Why American Eagle Shares Are Trading Lower By Around 16%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) declined during Tuesday’s session after the company reported third-quarter financial results.

Net revenue rose 5% Y/Y to $1.30 billion, beating the consensus of $1.28 billion. EPS of $0.49 surpassed the consensus of $0.48.

For FY23, AEO revised guidance for revenue to be up mid-single digits Y/Y from growth in low single digits Y/Y earlier.

American Eagle fell 16.4% to $16.52 on Tuesday.

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

Gainers

• Safe and Green Development Corporation (NASDAQ:SGD) shares gained 66% to $4.7119. Safe and Green Development unveiled a Letter of Intent for integration of real estate AI software.
• Mountain Crest Acquisition Corp. IV (NASDAQ:MCAF) shares jumped 52.4% to $9.92 after falling more than 12% on Monday.
• Anghami Inc. (NASDAQ:ANGH) shares jumped 36% to $2.1488. OSN Group announced up to $50 million cash investment in Anghami.
• TRACON Pharmaceuticals, Inc. (NASDAQ:TCON) shares gained 27.9% to $0.2219. TRACON Pharmaceuticals recently announced license of product development platform for $3 million upfront payment.
• Marpai, Inc. (NASDAQ:MRAI) rose 24.2% to $1.1301. Marpai Form 4 filing showed Eitan Yaron bought 100,000 shares at an average price of $1.23 per share.
• Symbotic Inc. (NASDAQ:SYM) jumped 23.8% to $46.02 after the company reported better-than-expected fourth-quarter sales results.
• Burlington Stores, Inc. (NYSE:BURL) gained 19% to $162.77 after the company reported third-quarter financial results and issued guidance.
• Hibbett, Inc. (NASDAQ:HIBB) jumped 14.7% to $61.55 following strong quarterly sales.
• LQR House Inc. (NASDAQ:LQR) shares surged 14.5% to $0.0691. LQR House repurchased 1,476,355 shares in its ongoing share buyback initiative.
• Dycom Industries, Inc. (NYSE:DY) gained 14.5% to $99.35 following better-than-expected third-quarter results.
• Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA) jumped 14.1% to $10.20 following fourth-quarter results.
• Artivion, Inc. (NYSE:AORT) shares rose 13% to $15.95. Artivion recently announced completion of enrollment in PERSEVERE trial.
• Caleres, Inc. (NYSE:CAL) jumped 12.8% to $31.02 following strong quarterly earnings.
• Gamer Pakistan Inc. (NASDAQ:GPAK) jumped 11.7% to $0.56 as the company announced a share repurchase program of up to $1 million.
• ABVC BioPharma, Inc. (NASDAQ:ABVC) shares gained 11.4% to $1.8823. ABVC BioPharma received U.S. patent for ADHD treatment.
• DICK'S Sporting Goods, Inc. (NYSE:DKS) jumped 10.8% to $131.88 after the company reported a year-over-year increase in third-quarter revenues and raised its 2023 guidance.
• Agilent Technologies, Inc. (NYSE:A) surged 8.3% to $123.43 after the company reported better-than-expected fourth-quarter financial results.
• Gen Digital Inc. (NYSE:GEN) gained 4.6% to $21.74 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight.

Losers

• reAlpha Tech Corp. (NASDAQ:AIRE) shares fell 43% to $4.10. reAlpha announced pricing of $8 million public offering of 1.6 million units at $5 per unit.
• Alpha Technology Group Limited (NASDAQ:ATGL) dipped 38.2% to $17.43.
• Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) fell 38% to $0.2668. Galmed announced a delay of at least six months in the initiation of its primary sclerosing cholangitis Phase 2a study.
• vTv Therapeutics Inc. (NASDAQ:VTVT) declined 22.8% to $10.80 after the company announced a 1-for-40 reverse stock split.
• MorphoSys AG (NASDAQ:MOR) shares fell 22.4% to $4.5399. MorphoSys released topline results from the Phase 3 MANIFEST-2 study investigating pelabresib, an investigational BET inhibitor, in combination with the JAK inhibitor ruxolitinib compared with placebo plus ruxolitinib in JAK inhibitor-naïve patients with myelofibrosis.
• Gain Therapeutics, Inc. (NASDAQ:GANX) fell 21.8% to $2.1499 after the company announced pricing of $9.4 million public offering of 2,213,044 shares at $2.005/share and accompanying warrants.
• Jaguar Health, Inc. (NASDAQ:JAGX) tumbled 21.6% to $0.3619. Napo Pharmaceuticals, a Jaguar Health company, announced top line data for its pivotal Phase 3 OnTarget trial for prophylaxis of diarrhea in adult cancer patients receiving targeted therapy forthcoming.
• Sibanye Stillwater Limited (NYSE:SBSW) fell 19.2% to $4.2050.
• Alzamend Neuro, Inc. (NASDAQ:ALZN) fell 18% to $1.1401 after falling 16% on Monday. Alzamend Neuro received a "Study May Proceed" letter from the FDA for the initiation of study AL001-MDD01, a Phase 2A clinical study of AL001 for major depressive disorder (MDD).
• AVITA Medical, Inc. (NASDAQ:RCEL) shares fell 17% to $10.41 after the company cut its FY23 revenue guidance.
• 22nd Century Group, Inc. (NASDAQ:XXII) fell 15% to $0.2421.
• Kingsoft Cloud Holdings Limited (NASDAQ:KC) declined 12.6% to $4.8150 following quarterly results.
• Kohl's Corporation (NYSE:KSS) fell 12.1% to $21.85 following quarterly results.
• FinVolution Group (NYSE:FINV) fell 11.3% to $4.5607 following quarterly results.
• Central Garden & Pet Company (NASDAQ:CENT) fell 10% to $39.51 following fourth-quarter results.
• The Beauty Health Company (NASDAQ:SKIN) declined 9.4% to $2.12.
• iQIYI, Inc. (NASDAQ:IQ) shares declined 8.8% to $4.7650 following third-quarter results.
• Trip.com Group Limited (NASDAQ:TCOM) fell 8.7% to $33.47 after reporting third-quarter results.
• Compass, Inc. (NYSE:COMP) fell 7% to $2.03. Deutsche Bank initiated coverage on Compass with a Hold rating and announced a price target of $2.7.
• Jacobs Solutions Inc. (NYSE:J) fell 6.7% to $127.74 after reporting fourth-quarter results.
• Abercrombie & Fitch Co. (NYSE:ANF) fell 5.5% to $68.35 following weak sales.

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