Why Jabil Shares Are Trading Lower By 8%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Shares of Jabil Inc. (NYSE:JBL) fell sharply during Thursday's session following third-quarter results.

Jabil reported third-quarter fiscal 2024 revenue of $6.77 billion, down by 20.2% year-on-year, beating the analyst consensus estimate of $6.53 billion. The print manufacturing company's adjusted EPS of $1.89 beat the analyst consensus of $1.85, according to data from Benzinga Pro.

Jabil said it expects fourth-quarter revenue of $6.3 billion – $6.9 billion (consensus: $6.8 billion) and adjusted EPS to $2.03 – $2.43 (consensus: $2.22).

Jabil shares dipped 7.8% to $116.37 on Thursday.

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

Gainers

• MGO Global, Inc. (NASDAQ:MGOL) shares jumped 222.8% to $1.48 after the company said it expects the pending acquisition of Spetner Associates to close in the second half of 2024, projecting it to increase annualized revenue to approximately $28 million.
• Griid Infrastructure Inc. (NASDAQ:GRDI) climbed 89.3% to $1.48 after falling more than 10% on Tuesday.
• Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) gained 89% to $2.58 after the company said it expects first customer deliveries of the i300 in the fourth quarter and anticipates selling over 5,000 units in the fiscal year ending September 30, 2025.
• Reliance Global Group, Inc. (NASDAQ:RELI) shares climbed 60.5% to $0.6279. Reliance Global Group announced major enhancement of capital structure following cashless exercise of warrants.
• Allurion Technologies Inc. (NYSE:ALUR) gained 50% to $1.598. Allurion announced publication of new data demonstrating lean mass gains in patients experiencing 14% weight loss.
• SMX (Security Matters) Public Limited Company (NASDAQ:SMX) rose 43% to $0.1702 after jumping 19% on Tuesday.
• Soluna Holdings, Inc. (NASDAQ:SLNH) gained 23.3% to $5.96.
• Femasys Inc. (NASDAQ:FEMY) rose 22% to $1.1650 after receiving CE Mark approval from the EU MDR for its FemaSeed, FemVue, FemCerv, and FemCath products.
• Molecular Partners AG (NASDAQ:MOLN) shares rose 21.1% to $9.63 after gaining 9% on Tuesday.
• Surf Air Mobility Inc. (NASDAQ:SRFM) jumped 20.6% to $0.3850.
• ToughBuilt Industries, Inc. (NASDAQ:TBLT) gained 20.2% to $3.75.
• MicroCloud Hologram Inc. (NASDAQ:HOLO) surged 19.7% to $1.1303. MicroCloud Hologram entered into convertible note purchase agreements with investors for $28 million on June 18.
• Presto Automation Inc. (NASDAQ:PRST) shares climbed 19.2% to $0.0877after falling around 5% on Tuesday.
• NanoViricides, Inc. (NASDAQ:NNVC) gained 16.5% to $1.91. Nanoviricides reported that the ultra-broad-spectrum antiviral NV-387, a Phase 2 Stage drug candidate, was found to be effective in protecting lungs from damage in a lethally infected influenza H3N2 mouse model.
• Lobo EV Technologies Ltd. (NASDAQ:LOBO) rose 16.4% to $2.47.
• Ocular Therapeutix, Inc. (NASDAQ:OCUL) gained 16% to $6.36 after TD Cowen upgraded the stock from Hold to Buy and raised its price target from $7 to $11.
• Applied Digital Corporation (NASDAQ:APLD) jumped 15.3% to $5.95.
• Ranpak Holdings Corp. (NYSE:PACK) climbed 13.7% to $6.49.
• ImmunityBio, Inc. (NASDAQ:IBRX) rose 13.6% to $7.08 after the company announced insurance coverage of ANKTIVA across multiple states with first commercial doses administered.
• Harrow, Inc. (NASDAQ:HROW) gained 12.2% to $19.81 after the company announced the manufacture of the first of three commercial-scale process performance qualification batches of TRIESENCE 40 mg/mL. Also the company announced that the second and third required PPQ batches are now scheduled.
• ZKH Group Limited (NYSE:ZKH) rose 11.4% to $3.92
• NANO Nuclear Energy Inc. (NASDAQ:NNE) gained 11.3% to $12.91.
• Himax Technologies, Inc. (NASDAQ:HIMX) jumped 11.1% to $8.23
• UTime Limited (NASDAQ:WTO) surged 11% to $0.5849
• Nexalin Technology, Inc. (NASDAQ:NXL) gained 10% to $1.1450. Nexalin Technology shares jumped around 38% on Tuesday after the company was awarded a US patent on ‘Transcranial alternating current dynamic frequency stimulation (TACS) method for Alzheimers and Dementia.’
• Bilibili Inc. (NASDAQ:BILI) shares climbed 7.8% to $17.45. On Tuesday, JP Morgan analyst Daniel Chen upgraded Bilibili from Neutral to Overweight and announced a $21 price target.
• Super Micro Computer, Inc. (NASDAQ:SMCI) gained 7% to $982.60 after Elon Musk indicated the company will provide server racks for the supercomputer that xAI is building.
• Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 5% to $162.36.

Losers

• Trevena, Inc. (NASDAQ:TRVN) fell 43.7% to $0.1993. Trevena announced preclinical TRV045 data for long-term analgestic effect in prelinical model of neuropathic pain. Also, the company announced TRV045 results provided director for additional NIH-initiated studies in epilepsy prevention and treatment.
• Kaival Brands Innovations Group, Inc (NASDAQ:KAVL) shares declined 33.5% to $2.99 after gaining 8% on Tuesday.
• Sonnet BioTherapeutics Holdings, Inc. (NASDAQ:SONN) fell 29% to $1.10. Sonnet BioTherapeutics announced exercise of warrants for gross proceeds of $3.4 million.
• Tempest Therapeutics, Inc. (NASDAQ:TPST) declined 25% to $2.1208. The company announced new data from the ongoing Phase 1b/2 clinical study on amezalpat2 (TPST-1120).
• Nikola Corporation (NASDAQ:NKLA) declined 23.6% to $0.3672. Nikola announced 1-for-30 reverse stock split approved by board.
• La Rosa Holdings Corp. (NASDAQ:LRHC) shares fell 23.5% to $1.37. La Rosa Holdings shares jumped 72% on Tuesday after the company entered a non-binding letter of intent to acquire a controlling interest in Red Door Title.
• SYLA Technologies Co., Ltd. (NASDAQ:SYT) dipped 21.7% to $1.70.
• Mustang Bio, Inc. (NASDAQ:MBIO) shares dipped 21% to $0.6721 after the company announced a $2.5 million registered direct offering of 6.130 million shares at $0.41 per share.
• QXO, Inc. (NASDAQ:QXO) fell 20.9% to $72.55.
• NLS Pharmaceutics AG (NASDAQ:NLSP) tumbled 20.3% to $0.1910 after jumping 82% on Tuesday.
• DermTech, Inc. (NASDAQ:DMTK) fell 19.4% to $0.1176.
• Dunxin Financial Holdings Limited (NASDAQ:DXF) shares fell 19.4% to $0.1728 after dipping 17% on Tuesday.
• Tempus AI, Inc (NASDAQ:TEM) fell 15.1% to $25.76 amid post-IPO volatility.
• Esperion Therapeutics, Inc. (NASDAQ:ESPR) declined 15% to $2.2991 after B of A Securities downgraded the stock from Neutral to Underperform.
• SRIVARU Holding Limited (NASDAQ:SVMH) shares fell 13.7% to $0.2150. SRIVARU, last week, announced it will begin accepting paid reservations and bookings for its flagship product, the PRANA 2.0, on June 16th.
• Actelis Networks, Inc. (NASDAQ:ASNS) fell 12.2% to $1.8602. Actelis Networks shares jumped 84% on Tuesday after the company announced an agreement to serve as Carahsoft’s public sector distributor.
• Jasper Therapeutics, Inc. (NASDAQ:JSPR) declined 10.1% to $20.84. Jasper Therapeutics announced appointment of Svetlana Lucas Ph.D., to its Board of Directors.
• GMS Inc. (NYSE:GMS) declined 6.5% to $84.02 after the company reported mixed fourth-quarter financial results.
• Nayax Ltd. (NASDAQ:NYAX) fell 6.1% to $21.23.
• Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) fell 5% to $6.03 after the company’s board determined that recent takeover proposals were not in its best interests.

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