Why Tilray Brands Shares Are Trading Lower By Around 22%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Avi Kapoor

April 09, 2024

Shares of Tilray Brands, Inc. (NASDAQ:TLRY) fell sharply during Tuesday’s session after the company missed third-quarter estimates and said it no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024.

Tilray Brands reported financial results on Tuesday for its third quarter ended Feb. 29, 2024, revealing $188.3 million in net revenue, representing a 30% year-over-year increase. Net loss decreased to $105 million in the third quarter compared to a net loss of $1.2 billion in the prior year quarter.

Tilray Brands shares dipped 22.2% to $2.0152 on Tuesday.

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

Gainers

Laser Photonics Corporation (NASDAQ:LASE) shares climbed 168% to $3.82 after the company announced it secured an order for its LaserTower COMPACT marking and engraving system from L3Harris Technologies.
BioSig Technologies, Inc. (NASDAQ:BSGM) shares surged 123% to $2.77 after jumping over 96% on Monday.
Mobile Global Esports Inc. (NASDAQ:MGAM) jumped 100% to $0.2440.
Acrivon Therapeutics, Inc. (NASDAQ:ACRV) climbed 62.4% to $9.60. The company announced a $130 million private placement financing.
Selina Hospitality PLC (NASDAQ:SLNA) gained 47% to $0.0588. Selina management reaffirmed its confidence in its strategy and highlighted alignment with shareholders through equity ownership in the company.
MediaCo Holding Inc. (NASDAQ:MDIA) shares jumped 37.3% to $4.15 after falling 22% on Monday. On April 4, an SEC filing showed Standard General L.P. reported a 95.2% stake in the company, as of April 1.
Motorsport Games Inc. (NASDAQ:MSGM) surged 34% to $2.73.
Rail Vision Ltd. (NASDAQ:RVSN) gained 29% to $2.02 after the company announced that it secured an order for its AI-powered Switch Yard System from a Class 1 freight rail company in North America.
Anghami Inc. (NASDAQ:ANGH) surged 28.5% to $1.44.
Biophytis S.A. (NASDAQ:BPTS) rose 24.9% to $0.3959 after reporting FY23 results.
Syros Pharmaceuticals, Inc. (NASDAQ:SYRS) climbed 21.1% to $5.45. Syros received Fast Track Designation from the FDA for tamibarotene for the treatment of newly diagnosed unfit AML with RARA gene overexpression.
MyMD Pharmaceuticals, Inc. (NASDAQ:MYMD) shares climbed 19.9% to $3.1175 after jumping 22% on Monday.
Assure Holdings Corp. (NASDAQ:IONM) rose 19.7% to $0.7150.
Anghami Inc. (NASDAQ:ANGH) gained 17.6% to $1.3190 after dipping over 3% on Monday.
CaliberCos Inc. (NASDAQ:CWD) gained 16.8% to $1.04.
MSP Recovery, Inc. (NASDAQ:LIFW) rose 16% to $1.81.
Niu Technologies (NASDAQ:NIU) gained 14.4% to $2.06. Niu Technologies recently reported a year-over-year increase in first-quarter sales volume results.
TuanChe Limited (NASDAQ:TC) rose 14.4% to $2.23.
Taysha Gene Therapies, Inc. (NASDAQ:TSHA) gained 14% to $3.0650 after Piper Sandler initiated coverage on the stock with an Overweight rating and a price target of $9.
Lyell Immunopharma, Inc. (NASDAQ:LYEL) climbed 10.5% to $2.42.
BlackBerry Limited (NYSE:BB) gained 9% to $3.1340. The company announced a collaboration with Advanced Micro Devices, Inc. (NASDAQ:AMD), designed to revolutionize next-generation robotic systems by enabling new levels of low latency and jitter, as well as repeatable determinism.
XPeng Inc. (NYSE:XPEV) rose 8.7% to $8.02.
Moderna, Inc. (NASDAQ:MRNA) climbed 8.3% to $113.81.
NIO Inc. (NYSE:NIO) gained 7.7% to $4.7050. NIO filed its 2023 annual report on Form 20-F.

Losers

Vincerx Pharma, Inc. (NASDAQ:VINC) shares dipped 74% to $1.2450 after the company presented preliminary Phase 1 data for VIP236 and updates on pipeline progress at the AACR Annual Meeting 2024.
Destiny Tech100 Inc. (NASDAQ:DXYZ) fell 34.1% to $65.81 after jumping over 68% on Monday.
Eco Wave Power Global AB (NASDAQ:WAVE) fell 31.6% to $2.8701. Eco Wave Power Global shares jumped 219% on Monday after the company announced that it was selected by an international energy company to conduct wave energy feasibility studies for the U.S. coastline.
Eco Wave Power Global AB (NASDAQ:WAVE) shares fell 30.2% to $2.91. Eco Wave. Power global shares jumped 219% on Monday after the company announced that it was selected by an international energy company to conduct wave energy feasibility studies for the U.S. coastline.
HUB Cyber Security Ltd. (NASDAQ:HUBC) fell 22.6% to $1.0399.
Focus Universal Inc. (NASDAQ:FCUV) fell 20.8% to $0.2781. Focus Universal, on Monday, announced Warren Wang as Chief Strategy Officer.
Cognyte Software Ltd. (NASDAQ:CGNT) dipped 17.7% to $6.92 after the company reported fourth-quarter results and issued FY25 guidance.
Kineta, Inc. (NASDAQ:KA) fell 17.1% to $0.4490. Kineta reported initial clinical response data at the AACR 2024 of its ongoing Phase 1/2 VISTA-101 clinical trial.
VivoPower International PLC (NASDAQ:VVPR) fell 16.5% to $4.6786. VivoPower recently announced its Tembo subsidiary has now met all the milestones to obtain the final follow-on strategic direct equity investment into Tembo, at a pre-money valuation of $120 million.
Team, Inc. (NYSE:TISI) fell 16.4% to $6.75. Team named Pamela J. McGinnis to its Board of Directors.
Harmonic Inc. (NASDAQ:HLIT) declined 15.4% to $11.11 after announcing CEO succession. Harmonic said it sees first-quarter revenue of $121 million to $123 million.
GCT Semiconductor Holding, Inc. (NYSE:GCTS) fell 15.3% to $5.93.
UTime Limited (NASDAQ:WTO) fell 13.2% to $0.2603. UTime shares jumped 62% on Monday after the company completed a private placement.
Hanryu Holdings, Inc. (NASDAQ:HRYU) shares fell 12% to $0.2508 after jumping over 31% on Monday.
DigiAsia Corp. (NASDAQ:FAAS) fell 11.2% to $6.90 surging over 20% on Monday.
Binah Capital Group, Inc. (NASDAQ:BCG) fell 10.9% to $8.42.
Inozyme Pharma, Inc. (NASDAQ:INZY) dipped 10.3% to $5.27. Needham analyst Joseph Stringer reiterated Inozyme Pharma with a Buy and maintained a $23 price target.
Guardion Health Sciences, Inc. (NASDAQ:GHSI) shares declined 10% to $8.01.
Aurora Cannabis Inc. (NASDAQ:ACB) fell 9.3% to $6.36.
MicroStrategy Incorporated (NASDAQ:MSTR) dipped 8.3% to $1,388.07.
InMode Ltd. (NASDAQ:INMD) shares fell 8% to $18.20. InMode is projected to release its financial results for the first quarter before the opening bell on Thursday, May 2, 2024.
Neogen Corporation (NASDAQ:NEOG) shares dipped 6.2% to $13.49 after the company reported worse than expected third-quarter FY2024 earnings and cut 2024 guidance.
Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) fell 5.8% to $2.5699. Maxeon Solar said it sees preliminary fourth-quarter revenue of $229 million versus market estimates of $235.959 million.
Coinbase Global, Inc. (NASDAQ:COIN) fell 5.6% to $242.71. JMP Securities analyst Devin Ryan maintained Coinbase Glb with a Market Outperform and raised the price target from $300 to $320.
Comfort Systems USA, Inc. (NYSE:FIX) fell 5% to $306.15.

Now Read This: Bitcoin Falls Below $71,000 Data; Wormhole, Core Among Top Losers

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