Why XP Shares Are Trading Lower By Around 12%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Shares of XP Inc. (NASDAQ:XP) fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter EPS results.

XP posted quarterly earnings of 37 cents per share, missing market estimates of 40 cents per share. The company's quarterly sales came in at $818.79 million versus expectations of $784.08 million, according to data from Benzinga Pro.

XP shares dipped 11.5% to $18.99 on Wednesday.

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

Gainers

• Akoustis Technologies, Inc. (NASDAQ:AKTS) shares climbed 213.3% to $0.4254 after the company reportedly floated the probability of bankruptcy after losing a lawsuit against Qorvo.
• Barnes & Noble Education, Inc. (NYSE:BNED) gained 119.7% to $1.1883 on continued volatility. Greenhaven last week said it continues to explore a possible transaction with the company.
• Binah Capital Group, Inc. (NASDAQ:BCG) gained 58.7% to $4.27.
• Siyata Mobile Inc. (NASDAQ:SYTA) jumped 56% to $3.70 after the company announced the expansion of its SD7 rollout at Baha Mar Resort.
• BuzzFeed, Inc. (NASDAQ:BZFD) shares gained 48.2% to $3.71 after Vivek Ramaswamy disclosed a 7.7% stake in the company.
• Oblong, Inc. (NASDAQ:OBLG) rose 36% to $0.2300.
• Mustang Bio, Inc. (NASDAQ:MBIO) shares gained 27% to $0.3951 after falling over 8% on Tuesday.
• DermTech, Inc. (NASDAQ:DMTK) rose 26% to $0.44.
• IGM Biosciences, Inc. (NASDAQ:IGMS) jumped 24% to $10.44.
• Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) gained 23% to $3.0201 following better-than-expected quarterly financial results.
• FREYR Battery, Inc. (NYSE:FREY) gained 22.8% to $2.42 after the company issued an operations update.
• CureVac N.V. (NASDAQ:CVAC) jumped 20.3% to $3.9604.
• Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) rose 20% to $3.2601. Maxeon Solar Technologies announced Nasdaq notification of non-compliance.
• MGO Global, Inc. (NASDAQ:MGOL) gained 15.6% to $1.4450. MGO Global shares jumped around 447% on Tuesday after the company posted a year-over-year increase in its first-quarter financial results.
• Venus Concept Inc. (NASDAQ:VERO) rose 12.8% to $0.7002.
• LM Funding America, Inc. (NASDAQ:LMFA) shares climbed 12.2% to $3.67 after jumping around 15% on Tuesday. LM Funding America, last week, posted better-than-expected first-quarter earnings.
• Daqo New Energy Corp. (NYSE:DQ) gained 12.1% to $21.43.
• SunPower Corporation (NASDAQ:SPWR) rose 10.5% to $3.0294 after the company announced it will now offer Tesla Powerwall 3 as part of its portfolio.
• Novavax, Inc. (NASDAQ:NVAX) climbed 9.5% to $16.33. Shah Capital recently withdrew its proxy campaign against the re-election of directors at Novavax’s 2024 Annual Meeting.
• Canadian Solar Inc. (NASDAQ:CSIQ) rose 9.2% to $17.28. Roth MKM analyst Philip Shen maintained Canadian Solar with a Buy and maintained a $25 price target.
• Brady Corporation (NYSE:BRC) gained 8.6% to $65.48 after the company posted upbeat quarterly earnings and raised earnings guidance for FY24.
• VS Media Holdings Ltd (NASDAQ:VSME) gained 7.7% to $0.4065 after falling over 7% on Tuesday.
• The TJX Companies, Inc. (NYSE:TJX) gained 6.8% to $104.32 following upbeat earnings.
• Analog Devices, Inc. (NASDAQ:ADI) jumped 6% to $229.69 following better-than-expected second-quarter financial results.
• Moderna, Inc. (NASDAQ:MRNA) rose 5.6% to $151.80.
• Williams-Sonoma, Inc. (NYSE:WSM) gained 4.7% to $329.05 after the company reported first-quarter financial results.