Midday Stock Movers: Longeveron Surges, Dell, UiPath, Expensify Plunge

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Midday Stock Movers: Longeveron Surges, Dell, UiPath, Expensify Plunge
Credit: © Reuters.

By Sam Boughedda

Investing.com -- U.S. indices are moving lower again Thursday, with the Dow down around 0.4% at midday. Here are the midday movers on Thursday, March 31st.

Longeveron (NASDAQ: LGVN ) shares have risen 64% after the company's Phase 1 trial of Lomecel-B on patients with mild Alzheimer's disease met its primary endpoint.

HP (NYSE: HPQ ) and Dell Technologies (NYSE: DELL ) are both down midday on news that Morgan Stanley downgraded both companies. HP was downgraded to Underweight from Equal-Weight, while Dell was cut to Equal-Weight from Overweight. HP is currently down 5%, while Dell has fallen 5.6%.

UiPath (NYSE: PATH ) has plunged 24% after reporting a weak outlook for the fiscal first quarter of 2023. The company did, however, beat earnings and revenue estimates.

Baidu (NASDAQ: BIDU ) stock trades 6.3% weaker Thursday after the SEC added its name to a list of companies that face the risk of being delisted.

Walgreens Boots Alliance (NASDAQ: WBA ) has fallen 4.7% Thursday after reporting second-quarter earnings that beat analysts' forecasts but revenue that fell short of expectations.

Expensify  (NASDAQ: EXFY ) is 13% lower Thursday after the online expense management company forecasted weaker-than-expected revenue for the current quarter. Nevertheless, the company beat earnings and revenue expectations.

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