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

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

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

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

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

Gainers

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

Losers

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

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