Why Clover Health Investments Shares Are Trading Higher By 11%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Shares of Clover Health Investments, Corp. (NASDAQ:CLOV) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter revenue results and issued FY24 insurance revenue guidance.

Clover Health Investments reported quarterly sales of $510.3 million which beat the analyst consensus estimate of $480.25 million by 6.26% and represents a 43.22% decrease over sales of $898.79 million the same period last year.

Clover Health Investments shares climbed 11.2% to $0.8537 on Wednesday.

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

Gainers

• Gaxos.ai Inc. (NASDAQ:GXAI) shares jumped 128.9% to $12.18 after the company announced it acquired the rights to use certain AI-enabled technology from Ultiself.
• Veritone, Inc. (NASDAQ:VERI) gained 52.4% to $2.6076 following strong sales results.
• NuCana plc (NASDAQ:NCNA) gained 50.2% to $0.5869 after the company was granted a US Patent for "Phosphoramidate Derivatives For Use In The Treatment Of Cancer; Especially In The Treatment Where The Patient Shows Resistance."
• The Beauty Health Company (NASDAQ:SKIN) rose 31.9% to $4.7350 after the company reported better-than-expected fourth-quarter revenue results.
• Arq, Inc. (NASDAQ:ARQ) gained 28.3% to $4.4522 after the company reported upbeat fourth-quarter results.
• MicroCloud Hologram Inc. (NASDAQ:HOLO) jumped 26.6% to $6.19.
• Kintara Therapeutics, Inc. (NASDAQ:KTRA) shares gained 26.2% to $0.1055.
• Nature's Sunshine Products, Inc. (NASDAQ:NATR) jumped 24.7% to $21.47 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY24 net sales guidance.
• Heron Therapeutics, Inc. (NASDAQ:HRTX) gained 24.7% to $2.9428 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY24 revenue guidance. Also, Needham maintained a Buy rating on the stock and raised its price target from $4 to $5.
• Li-Cycle Holdings Corp. (NASDAQ:LICY) shares gained 23.2% to $0.7233. Li-Cycle shares jumped 46% on Tuesday after the company entered an agreement to issue a senior secured convertible note in an aggregate principal amount of $75 million to an affiliate of Glencore.
• Cue Biopharma, Inc. (NASDAQ:CUE) gained 19.2% to $2.11 after Jefferies initiated coverage on the stock with a Buy rating and $6 price target.
• AdTheorent Holding Company, Inc. (NASDAQ:ADTH) surged 19% to $3.4150 following strong sales.
• SIGA Technologies, Inc. (NASDAQ:SIGA) gained 18.8% to $6.32 after the company reported a year-over-year increase in quarterly financial results.
• Educational Development Corporation (NASDAQ:EDUC) surged 18.1% to $2.0432.
• Portage Biotech Inc. (NASDAQ:PRTG) gained 17.7% to $0.6589.
• Williams-Sonoma, Inc. (NYSE:WSM) climbed 17.7% to $283.70 after the company reported better-than-expected fourth-quarter earnings, announced a new $ 1 billion stock repurchase authorization and increased its quarterly dividend.
• HUTCHMED (China) Limited (NASDAQ:HCM) shares climbed 15.8% to $18.91 after gaining 9% on Tuesday.
• Annexon, Inc. (NASDAQ:ANNX) rose 15% to $5.28. Needham analyst Joseph Stringer reiterated Annexon with a Buy and maintained a $16 price target.
• Mind Medicine (MindMed) Inc. (NASDAQ:MNMD) gained 13.2% to $8.90.
• Full Truck Alliance Co. Ltd. (NYSE:YMM) climbed 11.2% to $7.74. Full Truck Alliance announced extension of share repurchase program up to $300 million.
• Summit Therapeutics Inc. (NASDAQ:SMMT) gained 10% to $4.7450.
• Qilian International Holding Group Limited (NASDAQ:QLI) climbed 10% to $0.6052.
• PBF Energy Inc. (NYSE:PBF) gained 9.4% to $55.18.
• BeiGene, Ltd. (NASDAQ:BGNE) shares climbed 9% to $178.44.
• Minim, Inc. (NASDAQ:MINM) gained 8.3% to $5.43 after the company announced that it entered into a definitive merger agreement with e2Companies.
• Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) rose 7% to $ 11.27.

Losers

• voxeljet AG (NASDAQ:VJET) shares fell 40.8% to $0.5922 after the company announced it will voluntarily delist its ADSs from Nasdaq and deregister its ADSs. The company also announced the restatement and extension of its loan financing with Anzu.
• Luna Innovations Incorporated (NASDAQ:LUNA) fell 39% to $3.82 after the company announced that it will delay the release of its fourth-quarter and FY23 financial results. and said financial statements for the quarters ended Jun. 30 and Sept. 30 should no longer be relied upon.
• SurgePays, Inc. (NASDAQ:SURG) fell 30.5% to $4.86 after the company reported worse-than-expected fourth-quarter financial results.
• P3 Health Partners Inc. (NASDAQ:PIII) fell 29.4% to $0.72.
• SOS Limited (NYSE:SOS) dipped 28% to $1.5399 G
• Allbirds, Inc. (NASDAQ:BIRD) declined 25.3% to $0.6952 after the company reported worse-than-expected fourth-quarter GAAP EPS results.
• Fangdd Network Group Ltd. (NASDAQ:DUO) fell 23.3% to $0.5710.
• WideOpenWest, Inc. (NYSE:WOW) fell 21.1% to $2.7290 after the company reported worse-than-expected fourth-quarter financial results and issued guidance.
• NaaS Technology Inc. (NASDAQ:NAAS) fell 20.1% to $1.19 after the company announced a $6 million registered direct offering.
• Comtech Telecommunications Corp. (NASDAQ:CMTL) fell 19% to $4.6599. Comtech named John Ratigan as Interim Chief Executive Officer.
• Aterian, Inc. (NASDAQ:ATER) tumbled 19% to $0.3783 following quarterly results.
• Psyence Biomedical Ltd. (NASDAQ:PBM) fell 17.8% to $1.01.
• reAlpha Tech Corp. (NASDAQ:AIRE) fell 16.3% to $1.07 after the company reported EPS for the eight months ended Dec. 31, 2023.
• loanDepot, Inc. (NYSE:LDI) fell 15.9% to $2.1350 following weak quarterly results.
• Bit Origin Ltd (NASDAQ:BTOG) fell 15.7% to $4.45 after gaining 11% on Tuesday.
• Dollar Tree, Inc. (NASDAQ:DLTR) declined 14.5% to $128.00 after the company reported worse-than-expected fourth-quarter financial results and issued first-quarter EPS guidance below estimates.
• Rackspace Technology, Inc. (NASDAQ:RXT) dipped 13.3% to $1.9150 after the company issued first-quarter guidance below estimates. The company also announced refinancing transactions.
• ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) fell 12.4% to $10.22 following weak quarterly sales.
• Neumora Therapeutics, Inc. (NASDAQ:NMRA) declined 12.2% to $15.24.
• ECD Automotive Design, Inc. (NASDAQ:ECDA) dipped 10.8% to $1.07 after jumping over 13% on Tuesday.
• Solowin Holdings (NASDAQ:SWIN) fell 8.6% to $26.61.

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