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

  • Investing.com
  • Stock Market News
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.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles