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Adobe, Oracle, Biontech lead morning market cap stock movers on Friday

EditorFrank DeMatteo
Published 09/13/2024, 10:45 AM
© Reuters.


Friday's market has seen significant movements among stocks, with mega-cap and large-cap categories experiencing notable volatility. Adobe Sys Inc (NASDAQ:ADBE) reported record revenues but saw a sharp decline in its stock price, while Oracle Corp (NYSE:ORCL) enjoyed a positive uptick. In the large-cap segment, Biontech Se (BNTX) surged following recent developments. Here are the details of some of the most impactful stock movers today, from the largest companies to smaller firms making waves.


Mega-Cap Movers:

  • Adobe Sys Inc (ADBE): Adobe Reports Record Revenue in Q3 Fiscal 2024; -9.23%
  • Oracle Corp (ORCL): +2.06%; adds to recent momentum, analysts talk up stock following conference and earnings


Large-Cap Stock Movers:

  • Biontech Se (BNTX): +14.47%; target raised at Jefferies to $96
  • Summit Therapeutics PLC (NASDAQ:SMMT): +9.25%
  • Discovery Holding Co (NASDAQ:WBD): Miami Dolphins Owner in Talks With PE Firms on Stake Sale - NYT; +7.7%
  • Garmin Ltd (NYSE:GRMN): Barclays cuts Garmin price stock target, downgrades rating to Equal Weight; -6.08%
  • Arm (ARM): new Outperform rating at Raymond James; +5.39%;
  • Moderna (NASDAQ:MRNA): Moderna stock downgraded by Oppenheimer amid R&D strategy shift; -3.96%
  • Uber Technologies Inc (NYSE:UBER): Uber and Waymo to launch autonomous rides in Austin, Atlanta; +6.23%


Mid-Cap Stock Movers:

  • HCM Acquisition (MRNO): Murano Announces Closing of U.S.$300 Million Offering of Senior Secured Notes; +30.49%
  • Rstrtn Hrdwr Hld (RH (NYSE:RH)): RH shares gain over 3% as Q2 earnings, revenue beat expectations; +22.27%
  • Wayfair Inc (NYSE:W): +9.87%; up after RH numbers
  • Laureate Education Inc (NASDAQ:LAUR): Laureate Education launches $100 million stock buyback; +8.39%
  • eXp World (EXPI): +6.51%
  • Unity Software Inc (U): +5.89%; PT raised to $25 at Stifel
  • Etsy Inc (NASDAQ:ETSY): +8.95%; gains as Biden cracks down on Chinese e-comm platforms
  • Rocket Companies Inc (RKT): +6.61%; chances of 50 bps fed rate cut next week jump
  • Celsius Holdings (NASDAQ:CELH): +5.97%
  • ELF Beauty Inc (ELF): +3.79%


Small-Cap Stock Movers:

  • Selectquote Inc (SLQT): SelectQuote, Inc. Reports Fourth Quarter of Fiscal Year 2024 Results; -34.82%
  • Instil Bio (TIL): +15.07%
  • Purecycle Technologies Holdings (PCT): +13.12%
  • Redfin (NASDAQ:RDFN): Redfin Reports Falling Mortgage Rates Mean Housing Payments Are Now More Affordable Than a Year Ago Despite Higher Prices; +15.22%
  • ViaSat (NASDAQ:VSAT): -12.05%
  • SimilarWeb (SMWB): Similarweb (NYSE:SMWB) shareholder prices public offering at $7.85 a share; -13.85%
  • Centessa Pharmaceuticals ADR (CNTA): Centessa Pharmaceuticals Announces Pricing of Upsized $225,000,000 Public Offering of American Depositary Shares; +13.87%


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