Stocks making the biggest moves midday: Intel, Elastic NV, MongoDB and more
August 30, 2024 at 3:24 pm - by Editor Prism MarketView
Midday Trading Headlines:
- Intel shares rose by 8.5% as the company initiates collaboration with financial experts to strategize on improving its primary business operations.
- Shares plummeted by over 27% after the AI search enterprise’s Q2 financial forecast fell short of Wall Street’s projections.
- The developer data platform enjoyed an approximate 16% spike in stock prices after surpassing Q2 earnings and revenue expectations. The company also predicts a more promising Q3.
- Shares dropped by about 9% despite promising Phase 3 trial results for the heart disease drug, Amvuttra, as the results did not meet investors’ expectations.
- Stock prices increased by over 8% after Q3 forecast surpasses expectations with anticipated 40 cents profit per share on $1.45 billion revenue.
- U.S. traded shares of the e-commerce giant experienced a nearly 3% boost after the completion of a three-year regulatory oversight process by China’s market regulator.
- Dell stocks ascended by over 5% after beating Q2 earnings and revenue estimates. Revenue is projected to meet the current quarter’s expectations.
- The beauty retailer’s shares dipped over 2% following its first quarterly earnings miss in four years, leading to a reduction in its full-year outlook.
