🚀 ProPicks AI Hits +34.9% Return!Read Now

Midday movers: Spirit Aerosystems, Tesla rise; Chewy falls

Published 2024-07-01, 07:52 a/m
© Reuters.
BA
-
NVDA
-
AZO
-
ORLY
-
GME
-
TSLA
-
SAVA
-
SPR
-
META
-
NIO
-
CHWY
-
LI
-
COIN
-
(Updated - July 1, 2024 11:47 AM EDT)

Investing.com -- U.S. stock futures were flat Monday, starting the holiday-shortened week off in subdued fashion ahead of the release of key unemployment data on Friday.

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

  • Boeing (NYSE:BA) stock rose 1.8% after the planemaker agreed to reacquire Spirit Aerosystems (SPR), up 3%, for over $4 billion, ending months of speculation over the deal as the planemaker struggled with a new safety crisis.

  • Tesla (NASDAQ:TSLA) stock rose 6% after analysts said the EV maker’s growth in China appears to be gradually improving, with a "mini rebound" in Q2 that could help the company reach Wall Street’s estimate of 435,000 units.

  • Nvidia (NASDAQ:NVDA) stock was choppy, consolidating after gains of close to 150% so far this year. Morgan Stanley (NYSE:MS) lifted its price target on the semiconductor, calling it “the most compelling narrative in the AI semis space”.

  • Chewy (NYSE:CHWY) stock fell 6%, erasing a pre-open gain of 20% after Keith Gill, the stock influencer known as "Roaring Kitty", disclosed a 6.6% stake in the pet products retailer.

  • GameStop (NYSE:GME) stock fell 7.5% after Gill was accused of securities fraud in a class-action lawsuit concerning the video game retailer.

  • Meta Platforms (NASDAQ:META) fell 1% following reports the Facebook owner is being charged by EU antitrust regulators for failing to comply with landmark tech rules.

  • Trump Media & Technology (DJT) stock rose 4%, bouncing after Friday’s sharp losses in volatile trading in the wake of the first presidential debate between current President Joe Biden and former President Donald Trump.

  • Cassava Sciences (NASDAQ:SAVA) stock fell 4%, extending declines following reports last week that a key adviser to the Alzheimer’s drug developer was indicted by a federal grand jury for allegedly submitting fabricated and falsified scientific data to obtain grants.

  • Nio (NYSE:NIO) ADRs rose 8% and Li Auto (NASDAQ:LI) stock climbed 6% after the Chinese EV makers reported strong deliveries in June.

  • O'Reilly (NASDAQ:ORLY) Automotive (ORLY) and AutoZone (NYSE:AZO) each declined approximately 4% after analysts flagged concerns about demand headwinds.

  • Marathon Digital Holdings (NASDAQ:MARA) rose 11% as cryptocurrency-related stocks gained amid a rebound in the price of Bitcoin. Coinbase (NASDAQ:COIN) climbed 3.6%


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.