Why Fastenal Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Avi Kapoor

April 11, 2024

Shares of Fastenal Company (NASDAQ:FAST) fell sharply during Thursday’s session following worse-than-expected first-quarter financial results.

Fastenal reported first-quarter FY24 sales growth of 1.9% Y/Y to $1.895 billion, missing the consensus of $1.914 billion. The company's first-quarter EPS was 52 cents, missing the consensus of 53 cents.

Fastenal shares dipped 6.7% to $69.73 on Thursday.

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

Gainers

Rallybio Corporation (NASDAQ:RLYB) shares climbed 89.6% to $3.09 after the company announced a collaboration with Johnson & Johnson to advance therapeutics for pregnant individuals at risk of FNAIT.
Rent the Runway, Inc. (NASDAQ:RENT) shares jumped 74.5% to $12.91 after the company reported mixed fourth-quarter financial results and issued guidance.
Eliem Therapeutics, Inc. (NASDAQ:ELYM) jumped 59.6% to $4.2650. The company announced that it entered into a definitive acquisition agreement to acquire Tenet and it also entered into a securities purchase agreement for a $120 million private placement.
Akanda Corp. (NASDAQ:AKAN) gained 36% to $0.1632. Akanda, last month, announced a plan to evaluate opportunities in Bitcoin, Blockchain and AI applications in the cannabis industry.
Alpine Immune Sciences, Inc. (NASDAQ:ALPN) rose 36.6% to $64.25 after Vertex entered into an agreement to acquire the company.
Candel Therapeutics, Inc. (NASDAQ:CADL) surged 29.6% to $6.61 after the company received FDA orphan drug designation for CAN-2409 for the treatment of pancreatic cancer.
Enliven Therapeutics, Inc. (NASDAQ:ELVN) gained 26% to $24.97. Enliven Therapeutics announced proof of concept data from Phase 1 clinical trial of ELVN-001 in chronic myeloid leukemia.
Selina Hospitality PLC (NASDAQ:SLNA) rose 21.1% to $0.0923.
Globavend Holdings Limited (NASDAQ:GVH) climbed 16.8% to $1.68.
Janux Therapeutics, Inc. (NASDAQ:JANX) gained 16.8% to $52.15 following Wednesday reports suggesting the company is said to weigh a possible sale.
SciSparc Ltd. (NASDAQ:SPRC) shares rose 15.3% to $1.9357.
Gyre Therapeutics, Inc. (NASDAQ:GYRE) gained 14.6% to $15.91.
AnaptysBio, Inc. (NASDAQ:ANAB) climbed 11.4% to $24.72. Wells Fargo analyst Derek Archila initiated coverage on AnaptysBio with an Overweight rating and announced a price target of $56.
Verb Technology Company, Inc. (NASDAQ:VERB) gained 10.4% to $0.2010 after gaining 4% on Wednesday.
GigaCloud Technology Inc. (NASDAQ:GCT) rose 10.2% to $34.18.
Nurix Therapeutics, Inc. (NASDAQ:NRIX) gained 9.6% to $17.21. Baird analyst Joel Beatty maintained Nurix Therapeutics with an Outperform and raised the price target from $24 to $25.
StepStone Group LP (NASDAQ:STEP) rose 7.1% to $37.46 after JP Morgan upgraded the stock from Neutral to Overweight.

Losers

Aptevo Therapeutics Inc. (NASDAQ:APVO) shares fell 58% to $1.01 after the company priced its $4.6 million public offering.
Enlivex Therapeutics Ltd. (NASDAQ:ENLV) fell 54.5% to $1.81. The company announced topline results of its Phase II trial evaluating Allocetra in sepsis.
AVITA Medical, Inc. (NASDAQ:RCEL) fell 28.6% to $10.31 after the company announced an update to its expected commercial revenue for the first quarter of 2024. BTIG downgraded the stock from Buy to Neutral.
Aesthetic Medical International Holdings Group Limited (NASDAQ:AIH) fell 19% to $0.3723.
Globe Life Inc. (NYSE:GL) fell 14.6% to $89.65.
The Lovesac Company (NASDAQ:LOVE) shares fell 14.3% to $20.00 after the company reported worse-than-expected fourth-quarter results and issued first-quarter guidance.
Globe Life Inc. (NYSE:GL) fell 13.7% to $90.56.
Meiwu Technology Company Limited (NASDAQ:WNW) shares declined 12.4% to $1.1601 after jumping around 32% on Wednesday.
Acorda Therapeutics, Inc. (NASDAQ:ACOR) fell 12% to $0.7660 after declining 14% on Wednesday. Acorda Therapeutics recently commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code.
CarMax, Inc. (NYSE:KMX) fell 11.7% to $70.02 after the company reported lower-than-expected fourth-quarter earnings.
VBI Vaccines Inc. (NASDAQ:VBIV) dipped 11.3% to $0.5641.
Nikola Corporation (NASDAQ:NKLA) fell 11.3% to $0.8680. On April 9, Wolfe Research analyst Scott Group initiated coverage on Nikola with a Peer Perform rating.
Marin Software Incorporated (NASDAQ:MRIN) declined 10.8% to $0.5798.
SolarBank Corporation (NASDAQ:SUUN) fell 9.3% to $5.29. SolarBank closed purchase of 3.15 MW solar project in New York from Storke Renewable.
Esperion Therapeutics, Inc. (NASDAQ:ESPR) fell 9.1% to $2.29.
9F Inc. (NASDAQ:JFU) fell 8.8% to $2.7046.
iCoreConnect Inc. (NASDAQ:ICCT) shares fell 8.5% to $1.55 after jumping over 50% on Wednesday.
ClearOne, Inc. (NASDAQ:CLRO) declined 8.3% to $1.00. The company recently reported fourth-quarter financial results.
Nyxoah S.A. (NASDAQ:NYXH) fell 7.3% to $9.83
Acorda Therapeutics, Inc. (NASDAQ:ACOR) fell 6.2% to $0.8164.
Walker & Dunlop, Inc. (NYSE:WD) fell 5.3% to $87.71 after Wedbush downgraded the stock from Outperform to Neutral and lowered its price target from $130 to $95.

Now Read This: Top 3 Health Care Stocks Which Could Rescue Your Portfolio This Quarter

Recommended

The $240M AI Disruptor - Ad

Trump's Economic Plan Is Driving a "Golden Anomaly" in Tiny Gold Miners - Ad

Are you owed an extra $2,105 a month in extra cash? - Ad

Elon Musk and Marco Rubio reportedly engaged in a heated debate during a meeting with President Donald Trump and other officials.

NBA Legend Shaq's Walmart Shopping Spree Ends In Credit Card Decline - Here's How Much He Tried To Spend

Basketball superstar Shaquille O'Neal's impact goes beyond basketball, with his larger-than-life personality and smart investments. Yet, one of his most unforgettable moments happened at Walmart.

Washington Won't Save You--but This 4-Step Plan Might

Washington Won't Save You--but This 4-Step Plan Might - Ad

America's economy is unraveling--soaring costs, skyrocketing debt, and Wall Street insiders dumping stocks. This isn't a recession--it's an economic breakdown. Stocks could crash 50%, real estate 40%, and inflation will eat your savings. But history shows: the biggest crashes create the biggest fortunes--if you act now!

Japan's economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending

TOKYO (AP) — Japan’s has cut its estimate for its economic growth in the last quarter of the year to a 2.2% annual pace from 2.8% as consumer spending hit demand.

China is ending its annual Congress with questions open over how to revive its slowing economy

BEIJING (AP) — China is wrapping up its biggest political event of the year on Tuesday leaving one question unanswered: How far will it go to try to revive economic growth in 2025?

Warning: What They Haven't Told You (Yet) About the 2025 Selloffs

Warning: What They Haven't Told You (Yet) About the 2025 Selloffs - Ad

In light of massive recent selloffs... Stansberry Research has issued a new warning for the public. Their latest research shows the real truth about the 2025 tariff selloffs is much bigger -- and much worse -- than the public realizes. They say unless you take the right steps now... You could soon see your wealth cut in half.

Albania shuts down TikTok for a year amid concerns over violence among children

TIRANA, Albania (AP) — The Albanian Cabinet decided on Thursday to shut down for 12 months, blaming the popular video-sharing platform for inciting violence and bullying, especially among children.

Canada to name a new leader while dealing with Trump trade war

TORONTO (AP) — looks set to pick a measured former central banker to deal with the threats tariffs pose against a pillar of Western free trade.

Wall Street Pioneer's AI Warning: "I thought we had more time..."

Wall Street Pioneer's AI Warning: "I thought we had more time..." - Ad

A radical new AI development is about to blindside millions of Americans. This early pioneer just issued an urgent warning explaining everything.

Washington Post columnist quits after her opinion piece criticizing owner Jeff Bezos is rejected

A columnist who has worked at The Washington Post for four decades resigned on Monday after the newspaper's management decided not to run her commentary critical of owner Jeff Bezos' .

Mortgage lender Rocket Cos. to acquire real estate brokerage Redfin in deal valued at $1.75 billion

Mortgage lender Rocket Cos. has agreed to acquire online real estate brokerage Redfin in an all-stock deal valued at $1.75 billion.

Forget Nvidia - This Odd Tariff Play Is Now Going Viral

Forget Nvidia - This Odd Tariff Play Is Now Going Viral - Ad

As President Trump slaps China with new tariffs, the Fed is boxed in--and gold is skyrocketing just like it did during Trump's first term. JPMorgan just grabbed $4 Billion in gold bars... should you? Discover a "Tariff Assistance Loophole" to move funds from your IRA & 401(k) into gold--tax-free!

Trump signs executive order to establish government bitcoin reserve

President Donald Trump signed an executive order Thursday establishing a , a key marker in the cryptocurrency's journey towards possible mainstream acceptance.

Who is Mark Carney, the next prime minister of Canada?

TORONTO (AP) — Former central banker Mark Carney will become Canada’s next prime minister after a Liberal Party leadership vote in a landslide.

Warning: China Launches AI Attack on America

Warning: China Launches AI Attack on America - Ad

China just launched what can only be described as an AI attack on America. And according to Louis Navellier, the legendary investor who picked Nvidia before shares exploded as high as 3,423%... President Trump is already planning a counter attack. And it's creating an incredible opportunity for you in this small group of AI stocks.

Elon Musk Says Ukraine Behind 'Massive Cyberattack' On X: 'We're Not Sure Exactly What Happened...'

Elon Musk stated that the reported "massive cyberattack" that his social media account X faced on Monday is suspected to have originated from Ukraine.

LOCALIZE IT: DOGE is canceling hundreds of federal real estate leases. Investigate those near you

EDITORS AND NEWS DIRECTORS:

Trump's Secret Plan to Reboot the Dollar Leaked?

Trump's Secret Plan to Reboot the Dollar Leaked? - Ad

Steve Bannon let slip 3 shocking words--and Wall Street panicked. According to Bannon, President Trump is poised to restore the gold standard, reset the dollar, and send gold soaring. Position yourself before it's too late! Claim your free 2025 Gold Guide and discover the Trump Loophole to move funds from your IRA & 401(k) into gold--tax-free!

South Africa plans to spend more on health and defense after the US cuts aid

JOHANNESBURG (AP) — Lawmakers in South Africa laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.5%, a move that will raise the cost of living as consumers pay more for goods, including food, and services.

Japan's Seven & i sells retail business to Bain Capital for $5.4 billion, plans IPO

Japan’s Seven & i, the parent company of the Japanese 7-Eleven convenience store chain, said Thursday it is selling its supermarket store assets to Bain Capital for about $5.4 billion.

Trump's Tariff Move Has Created a Massive Opportunity for 401(K)S

Trump's Tariff Move Has Created a Massive Opportunity for 401(K)S - Ad

Alibaba Unveils New AI Chip To Power China's Open-Source Tech Push, Challenge US Chip Giants

Alibaba's new processor, XuanTie C930, boosts China's semiconductor industry by promoting open-source chips & AI acceleration, amid US sanctions.

Cardano, XRP, Solana Drop As White House Clarifies Trump's Crypto Reserve Plan

Cardano (CRYPTO: ADA), XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) declined on Friday after a top White House aide suggested President

The $20 Trillion Secret of Room 3330

The $20 Trillion Secret of Room 3330 - Ad

Developed by the U.S. military 79 years ago, this controversial technology is about to change American life forever: Elon Musk has already funneled $6 billion to resurrect this covert project -- and the companies involved are minting 10,000 millionaires every week [Goldman Sachs].

How to roll over an old 401(k)

Old are a little like the old clothes in the back of your closet. You know you should do something about them, but there they sit, mostly out of sight and mind.

Nasdaq 100 To Enter Bear Territory, Confirms Historical Trend After Falling Over 3.5%: 'Not The Best Sign For Bulls,' Says Expert

Nasdaq 100 confirmed a historical trend that it could be entering a bear market after it fell 3.81% on Monday, its worst day since 2022.

The "Second Wave" of 2025 Crashes (Could Be Worst in Us History)

The "Second Wave" of 2025 Crashes (Could Be Worst in Us History) - Ad

According to the man who predicted 2008, 2020, and 2022... A new wave of crashes are coming to the US stock market. But these will be different. The moment they hit, they could kick off the worst (and longest) financial crisis in American history.

Stock market today: Asian shares rebound after Trump pullback on some tariffs cheers investors

BANGKOK (AP) — Asian shares were mostly higher Thursday, tracking a rebound on Wall Street after pulled back on some of his tariffs hikes.

Cathie Wood Stands By 'Deflationary Boom' Call As Gene Munster Compares Market Turmoil To Dot-Com Bubble

Ark Funds CEO Cathie Wood forecasts a "deflationary boom" as markets tumbled on Monday, with the Magnificent Seven tech stocks shedding approximately $780 billion in market capitalization.

March 20th: The NEXT 50X Nvidia Call

March 20th: The NEXT 50X Nvidia Call - Ad

In 2016 Louis Navellier made a big prediction regarding Nvidia's GPUs... Its stock price was a split-adjusted $1 and went up more than 7,000% at its peak. Don't miss Louis NEXT BIG Nvidia call. (Plus 6 stocks you need to own before March 20th.)

Mark Carney Takes Justin Trudeau's Job As Canada's New PM, Ready to Face Trump's Tariff Threats: 'I Know How To Manage Crises'

Mark Carney, a former central banker with no prior political experience, is set to become Canada's prime minister, tasked with navigating trade tensions and Trump's tariffs.

Trump is buying a Tesla. A look at the harsh things he's had to say about EVs over the years

WASHINGTON (AP) — President Donald Trump, who's to show loyalty to company CEO , has had plenty to say about electric vehicles over the years. Most of it is not good.

Tech Legend: "Buy These AI Stocks Before May 21st"

Tech Legend: "Buy These AI Stocks Before May 21st" - Ad

While everyone is distracted by Trump's tariffs and a potential trade war...There's something much bigger scheduled on May 21st... And it could have huge implications for AI stocks and the market overall. This announcement could end the recent correction... And send these five stocks exploding higher.

VP Vance Slams Pro-Ukraine Protesters for Confronting Him With His Daughter: 'Chasing a Three-Year-Old for Politics'

Vice President Vance recently found himself confronted by a group of pro-Ukraine protestors while out with his young daughter in Ohio.

Salesforce Is Trading Below 200-DMA, But Goldman Sachs Sees Huge Stock Upside After Agentforce 2dx Unveil

Goldman Sachs analyst reiterates Buy on Salesforce with $400 PT. Positive on AI roadmap and growth potential, could yield early AI monetization.

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

India and New Zealand look to bolster ties after reviving free trade talks

NEW DELHI (AP) — Indian Prime Minister Narendra Modi and his New Zealand counterpart, Christopher Luxon, met Monday seeking to deepen their defense and economic ties, a day after the countries announced the revival of negotiations for a free trade agreement.

Canada's Retaliatory Tariffs Against US Draw Commerce Secretary Howard Lutnick's Ire Who Thinks They Are 'Tone Deaf:' 'The British Didn't Respond, The Mexicans Didn't Respond...''

The ongoing trade tensions between the U.S. and Canada, with Canada introducing retaliatory tariffs against the U.S. and criticism from Commerce Secretary Howard Lutnick.

Warren Buffett's Investing Partner's Shocking Final Move

Warren Buffett's Investing Partner's Shocking Final Move - Ad

Before he passed away, Charlie Munger, Warren Buffett's investing partner of 60 years, was rumored to have quietly made one final investment... Up until now, it has remained hidden from the public. It's potentially the smartest, most profitable, and most under-valued AI investment you can make today.

Trump-Announced Strategic Bitcoin Reserve To Allow Buying Additional BTC? Peter Schiff Doesn't Think So But Here's What The Order Says

President Donald Trump's executive order establishing a Strategic Bitcoin (CRYPTO: BTC) Reserve did not have the expected bullish impact on Thursday, as the leading cryptocurrency dropped on the announcement.

Trending Now