Daily Market Movers for November 12th, 2019

Published on: 12 Nov, 2019

Daily Market Movers for November 12th, 2019

Daily Gainers:

Applied DNA Sciences, Inc. (NASDAQ: APDN) shares skyrocketed by 186% on Tuesday morning after the Company announced the successful DNA tagging of leather at one of the world’s largest tanneries based in Asia.

Amarin Corporation plc (NASDAQ: AMRN) soared by 20% after a Food and Drug Administration committee released documents saying that the Company’s prescription fish-oil Vascepa has a “favorable benefit/risk profile” for a cardiovascular indication.

DXC Technology Company (NYSE: DXC) reported its second quarter financial results and missed analysts’ earnings and revenue estimates. During Monday’s extended trading hours, shares plummeted by as much as 17%. However, on Tuesday morning, shares were trading 8% higher during pre-market hours. For the quarter, DXC reported earnings of USD 1.38 per share on revenue of USD 4.85 Billion. Analysts expected earnings of USD 1.33 per share on revenue of USD 4.92 Billion.

Sea Limited (NYSE: SE) shares rose by 18% on Tuesday morning after the Company reported narrower losses on higher revenue. For the quarter, Sea Limited reported a net loss of USD 206.1 Million on revenue of USD 610.14 Million. The Company reported that net losses improved by 5.5% while revenue rose by 197.7% year-over-year.

Cronos Group Inc. (NASDAQ: CRON) shares rose by as much as 3% on Tuesday morning after the Company reported its quarterly financial results. The Company reported earnings of CAD 0.53 per share on revenue of CAD 12.7 Million.

Daily Losers:

Overstock.com, Inc. (NASDAQ: OSTK) shares plummeted by 17% early Tuesday morning after the Company reported its third quarter financial results. The Company reported earnings loss of USD 0.89 per share on revenue of USD 347 Million. Analysts anticipated earnings loss of USD 0.56 per share on revenue of USD 376 Million.

Tencent Music Entertainment Group (NYSE: TME) shares slipped by 8% on Tuesday after the Company reported in-line earnings. For the quarter, Tencent Music reported earnings of USD 0.09 per share on revenue of USD 910 Million. Analysts projected earnings of USD 0.090 per share on revenue of USD 909 Million.

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Bryan Shin

Email: Bryan@financialinsiders.com

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