Why Methode Electronics Shares Are Trading Lower By Over 14%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Shares of Methode Electronics, Inc (NYSE:MEI) fell sharply during Thursday’s session following weak quarterly earnings.

Methode Electronics posted adjusted earnings of 6 cents per share, missing market estimates of 12 cents per share. The company’s quarterly sales came in at $288.00 million versus expectations of $292.82 million, according to Benzinga Pro.

Methode Electronics shares fell 14.2% to $20.92 on Thursday.

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

Gainers

• Save Foods, Inc. (NASDAQ:SVFD) shares climbed 186.7% to $6.16 after the company highlighted targeting of US carbon credit market following acquisition of majority ownership in newly- formed Nitrousink Ltd.
• Cyngn Inc. (NASDAQ:CYN) gained 90.4% to $0.4643 after the company announced the issuance of a new patent, US-11,837,089-B2, for the autonomous vehicle (AV) and driving solutions.
• Barnes & Noble Education, Inc. (NYSE:BNED) shares climbed 31.9% to $1.3850 following upbeat quarterly earnings.
• Hempacco Co., Inc. (NASDAQ:HPCO) shares climbed 28.8% to $0.4331 after the company announced it entered into an exclusive Master Distribution Agreement with CBDAY Global. Under the agreement, CBDAY will exclusively sell Hempacco's line of hemp and CBD products in India and Thailand.
• MicroAlgo Inc. (NASDAQ:MLGO) shares gained 26% to $12.07. MicroAlgo shares jumped over 295% on Wednesday after the company announced it plans to establish a postgraduate training practice base.
• Kewaunee Scientific Corporation (NASDAQ:KEQU) climbed 25.5% to $22.53 following second-quarter earnings.
• Inogen, Inc. (NASDAQ:INGN) climbed 23.3% to $6.15.
• Satellogic Inc. (NASDAQ:SATL) rose 22% to $1.9584. Uzma and Satellogic signed a multi-million dollar +3-year agreement to advance geospatial capabilities in Southeast Asia.
• Fitell Corporation (NASDAQ:FTEL) gained 19.7% to $1.70.
• Altisource Asset Management Corporation(NYSE:AAMC) gained 19.3% to $4.0213. Altisource Asset Management reported key ruling in Blackrock and PIMCO litigation.
• Semtech Corporation (NASDAQ:SMTC) climbed 18.5% to $19.80 after the company reported third-quarter financial results and issued guidance.
• Altimmune, Inc. (NASDAQ:ALT) gained 18.3% to $8.14.
• Solid Biosciences Inc. (NASDAQ:SLDB) gained 17.6% to $4.0250. Solid Biosciences received FDA fast track designation for its SGT-003 duchenne muscular dystrophy gene therapy candidate.
• JetBlue Airways Corporation (NASDAQ:JBLU) climbed 15.8% to $5.48 after the company said that demand for travel remains healthy, with close-in bookings outperforming expectations for both holiday peak and non-holiday travel periods since late October.
• Siyata Mobile Inc. (NASDAQ:SYTA) rose 15.2% to $3.8001 after announcing $900,000 follow-on orders.
• Verint Systems Inc. (NASDAQ:VRNT) gained 14% to $27.40 after the company reported better-than-expected third-quarter financial results and issued guidance.
• Lilium N.V. (NASDAQ:LILM) gained 14% to $1.2650 after the company announced it signed a Memorandum of Understanding with Lufthansa Group for a strategic partnership.
• AerSale Corporation (NASDAQ:ASLE) shares surged 13.4% to $16.16 after the company announced the FAA has issued the company a Supplemental Type Certificate for AerAware, its Enhanced Flight Vision System for the Boeing B737NG product line.
• Cerevel Therapeutics Holdings, Inc. (NASDAQ:CERE) gained 12.2% to $41.44 after AbbVie Inc. (NYSE:ABBV) announced it will acquire the company for a total equity value of approximately $8.7 billion.
• IES Holdings, Inc. (NASDAQ:IESC) gained 11.8% to $79.68 following quarterly results.
• Couchbase, Inc. (NASDAQ:BASE) rose 5.7% to $21.07 as the company reported upbeat results for its third quarter and issued strong revenue outlook for FY24.
• Alphabet Inc. (NASDAQ:GOOGL) gained 5.1% to $136.62. Google made a significant announcement, launching Gemini AI, its most powerful AI model to date.

Losers

• Troika Media Group, Inc. (NASDAQ:TRKA) shares fell 74.8% to $0.4812 after the company announced it filed for Chapter 11.
• Phio Pharmaceuticals Corp. (NASDAQ:PHIO) shares dipped 40% to $0.9462 as the company announced exercise of warrants for $2.8 million gross proceeds.
• Bit Brother Limited (NASDAQ:BETS) fell 38.8% to $0.0214. Bit Brother recently announced the pricing of a $12 million registered direct offering.
• FLJ Group Limited (NASDAQ:FLJ) fell 36% to $2.91.
• ZyVersa Therapeutics, Inc. (NASDAQ:ZVSA) shares tumbled 35.4% to $1.3789 after the company priced its $5 million public offering.
• Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) fell 32.8% to $1.25 as the company announced pricing of $4.5 million registered direct offering.
• Red Cat Holdings, Inc. (NASDAQ:RCAT) shares fell 30.5% to $0.5280. Red Cat priced public offering of 16 million common shares at $0.50 per share for gross proceeds of $8 million.
• Sprinklr, Inc. (NYSE:CXM) shares fell 29.4% to $11.76 following weak earnings for the third quarter.
• Wave Life Sciences Ltd. (NASDAQ:WVE) shares fell 29.1% to $4.87 after the company priced its $100 million public offering of ordinary shares.
• Nogin, Inc. (NASDAQ:NOGN) fell 26.3% to $0.1334 after the company entered Chapter 11 bankruptcy proceedings in combination with a stalking horse bid and Debtor in Possession financing provided by B. Riley Financial, Inc.
• enGene Holdings Inc. (NASDAQ:ENGN) declined 23.8% to $7.87.
• Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) fell 21.4% to $4.18. Sportsman's Warehouse said it sees fourth-quarter loss of 35 cents to 25 cents per share.
• Phunware, Inc. (NASDAQ:PHUN) fell 19% to $0.1030 as the company reported pricing of $2.8 million public offering.
• Nikola Corporation (NASDAQ:NKLA) fell 18.1% to $0.8047 after the company announced proposed offerings of common stock and convertible senior notes.
• BAIYU Holdings, Inc. (NASDAQ:BYU) shares fell 17.7% to $1.49.
• Vivid Seats Inc. (NASDAQ:SEAT) declined 15.6% to $6.87. Vivid Seats announced secondary offering of 18.5 million class A common stock.
• Argan, Inc. (NYSE:AGX) fell 13.1% to $41.50 following downbeat earnings.
• Liquidity Services, Inc. (NASDAQ:LQDT) dipped 12.8% to $17.36 following weak sales.
• The Duckhorn Portfolio, Inc. (NYSE:NAPA) fell 10.7% to $9.11 following downbeat quarterly results.
• C3.ai, Inc. (NYSE:AI) shares fell 9.8% to $26.30 after the company reported mixed second-quarter financial results and issued guidance.
• Chewy, Inc. (NYSE:CHWY) fell 6% to $18.18 after the company reported mixed third-quarter financial results and cut FY23 net sales guidance.
• Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) declined 5.5% to $72.09.
• Greif, Inc. (NYSE:GEF) declined 5.5% to $65.83 following weak sales.
• Veeva Systems Inc. (NYSE:VEEV) shares fell 4.1% to $171.20 after the company reported third-quarter financial results and issued guidance.

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