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Sensata Technologies

Sensata Technologies is a global supplier of sensors for transportation and industrial applications. Sensata sells a bevy of pressure, temperature, force, and position sensors into the automotive, heavy vehicle, industrial, heating, ventilation, and cooling, and aerospace markets. The majority of the firm's revenue comes from the automotive market, where it focuses on bumper-in applications.

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Wolfe Research analyst Emmanuel Rosner assumes Sensata Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) with a Peer Perform rating.

News

Initiation

Analyst Ratings

Wolfe Research Assumes Sensata Technologies at Peer Perform

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GTES

HAYW

Shares of companies in the broader industrial sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

Trading Ideas

Elliott Investment Management Q2 2024 13F New Positions Include 6M Southwest Airlines Shares, 3.25M Sensata Technologies Shares, 150K Arm Holdings Shares

Oppenheimer analyst Christopher Glynn maintains Sensata Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) with a Outperform and lowers the price target from $50 to $47.

Price Target

Oppenheimer Maintains Outperform on Sensata Technologies, Lowers Price Target to $47

Truist Securities analyst William Stein maintains Sensata Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) with a Hold and lowers the price target from $46 to $38.

Truist Securities Maintains Hold on Sensata Technologies, Lowers Price Target to $38

B of A Securities analyst Wamsi Mohan maintains Sensata Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) with a Neutral and lowers the price target from $44 to $41.

B of A Securities Maintains Neutral on Sensata Technologies, Lowers Price Target to $41

Earnings

Guidance

Sensata Technologies Sees Q3 EPS $0.82-$0.88 Vs $0.94 Est.; Revenue $970M-$1B Vs $1.03B Est.

Sensata Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) reported quarterly earnings of $0.93 per share which met the analyst consensus estimate. The company reported quarterly sales of $1.04 billion which met the analyst consensus estimate. This is a 2.07 percent decrease over sales of $1.06 billion the same period last year.

Sensata Technologies Q2 2024 GAAP EPS $0.93, Inline, Sales $1.04B Inline

The Zacks Instruments &ndash; Control industry is likely to have benefited from the diligent focus on energy-efficient production processes and integrated software systems in the second quarter of 2024.
Industry participants, including Transcat (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trns#NASDAQ">TRNS</a>), Sensata Technologies Holding (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/st#NYSE">ST</a>) and Woodward (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wwd#NASDAQ">WWD</a>), have been benefiting from surging demand for state-of-the-art technology for replacing legacy industrial control systems with automated products.
The process instrumentation and automation industry is experiencing significant growth, primarily driven by the adoption of digital technologies like the Industrial Internet of Things in manufacturing. This trend is fueling demand for process automation, instrumentation products, safety systems and advanced sensors, which offer benefits such as improved product quality and reduced emissions. The industry&#39;s expansion is further supported by increasing regulatory requirements and the adoption of technology across various sectors.
Field instruments play a crucial role in process control by measuring key elements in industries such as chemicals, mining, and pharmaceuticals. These instruments, including transmitters for pressure, flow, temperature, level and humidity measurements, are essential for optimizing productivity. Companies with differentiated product offerings are better positioned to strengthen their market presence.
However, the industry faces challenges such as material cost inflation, rising transportation costs, and supply chain disruptions exacerbated by global events like the Russia-Ukraine conflict. These factors have impacted production schedules and profit margins as firms struggle to pass on increased costs to customers due to intense competition. The industry also contends with threats from low-cost suppliers, particularly from China, and exposure to foreign exchange fluctuations.
Despite these challenges, the industry is poised for growth, driven by increased automation adoption across sectors and investments in new technologies. North America is expected to maintain its dominant position in automation adoption, while growth in other regions is supported by infrastructural investments, evolving regulatory environments and increasing demand in various industries. The power generation, transportation, and marine sectors are also contributing to the industry&#39;s positive outlook for the second quarter of 2024.
The Instruments-Control space is housed within the broader Technology sector (one of the 16 broad Zacks sectors within the Zacks Industry classification). Per the latest Earnings Preview, the total earnings of technology companies for second-quarter 2024 are expected to be up 15.5% from the same period last year on 9.3% higher revenues.
<h3>Insight Into Key Releases</h3>
Ahead of their upcoming second-quarter 2024 earnings releases, let&#39;s take a look at the three abovementioned Instruments-Control stocks.
The Zacks model suggests that a company needs to have the right combination of two key ingredients &mdash; a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) &mdash; to increase the odds of an earnings beat.
Transcat: Increasing focus on regulatory compliance and quality assurance in healthcare, pharmaceuticals, and aerospace sectors is likely to have driven demand for Transcat&#39;s calibration services and equipment in the to-be-reported quarter. Increases in productivity, driven primarily by automation and process improvement, are expected to have boosted Service segment revenues in the quarter under review.
The company&#39;s strategic acquisitions may have expanded the company&#39;s market reach and service capabilities in the to-be-reported quarter. The acquisition of Becnel further diversifies the company&#39;s portfolio of services in regulated spaces and increases Transcat&#39;s durability. Becnel operates in a regulated environmental space with synergistic growth opportunities with large instrumentation users. Transcat continues to see growth in the higher-margin Rental business, which is benefiting from the Axiom Test Equipment acquisition. Transcat&#39;s investments in its own digital capabilities and data management solutions may be paying off in terms of operational efficiency and customer retention.
The Zacks Consensus Estimate for TRNS&#39; first-quarter fiscal 2025 earnings per share is pegged at 29 cents per share, unchanged over the past 30 days. The Zacks Consensus Estimate for total revenues is pegged at $69.06 million, suggesting 13.96% growth from the year-ago quarter.
The combination of an Earnings ESP of 0.00% and a Zacks Rank #2 makes a surprise prediction difficult. The company&#39;s earnings beat estimates in the trailing four quarters, the average surprise being 27.05%.
<div class="chart_embed">
<h3>Transcat, Inc. Price and EPS Surprise</h3>
<img alt="Transcat, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/f3/1721909336.png" style="height:300px; width:620px" title="" />
Transcat, Inc. price-eps-surprise | Transcat, Inc. Quote
Sensata Technologies: Sensata is well-positioned to gain from solid organic growth and the smooth execution of investment initiatives. Frequent product launches are aiding top-line expansion. Steady momentum in Aerospace and content growth across Automotive and Heavy vehicle off-road businesses create tailwinds. Strength in the electrification business, powered by its rich portfolio of high-voltage protection and battery management systems, propels the growth trajectory. Management noted that in the past three years, Sensata has won more than $2.3 billion in new business, with $1.3 billion gained from the electrification business.
However, the soft Sensing Solutions business, owing to a slowdown in Industrial markets, is expected to have impeded Sensata&#39;s performance in the quarter under review. For the second quarter of 2024, management expects revenues between $1.02 billion and $1.05 billion, indicating a decline of 1-3% due to foreign exchange headwinds.
The Zacks Consensus Estimate for ST&#39;s second-quarter 2024 earnings has remained unchanged at 93 cents per share in the past 30 days. For the June quarter, the Zacks Consensus Estimate for total revenues is currently pegged at $1.04 billion, suggesting a decline of 2.14% from the year-ago quarter&#39;s levels.
</div>
Sensata Technologies has an Earnings ESP of +0.15% and a Zacks Rank #3. The company&#39;s earnings outpaced estimates in three of the trailing four quarters and missed the mark once, the average surprise being 0.23%.
<div class="chart_embed">
<h3>Sensata Technologies Holding N.V. Price and EPS Surprise</h3>
<img alt="Sensata Technologies Holding N.V. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/c6/1721909221.png" style="height:304px; width:620px" title="" />
Sensata Technologies Holding N.V. price-eps-surprise | Sensata Technologies Holding N.V. Quote
Woodward: The company&#39;s performance is being driven by robust end-market demand, price realization, productivity and efficiency improvements. The Aerospace segment benefits from higher commercial OEM and commercial aftermarket sales attributed to improving passenger traffic and aircraft utilization. Defense OEM sales also improved on the back of higher ground vehicles. Defense aftermarket sales benefited from supply-chain stabilization and higher output.
Woodward&#39;s Industrial business segment is gaining from solid demand for power generation, especially in Asia and continued requirement for backup power for data centers. Higher demand for alternative fuels across the marine industry, momentum in the global marine market brought on by higher utilization, and rising shipbuilding rates are other tailwinds.
The Zacks Consensus Estimate for WWD&#39;s third-quarter fiscal 2024 earnings per share is pegged at $1.45 per share, up by a penny over the past 30 days. The Zacks Consensus Estimate for total revenues is pegged at $850.98 million, suggesting 6.28% growth from the year-ago quarter.
Woodward has an Earnings ESP of +1.73% and a Zacks Rank #3. The company&#39;s earnings beat estimates in the trailing four quarters, the average surprise being 26.09%.
</div>
<div class="chart_embed">
<h3>Woodward, Inc. Price and EPS Surprise</h3>
<img alt="Woodward, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/48/1721909279.png" style="height:300px; width:620px" title="" />
Woodward, Inc. price-eps-surprise | Woodward, Inc. Quote
<a href="https://www.zacks.com/stock/news/2308789/can-these-3-instruments-control-stocks-beat-earnings-targets?cid=CS-BENZ-FT-analyst_blog|earnings_preview_esp-2308789">To read this article on Zacks.com click here.</a>
</div>

Small Cap

Markets

Tech

TRNS

Can These 3 Instruments Control Stocks Beat Earnings Targets?

Vertical Research analyst Kevin McCarthy initiates coverage on Sensata Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) with a Buy rating and announces Price Target of $55.

Vertical Research Initiates Coverage On Sensata Technologies with Buy Rating, Announces Price Target of $55

The Notes were priced at par. The closing of the offering is expected to occur on June 6, 2024, subject to customary closing conditions.

Offerings

Sensata Technologies Reports Pricing Of $500M Of Senior Notes

Sensata Technologies Announced That Its Indirect Wholly Owned Subsidiary Intends To Offer, Subject To Market And Other Customary Conditions, $500M In Aggregate Principal Amount Of Senior Notes In A Private Offering

Elliott Investment Management, an activist investor, has reportedly amassed a significant stake in&nbsp;Johnson Controls International Plc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), valued at over $1 billion, making it one of the company&#8217;s top ten investors.
The development comes&nbsp;as&nbsp;Johnson Controls&#8217; performance&nbsp;has been&nbsp;trailing behind its industry peers.
In the past year, Johnson Controls&#8217; shares have climbed over 9%, giving it a market valuation of approximately $46.5 billion, while&nbsp;competitors such as&nbsp;Carrier Global Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) and&nbsp;Lennox International Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) saw their stocks increase by over 50%, and 70% respectively.
Johnson Controls is a major player in the HVAC control market, which has grown due to the need&nbsp;for cooling&nbsp;data centers and manufacturing facilities for semiconductors and electric vehicles, reported&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-20/elliott-said-to-build-1-billion-plus-stake-in-johnson-controls?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.&nbsp;
The company, headquartered in Ireland with main offices in Milwaukee, is under the leadership of CEO George Oliver, who previously led&nbsp;Tyco International&nbsp;before its merger with Johnson Controls in 2016.&nbsp;
The firm has experienced several executive changes since 2020, including the recent appointment of Marc Vandiepenbeeck as CFO.
Although Elliott&#8217;s specific plans for Johnson Controls remain undisclosed, the hedge fund has a history of driving executive changes in its portfolio companies, the report further noted.
Recently,&nbsp;Sensata Technologies Holdings Plc&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) CEO left after a&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38502072" rel="noreferrer noopener">cooperation agreement with Elliott</a>, and&nbsp;Crown Castle Inc.&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) CEO retired amid a proxy battle,&nbsp;<a target="_blank" href="https://www.benzinga.com//node/36143263" rel="noreferrer noopener">leading to a settlement with Elliott.&nbsp;</a>Similarly,&nbsp;NRG Energy Inc.&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) top executive departed following an agreement with the activist investor.
Johnson Controls manufactures&nbsp;a wide range of&nbsp;products, including fire detection, refrigeration, security, and HVAC equipment for commercial buildings.&nbsp;
Additionally, Johnson Controls is reportedly considering selling its ADT alarms unit.
Earlier this month, Johnson Controls reaffirmed its full-year forecast for adjusted earnings per share between $3.60 and $3.75,&nbsp;after revising the projection&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38557646/johnson-controls-dips-over-6-after-q2-earnings-heres-why" rel="noreferrer noopener">downward in January from $3.65 to $3.80.</a>
Price Action: JCI shares are trading higher by 4.62% at $72.21 in premarket at&nbsp;the last check Monday.&nbsp;
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

Equities

Media

General

Activist Investor Elliott Acquires Major Stake In Johnson Controls: Report

Although U.S. stocks closed higher on Monday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Herbalife</h3>
<ul>
<li>The Trade: Herbalife Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLF#NYSE">HLF</a>) Director Donal L Mulligan <a href="https://www.benzinga.com/quote/HTLD/analyst-ratings">acquired a total of 45,657 shares</a> at an average price of $9.65. To acquire these shares, it cost around $289,500.</li>
<li>What's Happening: On May 1, Herbalife Nutrition reported better-than-expected first-quarter adjusted EPS.</li>
<li>What Herbalife Does: Herbalife Ltd is an international nutrition company that provides health and wellness products to consumers in 95 markets, which consist of countries and territories, through their direct-selling business model.</li>
</ul>
<h3 class="wp-block-heading">Macerich</h3>
<ul>
<li>The Trade: The Macerich Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAC#NYSE">MAC</a>) President and CEO Jackson Hsieh acquired a total of 140,000 shares at an average price of $14.26. To acquire these shares, it cost around $2 million.</li>
<li>What's Happening: On April 30, Macerich posted better-than-expected first-quarter sales.</li>
<li>What Macerich Does: The Macerich Company is an S&amp;P 500 company that invests in premium mall assets.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<h3 class="wp-block-heading">AMREP</h3>
<ul>
<li>The Trade: AMREP Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXR#NYSE">AXR</a>) 10% owner Rainey E. Lancaster <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,000 shares</a> at an average price of $20.95. To acquire these shares, it cost around $209,500.</li>
<li>What's Happening: On March 8, AMREP reported earnings of 2 cents per share for its 2024 fiscal third quarter, versus year-ago earnings of $3.12 per share.</li>
<li>What AMREP Does: Amrep Corp through its subsidiaries is engaged in the Real estate business.</li>
</ul>
<h3 class="wp-block-heading">Sensata Technologies</h3>
<ul>
<li>The Trade: Sensata Technologies Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) Director Ali John Mirshekari <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 268,310 shares</a> at an average price of $39.64. The insider spent around $10.64 million to buy those shares.</li>
<li>What's Happening: On April 29, Sensata Technologies reported better-than-expected first-quarter financial results.</li>
<li>What Sensata Technologies Does: Sensata Technologies is a global supplier of sensors for transportation and industrial applications.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/05/38661451/disney-electronic-arts-and-3-stocks-to-watch-heading-into-tuesday">Disney, Electronic Arts And 3 Stocks To Watch Heading Into Tuesday</a>

Long Ideas

Insider Trades

Pre-Market Outlook

Over $10M Bet On Sensata Technologies? Check Out These 4 Stocks Insiders Are Buying

Evercore ISI Group analyst Amit Daryanani upgrades Sensata Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) from In-Line to Outperform and raises the price target from $44 to $60.

Upgrades

Evercore ISI Group Upgrades Sensata Technologies to Outperform, Raises Price Target to $60

Sensata Technologies Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) reported stronger-than-expected results for its <a href="https://www.benzinga.com/quote/ST/earnings">first quarter on Monday.</a>
Sensata posted adjusted earnings of 89 cents per share, beating market estimates of 85 cents per share. The company's quarterly sales came in at $1.007 billion, topping expectations of $986.521 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
&#8220;We are pleased to report a solid start to 2024, with first quarter revenue and adjusted operating margins towards the high end of our guidance range,&#8221; said Jeff Cote, CEO and President of Sensata. &#8220;We are the trusted electrification partner of choice as evidenced by more than $1.3 billion in electrification wins during the past three years and our safe and efficient capabilities remain a durable, proven, and profitable business driving value for our shareholders.&#8221;
The company said Jeff Cote will retire as CEO and President. The company's board named Martha Sullivan as Interim President and CEO.
Sensata said it sees second-quarter adjusted earnings of 89 cents to 95 cents per share on revenue of $1.025 billion to $1.055 billion.
Sensata Technologies shares rose 8.5% to trade at $38.80 on Tuesday.
These analysts made changes to their price targets on Sensata Technologies following earnings announcement.
<ul>
<li>Stifel raised the price target on Sensata Technologies from $36 to $43. Stifel analyst Matthew Sheerin maintained a Hold rating.</li>
<li>Evercore ISI Group increased the price target on Sensata Technologies from $36 to $44. Evercore ISI Group analyst Amit Daryanani maintained an In-Line rating.</li>
<li>Baird increased the price target on Sensata Technologies from $37 to $47. Baird analyst Luke Junk maintained a Neutral rating.</li>
<li>Truist Securities boosted the price target on Sensata Technologies $36 to $46. Truist Securities analyst William Stein maintained a Hold rating.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38522776/starbucks-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-cal">Starbucks Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

Sensata Analysts Boost Their Forecasts After Upbeat Earnings

Shares of H&amp;E Equipment Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEES#NASDAQ">HEES</a>) fell sharply during Tuesday's session following <a href="https://www.benzinga.com/quote/HES/earnings">mixed first-quarter results</a>.
H&amp;E Equipment posted GAAP earnings of 71 cents per share, versus market estimates of 77 cents per share. The company's quarterly sales came in at $371.357 million versus expectations of $352.518 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
H&amp;E Equipment Services shares dipped 18.2% to $48.45 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Akili, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKLI#NASDAQ">AKLI</a>) shares jumped 67.2% to $0.3927 after the company announced Shionogi has canceled and forgiven a $5.0 million long-term debt obligation and agreed to make certain payments for SDT-001.</li>
<li>AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) gained 57.5% to $3.70 after the company highlighted plans for its previously-announced merger with Triller.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) climbed 55.4% to $2.12 after falling over 9% on Monday.</li>
<li>Global Mofy Metaverse Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares gained 50.2% to $1.40 after the company&#8217;s Gauss AI teamed with Heartdub to develop the Gausspeed generative AI platform.</li>
<li>GeneDx Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) rose 40.8% to $15.49 after the company reported better-than-expected first-quarter financial results and raised its FY2024 sales guidance.</li>
<li>Eliem Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELYM#NASDAQ">ELYM</a>) gained 39.4% to $7.00.</li>
<li>Swvl Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) surged 29.8% to $13.14 after announcing results for the fiscal year 2023.</li>
<li>Next.e.GO N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGOX#NASDAQ">EGOX</a>) gained 26.4% to $0.0349.</li>
<li>Blend Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) shares climbed 25.8% to $2.83 after the company announced a strategic partnership with Haveli Investments, including a $150 million investment.</li>
<li>Daré Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DARE#NASDAQ">DARE</a>) rose 24.2% to $0.3460 after the XOMA acquired an economic interest in the company&#8217;s women&#8217;s health assets. Also, the company announced that the transaction allows it to focus on advancing Phase 3 first-in-category women&#8217;s health product candidates.</li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) gained 24.2% to $46.39 after the company beat first-quarter estimates and issued strong guidance.</li>
<li>MIND Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIND#NASDAQ">MIND</a>) rose 24% to $5.85 following quarterly results.</li>
<li>Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) gained 19.8% to $6.85.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) rose 19.2% to $11.19 following a first-quarter revenue beat.</li>
<li>Marin Software Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) rose 18.8% to $3.1002 after the company announced the launch of its AI-powered Anomaly Detector.</li>
<li>ATI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) gained 15.5% to $59.94 following upbeat quarterly results.</li>
<li>Clearwater Paper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) gained 15.2% to $46.88 following better-than-expected earnings.</li>
<li>LSB Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) rose 13.4% to $9.32 following strong quarterly earnings.</li>
<li>SES AI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) gained 13.3% to $1.53.</li>
<li>E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) rose 12.5% to $4.7950 following upbeat results.</li>
<li>Sensata Technologies Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) shares climbed 12.1% to $40.04 as the company reported stronger-than-expected results for its first quarter on Monday. The company said Jeff Cote will retire as CEO and President. Sensata said it sees second-quarter adjusted earnings of 89 cents to 95 cents per share on revenue of $1.025 billion to $1.055 billion.</li>
<li>Addex Therapeutics Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) jumped 10.3% to $8.31. Addex shares dipped 53% on Monday after the company announced the Phase 2 ADX71149 epilepsy study did not achieve statistical significance for the primary endpoint of time for patients to reach baseline seizure count when ADX71149 was added to standard of care.</li>
<li>AgEagle Aerial Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#NASDAQ">UAVS</a>) gained 10.4% to $0.77. AgEagle announced $3.4 million drone sale to French Army.</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) rose 9.2% to $108.28 after the company reported better-than-expected first quarter earnings and issued strong guidance.</li>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) gained 7.5% to $53.38 after the company reported strong third-quarter financial results and raised FY24 guidance.</li>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) rose 6.6% to $785.51 after the company raised its FY24 revenue guidance.</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) gained 5.5% to $97.25 following a first-quarter earnings beat.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) fell 30.6% to $1.4127 after surging 48% on Monday.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) declined 29.7% to $1.25.</li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares fell 26.1% to $5.30 after the company posted first-quarter results and named Nathan Shultz as CEO.</li>
<li>NRx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) dipped 25% to $2.6592 after the company announced findings from its Phase 2b/3 trial of NRX-101 vs. Lurasidone.</li>
<li>Bakkt Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>) fell 23.5% to $7.62. Bakkt Holdings is expected to release its first quarter 2024 earnings on Tuesday, May 14.</li>
<li>Medifast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MED#NYSE">MED</a>) shares declined 22.6% to $27.50 after the company reported mixed first-quarter financial results.</li>
<li>Vince Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) were down 21.4% to $1.6536 after the company posted fourth-quarter results.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) fell 20.1% to $1.63.</li>
<li>Top Wealth Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWG#NASDAQ">TWG</a>) dipped 18% to $1.14.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) declined 16.4% to $1,081.53 after the company reported worse-than-expected financial results for the first quarter.</li>
<li>Safe &amp; Green Holdings Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) fell 16% to $0.1185 after declining 4% on Monday.</li>
<li>ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) declined 15.8% to $108.96 after the company reported worse-than-expected first quarter adjusted EPS results.</li>
<li>CECO Environmental Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) fell 15% to $21.59 after the company reported worse-than-expected first-quarter sales results.</li>
<li>GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) declined 13.2% to $77.22 following a first-quarter earnings miss.</li>
<li>Coursera, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) shares declined 13.1% to $10.34 after the company reported mixed first-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) fell 12.5% to $0.6393. Complete Solaria shares jumped 92% on Monday after the company named T.J. Rodgers as CEO.</li>
<li>Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) fell 11% to $5.18 after the company reported worse-than-expected quarterly sales results.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) declined 9.3% to $7.39 on reports NBCUniversal is preparing an offer that could take NBA rights from TNT.</li>
<li>F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) fell 7.6% to $168.36. F5 reported upbeat earnings for its second quarter, but issued weak forecast for the third quarter.</li>
<li>Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) declined 7.5% to $58.80 following quarterly results.</li>
<li>The Macerich Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAC#NYSE">MAC</a>) fell 7.4% to $14.82 following quarterly earnings.</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) shares declined 7.3% to $37.13. Yum China posted upbeat earnings for its first quarter, while sales missed expectations.</li>
<li>Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) shares declined 7.3% to $56.10 following first-quarter results.</li>
</ul>
Now Read This: <a href="http://Domino's Pizza To Rally Over 10%? Here Are 10 Top Analyst Forecasts For Tuesday">Domino&#8217;s Pizza To Rally Over 10%? Here Are 10 Top Analyst Forecasts For Tuesday</a>

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