2023-01-25 19:30:21

Nasdaq Falls 50 Points; eHealth Shares Spike Higher

Logo Benzinga
Benzinga
By Lisa Levin

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite dropping around 50 points on Wednesday.

The Dow traded down 0.12% to 33,694.64 while the NASDAQ fell 0.44% to 11,284.18. The S&P 500 also fell, dropping, 0.22% to 4,008.11.

Check This Out:

Leading and Lagging Sectors

  • Financials shares rose by 0.4% on Wednesday. Meanwhile, top gainers in the sector included Alvarium Tiedemann Holdings Inc ALTI, up 119%, and eHealth Inc EHTH, up 33%.
  • In trading on Wednesday, utilities shares tumbled by 1.5%.

Top Headline

AT&T Inc T reported better-than-expected Q4 earnings.

AT&T reported fourth-quarter FY22 operating revenues of $31.34 billion, up 0.8% year-over-year, marginally missing the consensus of $31.39 billion. Adjusted EPS of $0.61 beat the consensus of $0.57.

AT&T expects adjusted FY23 EPS of $2.35 - $2.45, below the consensus of $2.56.

Equities Trading UP

  • Ensysce Biosciences, Inc. ENSC shares shot up 37% to $0.93 after the company reported initiation of final stage of opioid overdose protection Phase 1 study.
  • Shares of eHealth, Inc. EHTH got a boost, shooting 32% to $7.16 after the company raised its preliminary FY22 revenue guidance.
  • Sonoma Pharmaceuticals, Inc. SNOA shares were also up, gaining 55% to $1.86 after the company announced that Microcyn Rx products have received a Distribution and Price Agreement for distribution by the Defense Logistics Agency.

Equities Trading DOWN

  • Precigen, Inc. PGEN shares tumbled 26% to $1.63 after the company reported pricing of $75.0 million public offering of common stock.
  • Shares of Grom Social Enterprises, Inc. GROM were down 33% to $2.14 after the company reported pricing of $3.0 million private placement priced at-the-market per Nasdaq rules.
  • Extreme Networks, Inc. EXTR was down, falling 17% to $16.05. Extreme Networks posted upbeat Q2 results and also announced that CFO Rmi Thomas will leave the company.

Also Check This Out:

Continue read on benzinga.com

Logo Benzinga
Business / FinanceBy Lisa Levin2023-01-25 17:48:38
U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping more than 200 points on Wednesday. The Dow traded down 1.10% to 33,364.09...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 15:39:45
Stocks have moved sharply lower in morning trading on Wednesday, with the major averages all showing significant moves to the downside after ending the...

Logo Nasdaq
Business / FinanceBy Rtt News2023-01-25 18:20:39
(RTTNews) - After moving sharply lower early in the session, stocks have regained some ground over the course of the trading day on Wednesday. The major...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-24 21:15:46
After moving sharply higher for two straight sessions, stocks turned in a relatively lackluster performance during trading on Tuesday. The major averages...

Logo Benzinga
Business / FinanceBy Lisa Levin2023-01-25 08:01:47
The CNN Money Fear and Greed index showed some decline in overall market sentiment among US investors. US stocks closed mixed on Tuesday as investors...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-01-25 14:03:30
January has been great for the Nasdaq Composite (NASDAQINDEX: ^IXIC), as the index has mounted a solid recovery to claw back some of its lost ground from...

Logo Benzinga
Business / FinanceBy Lisa Levin2023-01-19 17:00:23
U.S. stocks traded lower midway through trading, with the Dow Jones dropping around 300 points on Thursday. The Dow traded down 0.92% to 32,990.29 while the...

Logo Nasdaq
Business / FinanceBy Schaeffer2023-01-24 21:27:32
The Dow added 104 points on Tuesday, brushing off disappointing guidance from 3M ( MMM ) and aNew York Stock Exchange (NYSE) technicalglitch that impacted...

Logo Nasdaq
Business / Finance2023-01-23 21:45:05
Mondays session closes with the NASDAQ Composite Index at 11,364.41. The total shares traded for the NASDAQ was over 5.62 billion. Advancers stocks led...

Logo Nasdaq
Business / FinanceBy Bnk Invest2023-01-24 20:04:00
The worst performing sector as of midday Tuesday is the Healthcare sector, showing a 1.2% loss. Within that group, Catalent Inc (Symbol: CTLT) and 3M Co...

Logo Benzinga
Business / FinanceBy Lisa Levin2023-01-24 17:04:24
U.S. stocks traded mostly flat midway through trading, with the Dow Jones trading slightly higher on Tuesday. The Dow traded up 0.03% to 33,638.42 while the...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-01-25 11:19:00
In this bear market, even posting great business results hasn't been enough to stop many companies with growth-dependent valuations from experiencing big...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-23 21:09:47
Stocks moved sharply higher over the course of the trading session on Monday, extending the significant rebound seen last Friday. With the continued upward...

Logo Benzinga
Business / FinanceBy Bhavik Nair2023-01-25 00:54:22
Major Wall Street indices closed mixed on Tuesday as a disparateset of corporate earnings dampened the existing euphoria over the possibility of a slowdown...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 10:40:01
Indian shares tumbled on Wednesday due to selling pressure in Adani Group shares and financials. The benchmark S&P/BSE Sensex ended the session down...

Logo Benzinga
Business / FinanceBy Lisa Levin2023-01-25 10:32:22
The S&P 500 ended slightly lower on Tuesday following the release of mixed quarterly earnings. A technical issue caused the New York Stock Exchange to...

Logo Nasdaq
Business / FinanceBy Rtt News2023-01-24 18:20:22
(RTTNews) - Following the pullback seen early in the session, stocks have regained some ground over the course of the trading day on Tuesday. The major...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-01-25 17:05:54
What happened Shares of Canadian pot giant Aurora Cannabis (NASDAQ: ACB) are under pressure Wednesday morning. Specifically, the pot company's stock was down...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-24 15:32:27
Stocks are seeing modest weakness in morning trading on Tuesday, giving back ground after moving sharply higher over the two previous sessions. Selling...

Logo Benzinga
Business / FinanceBy Lisa Levin2023-01-20 19:32:49
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining over 200 points on Friday. The Dow traded up 0.61% to 33,245.17 while...