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