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

Shares of United Parcel Service, Inc. (NYSE:UPS) fell sharply during Tuesday’s session after the company reported worse-than-expected fourth-quarter sales results and issued FY24 sales guidance below estimates.

UPS reported a fourth-quarter fiscal 2023 revenue decline of 7.8% year-over-year to $24.92 billion, missing the consensus of $25.43 billion. Adjusted EPS was $2.47, down from $3.62 in Q4 2022, in line with the consensus.

United Parcel Service shares dipped 8.3% to $145.04 on Tuesday.

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

Gainers

• Agape ATP Corporation (NASDAQ:ATPC) shares jumped 79% to $0.9120.
• Pixelworks, Inc. (NASDAQ:PXLW) rose 56.8% to $2.3209 after the company entered into a multi-year agreement with Walt Disney Studios.
• Agrify Corporation (NASDAQ:AGFY) surged 50.7% to $0.9120 after a 13D filing showed I-Tseng Jenny Chan reported a 49.99% stake in the company.
• Rail Vision Ltd. (NASDAQ:RVSN) gained 38.8% to $20.38 after the company announced its next generation AI-based computer to be incorporated in its Main Line and Switch Yard systems.
• Inspire Veterinary Partners, Inc. (NASDAQ:IVP) climbed 38% to $0.2359 after falling around 24% on Monday. Inspire Veterinary Partners recently filed a prospectus related to up to a $5 million public offering.
• Sanmina Corporation (NASDAQ:SANM) shares climbed 36.7% to $69.21 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.
• Selina Hospitality PLC (NASDAQ:SLNA) gained 20.8% to $0.4603.
• C3is Inc. (NASDAQ:CISS) shares surged 19.1% to $0.1609 after a 13G filing showed S.H.N. Financial reported a 9.1% stake in the company.
• Brainstorm Cell Therapeutics Inc. (NASDAQ:BCLI) rose 18.2% to $0.39.
• Kura Oncology, Inc. (NASDAQ:KURA) climbed 16.1% to $21.60. Kura Oncology reported preliminary ziftomenib combination data in acute myeloid leukemia.
• Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) gained 13.9% to $1.56 after gaining more than 25% on Monday. Petros Pharmaceuticals recently announced completion of initial cohort of Phase 2 equivalent self-selection study.
• Tivic Health Systems, Inc. (NASDAQ:TIVC) rose 13.1% to $1.55.
• Nuvve Holding Corp. (NASDAQ:NVVE) gained 12.7% to $3.5380. Nuvve won a $16 million contract from Fresno EOC to 'transition EV fleet without taxing the powergrid."
• Commvault Systems, Inc. (NASDAQ:CVLT) gained 11.6% to $91.01 following strong quarterly results.
• Helmerich & Payne, Inc. (NYSE:HP) rose 11.6% to $40.49 following upbeat earnings.
• Merchants Bancorp (NASDAQ:MBIN) gained 9.2% to $47.96. Raymond James analyst Daniel Tamayo maintained Merchants Bancorp with a Strong Buy and raised the price target from $44 to $55.
• Nayax Ltd. (NASDAQ:NYAX) climbed 8.4% to $25.15.
• Corning Incorporated (NYSE:GLW) surged 8% to $33.62 following strong sales.
• General Motors Company (NYSE:GM) gained 7.6% to $38.06 after the company reported better-than-expected fourth-quarter financial results and issued 2024 adjusted EPS guidance above estimates.
• Celestica Inc. (NYSE:CLS) gained 4.6% to $34.06 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.

Losers

• Baijiayun Group Ltd (NASDAQ:RTC) shares dipped 66.4% to $2.50.
• Meiwu Technology Company Limited (NASDAQ:WNW) tumbled 49% to $3.93.
• Sidus Space, Inc. (NASDAQ:SIDU) shares fell 42.7% to $4.9863 after the company announced the pricing of its public offering of 1,251,700 Class A shares at $4.50 per share.
• 60 Degrees Pharmaceuticals, Inc. (NASDAQ:SXTP) fell 40.1% to $0.31 after the company announced pricing of a $2.4 million public offering.
• Palisade Bio, Inc. (NASDAQ:PALI) fell 32% to $0.6550. Palisade Bio announced exercise of previously issued warrants for $2.5 million.
• Nyxoah S.A. (NASDAQ:NYXH) dipped 39% to $7.53 after surging 31% on Monday.
• Revelation Biosciences, Inc. (NASDAQ:REVB) shares dipped 28.4% to $9.30 after gaining around 32% on Monday.
• Calix, Inc. (NYSE:CALX) declined 26.6% to $32.56 after the company issued first-quarter adjusted EPS and revenue guidance below estimates.
• Aileron Therapeutics, Inc. (NASDAQ:ALRN) dipped 25.4% to $4.53.
• CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) shares fell 24.5% to $0.2504 after the company reported pricing of $4.0 million public offering.
• IM Cannabis Corp. (NASDAQ:IMCC) dipped 22% to $0.2520.
• Solowin Holdings (NASDAQ:SWIN) fell 21.7% to $5.05.
• Jianpu Technology Inc. (NYSE:JT) declined 21.2% to $0.3785.
• Addex Therapeutics Ltd (NASDAQ:ADXN) fell 21.1% to $10.50 after gaining 7% on Monday.
• Adtalem Global Education Inc. (NYSE:ATGE) dipped 20.5% to $46.60. CNBC reported that short seller Fahmi Quadir has taken a short position in the stock.
• Richtech Robotics Inc. (NASDAQ:RR) fell 19.1% to $2.2640.
• Motus GI Holdings, Inc. (NASDAQ:MOTS) fell 17% to $0.7751. Motus GI Holdings publishesd results from European study of second generation Pure-Vu System in improving visualization for colonoscopy Ib patients with history of poor bowel preparation.
• Malibu Boats, Inc. (NASDAQ:MBUU) fell 15.5% to $43.08 after the company reported mixed second-quarter financial results.
• AEON Biopharma, Inc. (NYSE:AEON) dipped 15.5% to $7.20.
• Weatherford International plc (NASDAQ:WFRD) declined 14.7% to $85.00.
• OneMedNet Corporation (NASDAQ:ONMD) shares fell 13.9% to $1.18 after jumping 156% on Monday.
• Borr Drilling Limited (NYSE:BORR) fell 11.2% to $6.56.
• Prothena Corporation plc (NASDAQ:PRTA) fell 9.8% to $30.43. B of A Securities analyst Tazeen Ahmad downgraded Prothena from Buy to Neutral and lowered the price target from $68 to $38.
• Schlumberger Limited (NYSE:SLB) fell 9.4% to $48.18. Schlumberger Chief Sustainability Officer Katharina Beumelburg sold a total of 8,000 shares at an average price of $52.63.
• Infobird Co., Ltd (NASDAQ:IFBD) declined 9.4% to $0.6430 after gaining around 35% on Monday.
• Tidewater Inc. (NYSE:TDW) fell 7.1% to $68.21.
• Whirlpool Corporation (NYSE:WHR) shares declined 6.7% to $109.81 after the company issued 2024 ongoing EPS and net sales guidance below estimates.
• NOV Inc. (NYSE:NOV) dipped 6.5% to $19.64.
• Johnson Controls International plc (NYSE:JCI) fell 4.7% to $53.99 after the company reported mixed first-quarter results and cut its FY24 EPS guidance.
• A. O. Smith Corporation (NYSE:AOS) fell 4.4% to $77.76 following quarterly results.

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