Midday Stock Movers: Wynn Resorts, Red Cat, SanDisk, Palantir & More
Midday stock movements show significant changes across various sectors, highlighting notable gains and losses among key companies.
Key Stock Movers: Wynn Resorts, Red Cat, SanDisk, and Others
Major Gain Leaders
- USA Rare Earth: Shares surged 18% following CEO Barbara Humpton’s positive remarks about communication with the White House.
- Red Cat Holdings: The drone manufacturer saw a notable increase of 14% after Needham initiated a “buy” rating.
- Peabody Energy: The coal company rose by 9% after announcing arbitration with Anglo American regarding a canceled asset purchase.
- SanDisk: This solid-state drive maker experienced a 10% leap, bringing its six-month stock increase to an impressive 170%.
- Freeport-McMoRan: Gained more than 3.2% following a UBS upgrade to “buy,” citing an overly pessimistic market reaction to its recent challenges.
- Entergy: The utility company improved by 3% after announcing a partnership to support Google’s new $4 billion project in Arkansas.
Notable Losses
- Palantir Technologies: Shares fell by 4% after a report revealed flaws in U.S. Army communication systems that included Palantir’s technology.
- Las Vegas Sands & Wynn Resorts: Both casino operators saw declines of over 5%, impacted by impending storm warnings in Macao.
- Applied Materials: Shares dipped 2.1% after the company indicated that new U.S. export restrictions would negatively affect future revenue projections.
- Uranium Energy: The uranium mining company dropped 2.3% due to plans for a secondary share offering of 15.5 million shares.
- GameStop: This well-known meme stock decreased by 2% as the company announced asset sales spanning common stock and debt.
Partial Recovery for Credit Bureaus
- TransUnion: Stock rose 4.8% after suffering a decline of 10.6% earlier.
- Equifax: Gained 1.4%, recovering slightly from an 8.5% drop during the previous session.
Conclusion
As of midday, the stock market reflects a mix of sharp gains and losses. Notably, companies like Red Cat and USA Rare Earth are experiencing significant growth. Meanwhile, prominent names such as Wynn Resorts and Palantir face challenges, highlighting the dynamic nature of today’s market.
