Why Fastenal 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
Updated: Apr 11 2024
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Source: Business Insider
- Fastenal Company Performance: Fastenal Company (NASDAQ:FAST) experienced a sharp decline in shares due to lower-than-expected first-quarter financial results, with sales growth of 1.9% Y/Y and EPS missing consensus.
- Gainers in Mid-Day Session: Various stocks saw gains during the mid-day session, including Rallybio Corporation, Rent the Runway, Eliem Therapeutics, Akanda Corp., Alpine Immune Sciences, and others.
- Losers in Mid-Day Session: Several stocks faced declines, such as Aptevo Therapeutics, Enlivex Therapeutics, AVITA Medical, Globe Life Inc., The Lovesac Company, and more.
- Specific Stock Movements: Notable movements included AnaptysBio climbing 11.4%, Nikola Corporation falling 11.3%, and CarMax dropping 11.7%.
- Health Care Stocks Outlook: The article also mentions the top three health care stocks that could potentially benefit portfolios in the current quarter.
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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.
