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Midday movers: Nvidia, Carnival Rise; SolarEdge, Pool fall

Published 06/25/2024, 07:35 AM
Updated 06/25/2024, 11:45 AM
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(Updated - June 25, 2024 11:41 AM EDT)

Investing.com -- U.S. stock futures rose Tuesday, with the tech stocks bouncing after the previous session's sharp losses.

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

  • Nvidia (NASDAQ:NVDA) stock rose 5.5%, bouncing after the chipmaker slumped almost 7% during the last session, moving its market cap back above the $3 trillion threshold.

  • SolarEdge (NASDAQ:SEDG) stock fell 18% after the renewable energy company announced plans to offer $300 million in new debt.

  • Birkenstock (NYSE:BIRK) stock slid 3.8% after the footwear maker said a top shareholder plans to offload 14 million shares in a public offering.

  • Novo Nordisk (NYSE:NVO) stock rose 4% after the drugmaker’s blockbuster Wegovy weight-loss treatment received approval from regulators in China.

  • Spirit AeroSystems (NYSE:SPR) stock fell 5.3% following a Bloomberg report indicating Boeing (NYSE:BA) has offered to acquire the airplane fuselage maker in a deal funded mostly by stock that values its key supplier at about $35 per share.

  • Trump Media & Technology Group (DJT) stock rose 3%, extending Monday's gains after the former president’s company had announced it expected $69.4 million in proceeds from cash exercise of warrants.

  • Pool (NASDAQ:POOL) stock fell 7% after the swimming pool products distributor cut earnings and revenues expectations, citing lower new pool construction and remodel activities.

  • Mastercard (NYSE:MA) stock rose 0.2% with Commerzbank (ETR:CBKG) rating the U.S. payment service provider as a "strong buy", citing its robust growth prospects and its leading position in global payments.

  • Airbus (EADSY (OTC:EADSY)) stock fell 11% after the aircraft manufacturer said it was cutting its financial targets for 2024, citing supply chain issues and additional costs in its space systems division.

  • Carnival Corp. (NYSE:CCL) rose 8% after it reported second quarter earnings per share that topped estimates. Peers Royal Caribbean (NYSE:RCL) and Norwegian Cruise Line (NYSE:NCLH) were also higher.

  • Walmart (NYSE:WMT) fell 2.3% after its CFO said at a conference that not every quarter is going to be as good as the last quarter and the second quarter is challenging from a comp perspective.


Additional reporting by Louis Juricic

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