👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Midday movers: Krispy Kreme, Tesla, and Reddit rise

Published 2024-03-26, 08:12 a/m
© Reuters.
BA
-
F
-
MCD
-
NVDA
-
MKC
-
MU
-
UPS
-
TSLA
-
SMCI
-
VKTX
-
SPOT
-
DNUT
-
(Updated - March 26, 2024 11:14 AM EDT)

Investing.com -- Main U.S. indexes edged higher Tuesday, with investors retaining a confident tone ahead of the release of key inflation data later in the week.

Here are some of the biggest U.S. stock movers today:

Nvidia (NASDAQ:NVDA) fell 0.6%, trading close to crossing a record high hit earlier in March, Micron Technology (NASDAQ:MU) rose over 2.5%, on track to set a new record high, while Super Micro Computer (NASDAQ:SMCI) rose 2% amid confidence over the AI-inspired rally.

United Parcel Service (NYSE:UPS) fell 3% after the delivery giant forecast lackluster 2026 consolidated revenue, as it works to aggressively cut costs and capture market share.

Tesla (NASDAQ:TSLA) stock rose 6%, with the electric carmaker set to offer U.S. customers a month's free trial of its driver-assist technology, Full Self-Driving, according to CEO Elon Musk.

Ford (NYSE:F) stock fell 0.25% after the auto giant reaffirmed its annual core profit outlook of between $10 billion and $12 billion despite difficult underlying economic conditions.

Boeing (NYSE:BA) stock fell 0.8%, paring Monday’s gains, after the aircraft manufacturer announced a series of management changes, including the departure of CEO Dave Calhoun.

Krispy Kreme (NASDAQ:DNUT) stock soared 27% after the donut chain announced that its product will be sold in McDonald’s (NYSE:MCD) restaurants nationwide by the end of 2026.

McCormick (NYSE:MKC) stock rose 1% after the seasonings maker beat market expectations for first-quarter sales and profit, as consumer demand for its high-priced spices held amid sticky inflation.

Viking Therapeutics (NASDAQ:VKTX) stock rose 25% after the pharmaceutical company announced positive Phase 1 results from its obesity drug.

Reddit (RDDT) stock rose 12%, continuing the recent gains after the social media platform’s strong market debut, with the launch of options helping.

Trump Media & Technology Group (DJT) rose 40% after it began trading on the Nasdaq following its merger with blank-check firm Digital World Acquisition.

Spotify (NYSE:SPOT) rose 2% after it was added to a best ideas list by analysts at BofA.


Additional reporting by Louis Juricic

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.