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

Shares of MercadoLibre, Inc. (NASDAQ:MELI) fell sharply during Friday’s session after the company reported fourth-quarter financial results.

MercadoLibre reported quarterly earnings of $3.25 per share, unchanged from the same period last year. The company reported quarterly sales of $4.26 billion, beating the analyst consensus estimate of $4.12 billion.

MercadoLibre shares dipped 9.6% to $1,643.30 on Friday.

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

Gainers

• AXT, Inc. (NASDAQ:AXTI) shares surged 74.4% to $3.9750 after the company reported better-than-expected fourth-quarter financial results.
• Maravai LifeSciences Holdings, Inc. (NASDAQ:MRVI) shares jumped 60.8% to $8.22 after the company reported better-than-expected fourth-quarter financial results.
• AtlasClear Holdings, Inc. (NYSE:ATCH) rose 48% to $1.6899.
• EZFill Holdings Inc. (NASDAQ:EZFL) gained 44.6% to $ 1.8088.
• Ocean Biomedical, Inc. (NASDAQ:OCEA) jumped 42.3% to $0.7819.
• Gyre Therapeutics, Inc. (NASDAQ:GYRE) gained 36.2% to $21.79.
• Carvana Co. (NYSE:CVNA) rose 31.2% to $68.77 after the company reported fourth-quarter financial results.
• Sleep Number Corporation (NASDAQ:SNBR) gained 30.5% to $14.42 after the company reported better-than-expected fourth-quarter financial results. Also, Wedbush maintained a Neutral rating on the stock and raised its price target from $12 to $13.5.
• ATN International, Inc. (NASDAQ:ATNI) rose 26% to $ 35.72.
• Root, Inc. (NASDAQ:ROOT) gained 26% to $16.85 after the company reported better-than-expected fourth-quarter financial results. Following earnings, Cantor Fitzgerald upgraded the stock from Neutral to Overweight and raised its price target from $9 to $13.
• Infobird Co., Ltd (NASDAQ:IFBD) gained 25.7% to $3.72.
• Vroom, Inc. (NASDAQ:VRM) jumped 25.5% to $ 10.50. Vroom is expected to release fourth quarter earnings on March 13, 2024.
• ATN International, Inc. (NASDAQ:ATNI) rose 25.4% to $35.61.
• Intuitive Machines, Inc. (NASDAQ:LUNR) gained 22.4% to $10.14 after the company's Odysseus spacecraft landed on the Moon.
• Block, Inc. (NYSE:SQ) climbed 19.4% to $81.20 after the company reported better-than-expected fourth-quarter sales results and issued guidance.
• Ventyx Biosciences, Inc. (NASDAQ:VTYX) gained 18.3% to $6.82.
• Universal Insurance Holdings, Inc. (NYSE:UVE) gained 18.2% to $20.37 following upbeat results.
• Docebo Inc. (NASDAQ:DCBO) gained 17.7% to $53.99 following upbeat quarterly results.
• Universal Insurance Holdings, Inc. (NYSE:UVE) shares rose 17.2% to $20.20 following strong quarterly results.
• Nextdoor Holdings, Inc. (NASDAQ:KIND) gained 16.9% to $2.0101 after the company reported preliminary fourth-quarter financial results and announced Nirav Tolia will return to the company as CEO.
• Evolent Health, Inc. (NYSE:EVH) gained 12.6% to $33.54 after the company reported better-than-expected fourth-quarter financial results.
• Tandem Diabetes Care, Inc. (NASDAQ:TNDM) climbed 12.1% to $28.02 amid volatility after the company reported fourth-quarter financial results.
• American Software, Inc. (NASDAQ:AMSWA) gained 11.6% to $11.49 following strong quarterly results.
• Akero Therapeutics, Inc. (NASDAQ:AKRO) surged 11% to $26.86.
• Ventyx Biosciences, Inc. (NASDAQ:VTYX) climbed 10.6% to $6.39.
• LegalZoom.com, Inc. (NASDAQ:LZ) gained 10.5% to $10.87 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.
• Vir Biotechnology, Inc. (NASDAQ:VIR) rose 10.3% to $11.36 following strong sales results.
• Comfort Systems USA, Inc. (NYSE:FIX) rose 10.2% to $273.10 after the company reported better-than-expected fourth-quarter results.
• Hyatt Hotels Corporation (NYSE:H) climbed 8.9% to $147.66 after the company reported better-than-expected fourth-quarter sales results and issued guidance.
• RB Global, Inc. (NYSE:RBA) rose 8.2% to $73.98 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued guidance.
• Victoria's Secret & Co. (NYSE:VSCO) gained 5% to $29.75.

Losers

• Sequans Communications S.A. (NYSE:SQNS) fell 65% to $0.8925 after Renesas announced that it has terminated the previously announced MOU for a proposed acquisition of Sequans.
• Smith Micro Software, Inc. (NASDAQ:SMSI) shares fell 41.5% to $0.4781 after posting weak quarterly sales.
• ModivCare Inc. (NASDAQ:MODV) fell 39.9% to $26.39 after the company issued weak sales forecast for the first quarter.
• Greenbrook TMS Inc. (NASDAQ:GBNH) dipped 37% to $0.1285 after announcing delisting from the Nasdaq.
• Upland Software, Inc. (NASDAQ:UPLD) tumbled 34.5% to $2.8890 after the company reported worse-than-expected fourth-quarter adjusted EPS results and issued FY24 revenue guidance below estimates.
• Applied Optoelectronics, Inc. (NASDAQ:AAOI) shares fell 31.2% to $14.00 after reporting fourth-quarter results.
• MicroCloud Hologram Inc. (NASDAQ:HOLO) fell 29.3% to $7.79.
• Fox Factory Holding Corp. (NASDAQ:FOXF) tumbled 27% to $47.38 after the company reported mixed fourth-quarter financial results and issued FY24 EPS and revenue guidance below estimates.
• ImmunityBio, Inc. (NASDAQ:IBRX) fell 25% to $3.9299.
• Vicor Corporation (NASDAQ:VICR) fell 21.2% to $36.92 after the company reported worse-than-expected quarterly financial results.
• Gray Television, Inc. (NYSE:GTN) fell 21.2% to $6.26 after the company reported a year-over-year decrease in fourth-quarter financial results and issued first-quarter revenue guidance below estimates.
• La Rosa Holdings Corp. (NASDAQ:LRHC) shares dipped 19.2% to $2.2150 after jumping around 96% on Thursday. La Rosa Holdings disclosed that it has acquired a 100% interest in the La Rosa Realty Winter Garden franchise in Florida.
• The E.W. Scripps Company (NASDAQ:SSP) fell 15% to $4.58 following weak quarterly earnings.
• AlTi Global, Inc. (NASDAQ:ALTI) dipped 14.6% to $6.02.
• indie Semiconductor, Inc. (NASDAQ:INDI) shares fell 14.2% to $5.91 following weak quarterly sales.
• nLIGHT, Inc. (NASDAQ:LASR) fell 13.6% to $11.93 following fourth-quarter results.
• ACCO Brands Corporation (NYSE:ACCO) declined 12.2% to $5.64 after the company reported fourth-quarter financial results and issued weak FY24 guidance.
• Super Micro Computer, Inc. (NASDAQ:SMCI) fell 12% to $858.42 after the company announced a private offering of convertible senior notes.
• Booking Holdings Inc. (NASDAQ:BKNG) shares fell 9.7% to $3,522.25 after the company reported fourth-quarter financial results.
• Warner Bros. Discovery, Inc. (NASDAQ:WBD) fell 9.3% to $8.68 after the company reported fourth-quarter financial results below estimates.
• Penumbra, Inc. (NYSE:PEN) fell 8% to $241.77 after the company reported mixed fourth-quarter financial results.

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