Why Caterpillar Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Caterpillar Inc. CAT: Reported better-than-expected first-quarter EPS but missed revenue estimates, causing a 6.6% drop in shares.
- Stocks on the Move: Various stocks experienced significant movements during the mid-day session:
- Barfresh Food Group, Inc. BRFH surged 87.2%.
- Safe & Green Holdings Corp. SGBX shares jumped 80% after securing an agreement for electrical distribution centers.
- Processa Pharmaceuticals, Inc. PCSA gained 37.2% following a Buy rating initiation.
- Aclarion, Inc. ACON rose 35%, reAlpha Tech Corp. AIRE gained 28.5%, and OptiNose, Inc. OPTN rose 27.5%.
- Other Stock Movements: Several companies saw notable increases:
- Intelligent Living Application Group Inc. ILAG climbed 21.3%.
- P.A.M. Transportation Services, Inc. PTSI surged 19.8%.
- SuperCom Ltd. SPCB climbed 19%.
- Companies with Positive Results: Companies like Impinj, Inc. PI and Tyler Technologies, Inc. TYL reported better-than-expected results, leading to share price increases.
- Companies with Declines: Numerous companies experienced declines, such as Hertz Global Holdings, Inc. HTZ, Southwest Airlines Co. LUV, and International Business Machines Corporation IBM.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
