Futures edge up; Trump takes tariff case to Supreme Court - what’s moving markets
Thursday’s trading session is witnessing notable fluctuations among stocks, particularly within the mega-cap and large-cap categories. Market participants are reacting to a mix of corporate news and broader market trends, causing significant intra-day stock movements. Among the highlights are Avago Technologies (NASDAQ:AVGO) and Alibaba-exch (BABA), experiencing contrasting fortunes, while GameStop Corp (NYSE:GME) and Synnex Corp (SNX) lead the large-cap movers with substantial shifts.
Mega-Cap Movers (Market Cap $200B+):
- Alibaba-exch (BABA): +2.88%; positive momentum continues as the stock climbs.
- Abbott Laboratories (NYSE:ABT): +2.87%; Abbott’s Volt PFA system gains CE Mark for AFib treatment.
- Avago Technologies (AVGO): -4.21%; Broadcom collaborates with Audi for IT-based factory automation.
Large-Cap Stock Movers (Market Cap $10B-$200B):
- GameStop Corp (GME): -24.84%; GameStop (GME) Said To Offer 35% To 40% Conversion Premium On Convert - Bloomberg.
- Synnex Corp (SNX): -15.28%; TD SYNNEX shares plunge on Q1 earnings miss, weak guidance.
- Dollar Tree Inc (NASDAQ:DLTR): +10.17%; no specific news indicated.
- Rivian Automotive (NASDAQ:RIVN): +7.23%; no specific news indicated.
- Gen Motors (NYSE:GM): -7.39%; no specific news indicated.
- Reddit (RDDT): -6.72%; no specific news indicated.
- Social Capital Hedosophia V (NASDAQ:SOFI): -6.59%; no specific news indicated.
- Leucadia Natl (NYSE:JEF): -8.97%; Jefferies Announces First Quarter 2025 Financial Results.
- Astera Labs (ALAB): -5.35%; no specific news indicated.
- GS Acquisition A (NYSE:VRT): -5.66%; no specific news indicated.
Mid-Cap Stock Movers (Market Cap $2B-$10B):
- Concentrix (CNXC): +36.69%; Concentrix shares surge on upbeat guidance, bottom-line beat in Q1.
- Capnia Inc (NASDAQ:SLNO): +38.9%; FDA approves new Prader-Willi syndrome treatment.
- Avis Budget (NASDAQ:CAR): +18.54%; no specific news indicated.
- NantKwest (NASDAQ:IBRX): +16.45%; no specific news indicated.
- New Fortress Energy LLC (NASDAQ:NFE): -15.18%; no specific news indicated.
- Kyndryl Holdings (NYSE:KD): -9.54%; Kyndryl refutes short seller’s claims as misleading.
- AltC Acquisition (OKLO): -9.48%; no specific news indicated.
- Alvotech (ALVO): -8.23%; Alvotech Reports Record Results for 2024 and Provides Business Update.
- Pony Ai Inc (PONY): -8.48%; no specific news indicated.
- Lear (NYSE:LEA): -8.0%; no specific news indicated.
Small-Cap Stock Movers (Market Cap $300M-$2B):
- Lixiang Education Holding (LXEH): -28.89%; no specific news indicated.
- Pet Acquisition LLC (WOOF): +26.99%; Petco stock soars as Q4 revenue beats estimates.
- Jiayin Group Inc (NASDAQ:JFIN): +22.56%; Jiayin Group Inc. Reports Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results.
- Hertz Global Holdings NAQ (NASDAQ:HTZ): +21.88%; no specific news indicated.
- Zhengye Biotechnology Holding (ZYBT): -20.83%; no specific news indicated.
- 3D Systems Corporation (NYSE:DDD): -19.67%; 3D Systems misses Q4 estimates, cuts 2025 outlook; shares drop.
- Verint Systems (NASDAQ:VRNT): -14.5%; Verint Systems shares slip as Q4 results fall short of expectations.
- CF Acquisition V (SATL): +13.07%; no specific news indicated.
- Tilray Inc (NASDAQ:TLRY): +9.72%; no specific news indicated.
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