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Nvidia, Alibaba lead morning market cap stock movers on Tuesday

EditorFrank DeMatteo
Published 2024-10-08, 10:56 a/m
© Reuters.

Tuesday's trading session has brought significant movements in several mega-cap and large-cap stocks. Notable shifts have been observed in companies such as Nvidia Corp (NASDAQ:NVDA) and Alibaba-exch (BABA), with the former experiencing a surge and the latter facing a decline. These intra-day stock movements reflect the dynamic nature of the market today. Here's a look at some of the key stock movers across different market cap ranges.

Mega-Cap Movers (Market Cap $200B+):

  • Nvidia Corp (NVDA): +3.09%; positive comments on Blackwell at Morgan Stanley (NYSE:MS).
  • Eli Lilly And Co (NYSE:LLY): +2.23%; continues to build on its strong yearly performance.
  • Netflix, inc. (NASDAQ:NFLX): +2.21%; positive comments at JP Morgan (NYSE:JPM).
  • Exxon Mobil (NYSE:XOM): -2.24%; falls as oil drops.
  • Alibaba-exch (BABA): -6.69%; the biggest drop among mega-caps, as China stock retrace some gains.

Large-Cap Stock Movers (Market Cap $10B-$200B):

  • DocuSign Inc (NASDAQ:DOCU): +8.33%; gains after added to S&P MidCap 400.
  • Futu Holdings (NASDAQ:FUTU): -16.72%; the largest decline in the large-cap segment.
  • Bilibili Inc (NASDAQ:BILI): -14.29%; investors are showing concerns, leading to a sharp sell-off.
  • Li Auto Inc (NASDAQ:LI): -9.72%; the automotive sector faces challenges, impacting stock value.
  • Xpeng Inc (NYSE:XPEV): -8.49%; continues to navigate through market volatility.
  • Ke Holdings Inc (BEKE): -7.14%; experiencing a noticeable dip in today's market.
  • NIO Inc (NIO): -7.59%; the electric vehicle maker's stock takes a hit.
  • Marathon Petroleum Corp. (NYSE:MPC): -8.35%; energy sector volatility affects stock prices.
  • Ctrip.com International (TCOM): -7.75%; downgraded at HSBC.
  • Baidu (NASDAQ:BIDU): -7.01%; Baidu Announces Management Rotation; investors sell China stocks.

Mid-Cap Stock Movers (Market Cap $2B-$10B):

  • Lufax Holding Ltd (NYSE:LU): -14.88%; leading mid-cap declines amid market headwinds.
  • iShares MSCI China (MCHI): -10.81%; ETF experiences a significant drop.
  • Weibo Corp (NASDAQ:WB): -10.94%; social media company's stock faces downward pressure.
  • Melco Crown Entertainment (MLCO): -7.96%; casino and gaming stocks encounter challenges.
  • Boise Inc (BZ): -9.06%; the paper and packaging company sees a notable decline.
  • iShares Ftse/xinhua China 25 (FXI): -8.99%; another ETF facing a tough trading day.
  • Scholar Rock Holding Corp (NASDAQ:SRRK): -8.66%; Scholar Rock announces $275 million public offering; market reacts to fundraising news.
  • IQIYI Inc (IQ): -8.22%; the streaming service's stock is under pressure.
  • Ptc Therape (PTCT): +6.42%; PTC (NASDAQ:PTC) Therapeutics (NASDAQ:PTCT) reports progress in Friedreich ataxia treatment; positive news boosts shares.

Small-Cap Stock Movers (Market Cap $300M-$2B):

  • Zjk Industrial Ltd (ZJK): -30.14%; the largest drop among small-caps, with investors showing significant retreat.
  • Pain Therapeutics (SAVA): +18.49%; leading the small-cap gains, stock surges forward.
  • JinkoSolar Holding Comp Ltd (NYSE:JKS): -20.19%; solar sector volatility impacts the company's stock.
  • UP Fintech Holding (TIGR): -17.1%; financial technology firm's stock takes a sharp downturn.
  • Kingsoft Cloud Holdings Ltd (KC): -15.14%; cloud computing company's stock faces a sell-off.
  • Ehang Holdings Ltd (NASDAQ:EH): -17.47%; the drone company's shares descend amidst market trends.
  • DAQQ New Energy Corp (DQ): -15.69%; renewable energy sector uncertainty affects the stock.
  • iShares MSCI China A (CNYA): -9.51%; ETF reflects broader market sentiment.
  • LexinFintech (LX): -11.92%; fintech company's stock declines in today's session.
  • GSX Techedu A (NYSE:GOTU): -13.39%; education technology firm's shares experience a drop.

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This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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