Why Intel Shares Are Trading Lower By Over 10%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Shares of Intel Corporation (NASDAQ:INTC) fell sharply during Friday’s session. Intel reported upbeat results for its fourth quarter, but issued a weak forecast for the first quarter.

The company is guiding for first quarter revenue to be in a range of $12.2 billion to $13.2 billion, which is shy of a Street estimate of $14.2 billion, according to data from Benzinga Pro. Intel sees first quarter earnings per share hitting 13 cents, which is below a Street estimate of 33 cents per share.

Intel shares dipped 10.7% to $44.23 on Friday.

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

Gainers

• Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) jumped 146% to $20.76 after the company announced data from the first-in-human clinical study of CRB-701 is being presented as a poster by its development partner CSPC Pharmaceutical at ASCO GU 2024.
• Inspire Veterinary Partners, Inc. (NASDAQ:IVP) jumped 121% to $0.4220 after jumping over 22% on Thursday.
• Aclarion, Inc. (NASDAQ:ACON) shares climbed 69.7% to $3.1650.
• Panbela Therapeutics, Inc. (NASDAQ:PBLA) surged 32% to $4.31. Panbela Therapeutics has reached 50% enrollment in ASPIRE trial of ivospemin plus gemcitabine and nab-paclitaxel combo in first-line treatment of metastatic pancreatic cancer.
• Meiwu Technology Company Limited (NASDAQ:WNW) gained 26.5% to $10.55.
• AppFolio, Inc. (NASDAQ:APPF) gained 25.7% to $219.23 after the company reported better-than-expected fourth-quarter financial results and issued guidance.
• Vera Therapeutics, Inc. (NASDAQ:VERA) jumped 20.6% to $30.54. Raymond James analyst Steven Seedhouse upgraded Vera Therapeutics from Outperform to Strong Buy and raised the price target from $29 to $37.
• Cyngn Inc. (NASDAQ:CYN) surged 19.8% to $0.2575. Cyngn shares jumped over 17% on Thursday after the company disclosed a strategic shift to Nvidia AI computers that will transform the technology powering its fleet of DriveMod autonomous industrial vehicles.
• eHealth, Inc. (NASDAQ:EHTH) rose 19.8% to $6.70 after the company announced preliminary results for the fourth quarter.
• Porch Group, Inc. (NASDAQ:PRCH) surged 18.1% to $2.7290. Porch Group received $25 million with signing of strategic agreement with Aon.
• Movella Holdings Inc. (NASDAQ:MVLA) rose 17.7% to $0.4139.
• Tellurian Inc. (NASDAQ:TELL) shares gained 16.6% to $0.6067 following a report suggesting the company hired Lazard to explore a possible sale.
• Booz Allen Hamilton Holding Corporation (NYSE:BAH) rose 13.2% to $145.90 after the company reported better-than-expected third-quarter financial results, increased its quarterly dividend and raised FY24 guidance.
• Cipher Mining Inc. (NASDAQ:CIFR) rose 11.8% to $2.64.
• Mereo BioPharma Group plc (NASDAQ:MREO) jumped 11.4% to $4.0550.
• Jaguar Health, Inc. (NASDAQ:JAGX) gained 11.3% to $0.1280 after gaining around 12% on Thursday.
• Lumen Technologies, Inc. (NASDAQ:LUMN) rose 11.2% to $1.5350 after the company announced that it entered into an amended and rested transaction support agreement with a group of creditors.
• CleanSpark, Inc. (NASDAQ:CLSK) gained 7.8% to $7.88.
• Repligen Corporation (NASDAQ:RGEN) gained 7.3% to $199.07.
• American Express Company (NYSE:AXP) gained 7.2% to $201.61 after the company posted quarterly results and plans to increase the regular quarterly dividend by 17%.
• Olin Corporation (NYSE:OLN) rose 6% to $54.89 following strong results.

Losers

• Richtech Robotics Inc. (NASDAQ:RR) shares fell 67.8% to $3.1850.
• Yoshitsu Co., Ltd (NASDAQ:TKLF) shares fell 58.8% to $0.3230 after the company announced pricing of $4.0 million registered direct offering and private placement.
• YanGuFang International Group Co., Ltd. (NASDAQ:YGF) fell 35.8% to $0.68.
• Onconetix, Inc. (NASDAQ:ONCO) shares fell 27.2% to $0.2476 after surging around 130% on Thursday.
• Nuvve Holding Corp. (NASDAQ:NVVE) dipped 26.9% to $3.64 after the company filed for a public offering of 2.3 million shares of common stock, Series A warrants, Series B warrants and Series C warrants.
• Planet Image International Limited (NASDAQ:YIBO) fell 25% to $2.09.
• Professional Diversity Network, Inc. (NASDAQ:IPDN) fell 25% to $2.2501
• Processa Pharmaceuticals, Inc. (NASDAQ:PCSA) dipped 24.2% to $3.87 after the company announced pricing of its $7 million public offering.
• Planet Image International Limited (NASDAQ:YIBO) fell 24.1% to $2.1176 after dipping 30% on Thursday. Planet Image International priced its initial public offering of 1.25 million ordinary shares at $4 per share.
• Mobilicom Limited (NASDAQ:MOB) fell 23% to $1.3995 after the company announced a $2.95 million registered direct offering.
• American Rebel Holdings, Inc. (NASDAQ:AREB) shares fell 21.3% to $0.2950 after jumping over 41% on Thursday.
• Jin Medical International Ltd. (NASDAQ:ZJYL) fell 20.3% to $220.00.
• Revelation Biosciences, Inc. (NASDAQ:REVB) fell 18% to $8.53 after declining around 13% on Thursday.
• Sagimet Biosciences Inc. (NASDAQ:SGMT) shares declined 17.8% to $11.53. Sagimet Biosciences priced public offering of 9 million Series A common stock at $12.50 per share.
• Spirit Airlines, Inc. (NYSE:SAVE) fell 16.2% to $6.05 after JetBlue informed the company that certain conditions to closing the planned merger may not be satisfied prior to the dates set forth in the agreement and that the merger may be terminable after Jan. 28.
• C3is Inc. (NASDAQ:CISS) declined 13.5% to $0.1384 after gaining over 20% on Thursday. C3is recently announced pricing of its $7 million upsized underwritten public offering.
• Longboard Pharmaceuticals, Inc. (NASDAQ:LBPH) fell 10.7% to $23.20.
• Intelligent Bio Solutions Inc. (NASDAQ:INBS) shares fell 8.5% to $0.2060 after the company announced a 1-for-12 reverse stock split.
• Financial Institutions, Inc. (NASDAQ:FISI) fell 7.6% to $21.25 following weak quarterly results.
• Roadzen, Inc. (NASDAQ:RDZN) fell 5.8% to $5.13.
• KLA Corporation (NASDAQ:KLAC) shares declined 5.3% to $607.74 after the company reported second-quarter financial results and issued third-quarter guidance.
• Badger Meter, Inc. (NYSE:BMI) fell 4.6% to $145.30 following fourth-quarter results.
• Western Digital Corporation (NASDAQ:WDC) shares dipped 2.9% to $58.61. Western Digital reported better-than-expected earnings and sales results for its second quarter.

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