Team, Inc. TISI fell 16.4% to $6.75. Team named Pamela J. McGinnis to its Board of Directors.
• Harmonic Inc. HLIT declined 15.4% to $11.11 after announcing CEO succession. Harmonic said it sees first-quarter revenue of $121 million to $123 million.
• GCT Semiconductor Holding, Inc. GCTS fell 15.3% to $5.93.
• UTime Limited WTO fell 13.2% to $0.2603. UTime shares jumped 62% on Monday after the company completed a private placement.
• Hanryu Holdings, Inc. HRYU shares fell 12% to $0.2508 after jumping over 31% on Monday.
• DigiAsia Corp. FAAS fell 11.2% to $6.90 surging over 20% on Monday.
• Binah Capital Group, Inc. BCG fell 10.9% to $8.42.
• Inozyme Pharma, Inc. INZY dipped 10.3% to $5.27. Needham analyst Joseph Stringer reiterated Inozyme Pharma with a Buy and maintained a $23 price target.
• Guardion Health Sciences, Inc. GHSI shares declined 10% to $8.01.
• Aurora Cannabis Inc. ACB fell 9.3% to $6.36.
• MicroStrategy Incorporated MSTR dipped 8.3% to $1,388.07.
• InMode Ltd. INMD shares fell 8% to $18.20. InMode is projected to release its financial results for the first quarter before the opening bell on Thursday, May 2, 2024.
• Neogen Corporation NEOG shares dipped 6.2% to $13.49 after the company reported worse than expected third-quarter FY2024 earnings and cut 2024 guidance.
• Maxeon Solar Technologies, Ltd. MAXN fell 5.8% to $2.5699. Maxeon Solar said it sees preliminary fourth-quarter revenue of $229 million versus market estimates of $235.959 million.
• Coinbase Global, Inc. COIN fell 5.6% to $242.71. JMP Securities analyst Devin Ryan maintained Coinbase Glb with a Market Outperform and raised the price target from $300 to $320.
• Comfort Systems USA, Inc. FIX fell 5% to $306.15.

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