top of page
Lanon Wee

Top Stocks with Biggest Intraday Fluctuations: Best Buy, Big Lots, Coinbase, Nio and Others

Midday trading has seen stocks from several companies make headlines. Best Buy's shares jumped 4%, after its second-quarter earnings exceeded both the top and bottom lines of expectations, with revenues coming in at $9.58 billion against the predicted $9.52 billion. However, the retailer lowered its revenue projections for the year. Big Lots saw a 26.7% rise as their earnings beat analysts' projections, with an adjusted per-share loss of $3.24 versus the $4.11 forecast by FactSet. Furthermore, the discount retailer's revenue was higher than the estimated $1.1 billion at $1.14 billion. The cryptocurrency industry saw stocks surge as a result of a court ruling against the U.S. Securities and Exchange Commission in regards to spot bitcoin exchange-traded funds, with Coinbase, Marathon Digital, and Riot Platforms rising 14.9%, 28.8%, and 17.2% respectively. 3M saw its shares go up 1.4% after agreeing to settle lawsuits at $6.01 billion, and Heico saw a 1.4% retreat due to decreased operating margins when compared with the same quarter a year ago. Nio, the Chinese electric vehicle maker, saw its stock dip 1.2% as its quarterly loss exceeded expectations, with Tesla climbing more than 5.4%. Artificial intelligence stock Nvidia and PDD Holdings rose 4% and 15.4% respectively after Morgan Stanley and FactSet reported strong earnings. Oracle, AT&T, and Verizon rose 3.2%, 3%, and 3% respectively following respective upgrades from UBS and Citi, with Alphabet and General Motors climbing 2.7% and 1% due to a collaboration between the two companies. Catalent saw its stocks jump 4.7% as it forecasted revenue up to $4.50 billion and Elliott Investment Management nominated two new independent directors for the board. Ginkgo Bioworks and Rockwell Automation also saw 24% and 2.6% increases from a five-year partnership and Wells Fargo upgrade respectively. Airbnb and Palantir Technologies rallied 4.8% and 5% after Bernstein and Bank of America maintained their outperform and buy ratings for the stocks. Splunk gained 1.1% and Futu Holdings jumped 9.1% following their double-upgrade to buy by Bank of America. Finally, NextEra Energy Partners were up 4.2% thanks to an upgrade from Raymond James to outperform from market perform. CNBC's Sarah Min, Samantha Subin, Yun Li, Hakyung Kim, Michelle Fox, Pia Singh, and Jesse Pound have contributed to the reporting.

Kommentare


bottom of page