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Why Bank of Marin Bancorp Shares Are Trading Lower? Here Are Other Stocks Moving In Monday's Mid-Day Session
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Shares of Bank of Marin Bancorp (NASDAQ:BMRC) fell sharply during Monday's session after the company reported worse-than-expected quarterly earnings.

Bank of Marin reported quarterly earnings of 6 cents per share which missed the analyst consensus estimate of 18 cents per share. The company reported quarterly sales of $22.47 million which missed the analyst consensus estimate of $23.39 million, according to data from Benzinga Pro.

Bank of Marin Bancorp shares dipped 10.8% to $19.92 on Monday.

Here are some other stocks moving in today’s mid-day session.

Gainers

  • 2U, Inc. (NASDAQ:TWOU) shares climbed 128% to $2.8535.
  • Lipella Pharmaceuticals Inc. (NASDAQ:LIPO) shares climbed 117.8% to $0.9039 after the company announced it commenced its Phase 2a trial for LP-310 in Oral Lichen Planus.
  • Planet Image International Limited (NASDAQ:YIBO) gained 61.6% to $4.75 after jumping around 56% on Friday.
  • NLS Pharmaceutics AG (NASDAQ:NLSP) jumped 38% to $0.2644 after the company announced a merger in which Kadimastem will become a wholly owned subsidiary of NLS.
  • Tivic Health Systems, Inc. (NASDAQ:TIVC) shares gained 37.8% to $0.6232 after gaining 11% on Friday.
  • NIP Group Inc. (NASDAQ:NIPG) gained 34.4% to $12.25.
  • Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) jumped 26.8% to $14.76.
  • Renalytix Plc (NASDAQ:RNLX) jumped 24.2% to $0.4366.
  • Meta Data Limited (NYSE:AIU) rose 23.5% to $2.9860.
  • Venus Concept Inc. (NASDAQ:VERO) jumped 22.5% to $0.7936 after the company received a medical device license from Health Canada to market its Venus Bliss MAX system.
  • Nuwellis, Inc. (NASDAQ:NUWE) gained 21.3% to $2.8862. Roth MKM analyst Jonathan Aschoff initiated coverage on Nuwellis with a Buy rating and announced a price target of $17.
  • Longeveron Inc. (NASDAQ:LGVN) shares gained 19.8% to $4.1246 after the company disclosed study results from CLEAR MIND Phase 2a clinical trial of Lomecel-B in mild Alzheimer’s disease.
  • BurgerFi International, Inc. (NASDAQ:BFI) gained 19.3% to $0.5021. BurgerFi shares jumped 97% on Friday after the company announced it reached a legal settlement agreement with Lion Point Capital. The company agreed to pay $1,350,000 and issue Lion Point 300,000 of preferred stock.
  • Oil States International, Inc. (NYSE:OIS) climbed 18.8% to $5.63 after the company reported better-than-expected second-quarter financial results.
  • PolyPid Ltd. (NASDAQ:PYPD) rose 18.4% to $4.19.
  • Cepton, Inc. (NASDAQ:CPTN) jumped 18.4% to $2.9950 after the company announced it will be acquired by Koito for $3.17 per share in cash.
  • CommScope Holding Company, Inc. (NASDAQ:COMM) rose 17.2% to $2.25 after reporting preliminary second quarter results.
  • Serve Robotics Inc. (NASDAQ:SERV) gained 16.1% to $15.35.
  • ON Semiconductor Corporation (NASDAQ:ON) jumped 13.7% to $79.76 after the company reported better-than-expected second quarter financial results.
  • Koninklijke Philips N.V. (NYSE:PHG) rose 13.1% to $29.14 after the company reported better-than-expected second quarter earnings.
  • Primega Group Holdings Limited (NASDAQ:PGHL) gained 9.5% to $5.09.
  • ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) rose 8.5% to $18.48. ZIM Integrated Shipping Services will release its second quarter financial results on Monday, Aug. 19.
  • Anavex Life Sciences Corp. (NASDAQ:AVXL) gained 6.4% to $7.18. Anavex Life Sciences presented comprehensive results from the Phase IIb/III study showing that blarcamesine, once daily orally, significantly slowed clinical decline in people with early Alzheimer’s disease.
  • Tesla, Inc. (NASDAQ:TSLA) gained 5.6% to $232.15. Morgan Stanley analyst Adam Jonas reiterated Tesla with an Overweight and maintained a $310 price target.

Losers

  • Cognition Therapeutics, Inc. (NASDAQ:CGTX) fell 34% to $1.5650 after the company reported Phase 2 results for Alzheimer’s drug.
  • vTv Therapeutics Inc. (NASDAQ:VTVT) shares dipped 31.4% to $14.55 after the company announced the FDA has placed a clinical hold on the cadisegliatin clinical program.
  • CERo Therapeutics Holdings, Inc. (NASDAQ:CERO) shares fell 28.6% to $0.1830 after gaining 6% on Friday.
  • Centuri Holdings, Inc. (NYSE:CTRI) fell 26.4% to $14.90 following downbeat quarterly results.
  • Ventyx Biosciences, Inc. (NASDAQ:VTYX) dipped 24.4% to $2.23. The company released results from the Phase 2 trial of allosteric TYK2 inhibitor VTX958 in participants with moderately to severely active Crohn's disease, a type of inflammatory bowel disease that irritates and causes swelling in digestive tract.
  • LuxUrban Hotels Inc. (NASDAQ:LUXH) shares fell 19.6% to $0.1536 after the company priced its $1.74 million public offering of 11,573,333 common shares at 15 cents per share.
  • NuScale Power Corporation (NYSE:SMR) declined 18.5% to $8.84.
  • Ocean Power Technologies, Inc. (NYSE:OPTT) fell 17.5% to $0.2544.
  • Treasure Global Inc. (NASDAQ:TGL) shares fell 17% to $1.5243.
  • Integra Resources Corp. (NYSE:ITRG) fell 16.6% to $0.8999. Integra Resources and Florida Canyon Gold entered into a definitive arrangement agreement, whereby Integra has agreed to acquire all of the issued and outstanding shares of FCGI pursuant to a court-approved plan of arrangement.
  • Phio Pharmaceuticals Corp. (NASDAQ:PHIO) fell 16.6% to $3.3616. Phio Pharmaceuticals recently announced exercise of warrants for $3.1 million gross proceeds.
  • Integra LifeSciences Holdings Corporation (NASDAQ:IART) dipped 13.9% to $27.05 after the company lowered its FY24 guidance below estimates.
  • NANO Nuclear Energy Inc. (NASDAQ:NNE) fell 12.8% to $14.01.
  • Coursera, Inc. (NYSE:COUR) fell 10.5% to $9.60.
  • Sunnova Energy International Inc. (NYSE:NOVA) declined 10% to $7.24. Truist Securities analyst Jordan Levy maintained Sunnova Energy Intl with a Buy and raised the price target from $9 to $10.
  • Mesoblast Limited (NASDAQ:MESO) fell 7.4% to $6.85. Mesoblast, last week, announced that the FDA accepted its Biologics License Application resubmission for Ryoncil in the treatment of children with steroid-refractory acute graft versus host disease.
  • Arm Holdings plc (NASDAQ:ARM) fell 6.3% to $139.61 after HSBC downgraded the stock from Hold to Reduce.
  • Tandem Diabetes Care, Inc. (NASDAQ:TNDM) fell 6.3% to $37.53.

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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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