Stock Market Update

Wednesday’s trading session is witnessing notable fluctuations among stocks across the board, with energy behemoths Chevron (NYSE:CVX) and Exxon Mobil (NYSE:XOM) experiencing declines, while NVIDIA (NASDAQ:NVDA), Duolingo (DUOL), and Vistra Energy Corp (NYSE:VST) enjoy gains. Here’s a look at some of the significant intra-day stock movements, focusing on the mega-cap and large-cap categories.

Mega-Cap Movers:

• Chevron (CVX): -2.46%; falls on lower oil prices
• Exxon Mobil (XOM): -2.29%; falls on lower oil prices

• Thermo Fisher (NYSE:TMO): -2.22%

• NVIDIA (NVDA): +2.1%; shares continue to gain as the CEO is done selling stock for now

Large-Cap Stock Movers:

• Medpace Holdings Inc (NASDAQ:MEDP): -8.63%; downgraded at Jefferies
• Duolingo (DUOL): +5.84%; Wall Street raises price targets after Doocon event
• DraftKings (NASDAQ:DKNG): +6.57%; gains on update from rival Flutter
• Vistra Energy Corp (VST): +6.63%
• Flutter Entertainment PLC (FLUT): +6.06%; sees doubled profits by 2027, announced $5B buyback plan
• Global Payments (NYSE:GPN): -6.03%; stock downgraded to Neutral by BTIG on preliminary guidance
• Gen Motors (GM): -5.41%; downgraded at Morgan Stanley
• Rivian Automotive (NASDAQ:RIVN): -5.87%; downgraded at Morgan Stanley
• Amgen Inc (NASDAQ:AMGN): -4.82%; falls on disappointing rocatinlimab’s Horizon update
• Reinvent Technology Partners Y (AUR): +7.38%

Mid-Cap Stock Movers:

• Celldex Therapeutics (NASDAQ:CLDX): -17.36%; reports barzolvolimab CSU study results
• Progress Software (NASDAQ:PRGS): +13.53%; beats Q3 estimates, raises full-year outlook; stock up 4%
• Vector Acquisition (RKLB): +13.85%
• Novavax (NASDAQ:NVAX): -8.58%; appoints new EVP of Research & Development
• Biohaven Pharmaceutical Holding Co (NYSE:BHVN): +7.77%; sees insider buying
• 10X Genomics Inc (TXG): -7.62%
• Crane NXT (CXT): -7.08%
• Rubrik (RBRK): -5.54%
• Phinia (PHIN): -7.4%

Small-Cap Stock Movers:

• Armada Acquisition I (RZLV): +61.3%; Rezolve AI set to tap into $1 trillion AI surge
• Stitch Fix (NASDAQ:SFIX): -38.27%; shares plunge 13% on earnings miss, weak guidance
• Pono Capital Two (SBC): +21.12%
• Capricor Therap (CAPR): +33.1%
• Target Hospitality (NASDAQ:TH): -19.72%; reaffirms 2024 financial outlook
• Amplitude Healthcare Acquisition (JSPR): -15.41%
• Cipher Mining (NASDAQ:CIFR): +12.21%; shares initiated with Outperform
• AVROBIO (TECX): +16.54%
• Hallador Energy C (HNRG): +16.68%

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