Wednesday's market has seen notable movements in a range of stocks, driven by various factors including earnings reports, strategic corporate actions, and broader market trends. Among the most significant movers today are mega-cap stocks like United Health Group (UNH) and Cisco Systems Inc (NASDAQ:CSCO), alongside large-cap companies such as United Airlines (NASDAQ:UAL) and Morgan Stanley (NYSE:MS). Below are the highlights of today's biggest stock movers, from mega-caps to small caps.
Mega-Cap Movers:
- United Health Group (UNH): bounces after Tuesday's earnings-related sell-off; +2.7%
- Cisco Systems Inc (CSCO): Cisco stock upgraded on AI potential and narrowing peer discount, says Citi; +2.67%
- Abbott Laboratories (NYSE:ABT): Abbott Reports Third-Quarter 2024 Results and Raises Midpoint of Full-Year EPS Guidance Range; +2.59%
Large-Cap Stock Movers:
- United Airlines (UAL): United Airlines announces $1.5 billion buyback, exceeds Q3 EPS forecast; +8.71%
- Morgan Stanley (MS): Q3 profits beat; +6.74%
- Us Bancorp (USB): US Bancorp (NYSE:USB) posts Q3 earnings beat, but revenue misses estimates; +5.0%
- Ke Holdings Inc (BEKE): +6.52%
- J.B. Hunt Transport Services (JBHT): J.B. Hunt shares jump as Q3 earnings, revenue top estimates; +4.01%
- Delta Air Lines Inc (NYSE:DAL): airlines post strong results; +3.92%
- Palantir Technologies Inc (NYSE:PLTR): -3.36%
- Universal Health Services (NYSE:UHS): United Health Services (UHS) Now Offering Incisionless Focused Ultrasound Treatment for Patients with Essential Tremor; +4.76%
Mid-Cap Stock Movers:
- Novavax (NASDAQ:NVAX): FDA puts trial of combo COVID-flu vaccine on hold; -18.8%
- dMY Technology Group III (IONQ): +9.63%
- Enovix (ENVX): some insider selling; -8.48%
- Enerpac Tool Group (NYSE:EPAC): Enerpac Tool Group shares tumble 9% on Q4 earnings miss; -7.54%
- Fortress Value Acquisition Corp (MP): +7.37%
- Vector Acquisition (RKLB): +6.54%
- Hertz (NASDAQ:HTZ) Global Holdings (OTC:HTZGQ) (HRI): +5.5%
- Dycom Industries Inc (NYSE:DY): +5.51%
- Knight-Swift Transportation Holdings Inc (KNX): gains on strong results from peer JB Hunt (NASDAQ:JBHT); +3.75%
Small-Cap Stock Movers:
- Frequency Therapeutics Inc (KRRO): +82.11%
- Wave Life Sciences Ltd (NASDAQ:WVE): Wave Life Sciences reports RNA editing breakthrough; +69.57%
- AltC Acquisition (OKLO): DOE Approves Conceptual Safety Design Report for Oklo's Aurora Fuel Fabrication Facility; +27.38%
- Slater & Gordon Limited (SGH): -21.11%
- NuScale Power (SMR): Nuclear stocks gain as Amazon (NASDAQ:AMZN) joins race for nuclear power; +24.34%
- Cree Inc. (NYSE:WOLF): adds to yesterday's gains following $750M U.S. chip grant; +15.82%
- Altus Power (AMPS): Altus Power explores strategic alternatives to boost value; +14.24%
- Hospitality Properties Trust (SVC): -14.69%
- Plutonian Acquisition (DSY): BioNJ & Medidata Collaborate to Address Underrepresentation in Clinical Trials Across New Jersey; +16.75%
- Aspen Aerogels Inc (NYSE:ASPN): Aspen Aerogels secures DOE loan commitment for new plant; +10.69%
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