Stocks making the biggest moves midday: Tesla, Coinbase, Wynn Resorts, Palantir and more
Here’s a closer look at the companies making waves during the day’s trading:
— The parent company of Truth Social, largely owned by ex-President Donald Trump, saw a 12% rise in stock on Election Day, highlighting the market’s confidence in Trump’s potential return to the presidency.
— The sector’s leader and AI’s golden child, Nvidia’s shares rose about 3% ahead of its addition to the Dow Jones Industrial Average due Friday.
— The food processing company’s shares declined 8% after the announcement of disappointing fiscal third-quarter and annual earnings projections. ADM has also delayed its Wednesday webcast and revised its 2023 10-K.
— This telehealth firm’s shares soared by 7% following Q3 results that beat analysts’ earnings and revenue expectations, and a promising outlook for full-year and current-quarter revenues.
Restaurant Brands International
— Burger King’s parent company saw its shares decline more than 2% after it reported underwhelming adjusted earnings per share and missed revenue targets.
— The steel company’s shares fell over 8% after its Q3 revenue failed to meet expectations.
— The resort and casino giant’s shares plummeted 8.2% as a result of Q3 earnings falling short of analysts’ predictions.
— This chip stock dropped over 3% after the company’s Q4 outlook failed to match analysts’ expectations, despite its Q3 results meeting their expectations.
— The data analytics software creator’s stocks soared over 22% following robust Q3 earnings and an increase in full-year revenue guidance.
— The semiconductor supplier’s shares dropped 5% following underwhelming revenue projections for the current quarter.
— The chemical company’s shares surged over 6% after Q3 earnings exceeded Wall Street predictions.
Crypto stocks — Forex attached to bitcoin saw increases, with Coinbase
earning above 4%, MicroStrategy improving by 5%, and Riot Platforms advancing almost 7%.
— The semiconductor solutions designer’s shares skyrocketed over 29% after beating Wall Street’s quarterly earnings expectations.
— The energy company’s shares fell by 2% after Q3 adjusted earnings per share missed estimates.
— Shares at the electric vehicle manufacturer increased over 4% during Tuesday’s trading, regardless of the outcome of the presidential election.
