Why Sony Shares Are Trading Lower By Around 6%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Shares of Sony Group Corporation (NYSE:SONY) fell during Wednesday’s session after the company reported third-quarter financial results and revised guidance above estimates and shared plans to list its financial arm in October 2025.

Sony Group reported third-quarter FY23 sales growth of 22% year-on-year to $25.34 billion (¥3.75 trillion), beating the consensus of $24.62 billion. Adjusted EPS of $1.99 beat the consensus of $1.65.

Sony revised its FY23 sales outlook to $86.62 billion (¥12.4 trillion), down from a prior forecast of ¥12.3 trillion versus the consensus of $87.32 billion.

Sony Group shares fell 6.3% to $89.86 on Wednesday.

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

Gainers

• Datasea Inc. (NASDAQ:DTSS) shares jumped 1,173% to $18.59. On Tuesday, Datasea posted a narrower second-quarter loss.
• Earlyworks Co., Ltd. (NASDAQ:ELWS) surged 416% to $2.35 on two passive stakes.
• enGene Holdings Inc. (NASDAQ:ENGN) jumped 95.5% to $14.90. The company’s CEO Jason Hanson is resigning due to personal family and health reasons, though he will continue to support the company as a strategic advisor after a successor is appointed. Concurrently, enGene announced a private placement of 20 million common shares at $10.00 per share, representing a 31% premium over the previous day’s closing price.
• Cineverse Corp. (NASDAQ:CNVS) surged 92.9% to $2.9899. Cineverse announced forthcoming launch of AI-powered movie search platform cineSearch.
• Cheche Group Inc. (NASDAQ:CCG) gained 74.3% to $5.49.
• MGO Global, Inc. (NASDAQ:MGOL) rose 66% to $0.6647.
• Cogent Biosciences, Inc. (NASDAQ:COGT) surged 62.7% to $8.89.
• Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) gained 35% to $1.29 after the company announced it received the first ever U.S. Patent approval for an orbiting blood oxygenation delivery system, a core technology of the INSPIRA ART500 device.
• Lyft, Inc. (NASDAQ:LYFT) shares gained 34.3% to $16.29 after the company reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 billion, up 17% year-over-year. The company’s CFO, Erin Brewer, said the adjusted EBITDA margin is projected to expand 50 basis points in 2024.
• Healthcare Services Group, Inc. (NASDAQ:HCSG) gained 25.7% to $11.90 following upbeat earnings.
• Blink Charging Co. (NASDAQ:BLNK) gained 24.2% to $3.3288. Blink Charging announced preliminary fourth-quarter revenue excess of $42 million.
• Larimar Therapeutics, Inc. (NASDAQ:LRMR) rose 23.9% to $10.83. Larimar Therapeutics has priced the public offering of 17.16 million shares at $8.74 per share for gross proceeds of approximately $150 million.
• Clene Inc. (NASDAQ:CLNN) gained 22.9% to $0.52.
• Angi Inc. (NASDAQ:ANGI) gained 22.2% to $2.97 following upbeat earnings.
• Iris Energy Limited (NASDAQ:IREN) shares rose 20.5% to $8.35.
• CEVA, Inc. (NASDAQ:CEVA) gained 18.5% to $23.92 following upbeat earnings.
• Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) gained 17.1% to $9.47 following quarterly results.
• Resideo Technologies, Inc. (NYSE:REZI) rose 16.7% to $19.94 after the company reported better-than-expected quarterly financial results.
• Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) jumped 15.7% to $20.59 following better-than-expected quarterly results.
• Robinhood Markets, Inc. (NASDAQ:HOOD) shares gained 14.7% to $13.58 after the company reported better-than-expected fourth-quarter financial results.
• United Fire Group, Inc. (NASDAQ:UFCS) rose 13.5% to $24.32 following upbeat results.
• Allison Transmission Holdings, Inc. (NASDAQ:ALSN) gained 13% to $69.53 after the company reported better-than-expected quarterly financial results.
• MRC Global Inc. (NYSE:MRC) rose 12.1% to $11.64 following upbeat earnings.
• Coinbase Global, Inc. (NASDAQ:COIN) gained 11.5% to $156.50 amid strength in Bitcoin.
• CCSC Technology International Holdings Limited (NASDAQ:CCTG) shares rose 10.2% to $3.56 after dipping around 10% on Tuesday.
• Tower Semiconductor Ltd. (NASDAQ:TSEM) gained 8.5% to $31.07 following strong results.
• Sentage Holdings Inc. (NASDAQ:SNTG) shares jumped 8.4% to $2.46.
• Charles River Laboratories International, Inc. (NYSE:CRL) gained 7.2% to $236.00 after the company reported better-than-expected fourth-quarter results and issued guidance above estimates.
• VBI Vaccines Inc. (NASDAQ:VBIV) shares surged 5.2% to $0.6941. Brii Biosciences agreed to acquire VBI's IP rights in BRII-179 (VBI-2601) and plans to initiate technology transfer to expand clinical and commercial supplies.

Losers

• Azitra, Inc. (NYSE:AZTR) shares fell 69.5% to $0.2653. Azitra priced its $5 million public offering of 16.667 million common shares at $0.30 per share.
• Ohmyhome Limited (NASDAQ:OMH) fell 40.7% to $1.3397 after the company priced its upsized $4.8 million public offering of 3,555,555 ordinary shares at $1.35 per share.
• QuidelOrtho Corporation (NASDAQ:QDEL) fell 34.9% to $43.49 after the company reported worse-than-expected fourth-quarter financial results and issued FY24 adjusted EPS below estimates.
• BioNexus Gene Lab Corp. (NASDAQ:BGLC) shares fell 34.4% to $1.03 after jumping 282% on Tuesday.
• Sunworks, Inc. (NASDAQ:SUNW) fell 34.3% to $0.0662.
• Enviva Inc. (NYSE:EVA) fell 33.2% to $0.2977. Enviva is preparing to file for bankruptcy within days, the Wall Street Journal reported.
• EpicQuest Education Group International Limited (NASDAQ:EEIQ) fell 27.5% to $1.16.
• Nukkleus Inc. (NASDAQ:NUKK) shares declined 21.6% to $1.5338 after surging over 55% on Tuesday. Goldman Sachs reported a 7.2% passive stake in Nukkleus as of Dec. 29, 2023.
• Upstart Holdings, Inc. (NASDAQ:UPST) fell 20.5% to $26.19 after the company issued first-quarter revenue guidance below estimates.
• Esports Entertainment Group, Inc. (NASDAQ:GMBL) shares fell 20% to $1.48. Esports Entertainment Group announced voluntary delisting from the Nasdaq and transfer to the OTCQB Venture Market.
• Qurate Retail, Inc. (NASDAQ:QRTEB) declined 18.4% to $4.69.
• CAE Inc. (NYSE:CAE) fell 12.2% to $18.36 after the company reported worse-than-expected quarterly financial results.
• The Chemours Company (NYSE:CC) dipped 10.5% to $27.29.
• Vroom, Inc. (NASDAQ:VRM) fell 10.5% to $13.71.
• Maplebear Inc. (NASDAQ:CART) fell 7.8% to $25.67 following quarterly results.
• MGM Resorts International (NYSE:MGM) shares declined 7.4% to $42.29 after the company reported fourth-quarter financial results.
• Akamai Technologies, Inc. (NASDAQ:AKAM) fell 7.3% to $115.89 after the company reported mixed quarterly financial results.
• The Kraft Heinz Company (NASDAQ:KHC) declined 5.5% to $34.13 after the company reported mixed quarterly financial results.
• Airbnb, Inc. (NASDAQ:ABNB) shares declined 5% to $143.25 after the company reported fourth-quarter financial results.

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