Market Update: Stock Movements on Wednesday

Wednesday's market has witnessed notable fluctuations among various stocks, particularly in the mega-cap and large-cap categories. Significant movement was observed in United Health Group (NYSE:UNH) and Avago Technologies (NASDAQ:AVGO), while Duolingo (NASDAQ:DUOL) experienced a considerable drop. Here are the details on today's stock movers, spanning from the mega-caps to smaller caps.

Mega-Cap Movers (Market Cap $200B+)

• United Health Group (UNH): -4.78%
• Avago Technologies (AVGO); Apple (NASDAQ:AAPL) Working On AI Chip With Broadcom (AVGO): +4.56%
• Google Inc (GOOGL): +3.92%
• Facebook Inc (META): +2.42%
• Amazon Com Inc (AMZN): +2.4%
• Netflix, Inc. (NFLX): +2.41%
• Salesforce (CRM): +3.12%
• Alibaba (BABA): -1.56%

Large-Cap Stock Movers (Market Cap $10B-$200B)

• Duolingo (DUOL): -9.47%
• Super Micro Computer (SMCI): -6.99%
• Astera Labs (ALAB): +6.96%
• Hershey Co (HSY): -6.51%
• Reddit (RDDT): +5.73%
• Tencent Music Entertainment (TME): -5.64%
• MicroStrategy Inc (MSTR): +6.21%
• GameStop Corp (GME): +6.24% (GameStop shares dip as revenue falls short of expectations)
• GE Vernova LLC (GEV): +6.35% (GE Vernova shares target upgraded, buy rating on long-term prospects)
• Coinbase Global (COIN): +5.65%

Mid-Cap Stock Movers (Market Cap $2B-$10B)

• Patterson Companies Inc (PDCO): +34.92% (Agrees to $4.1 billion buyout by Patient Square)
• NantKwest (IBRX): -32.87% (ImmunityBio plans public stock offering)
• Bausch + Lomb (BLCO): -12.66% (Downgraded to Neutral by Citi amid fundamental risks)
• dMY Technology Group III (IONQ): -13.31%
• Blue Safari Group Acquisition Corp (BTDR): +15.77%
• Rmg Acquisition Corp II (RNW): +10.73% (Announces receipt of proposal from Masdar)
• Tempus AI (TEM): -7.34%
• C3 Ai Inc (AI): -7.43% (JPMorgan downgrades C3.ai to Underweight)
• Macy's (M): -6.76%
• Venaxis (RIOT): +7.44%

Small-Cap Stock Movers (Market Cap $300M-$2B)

• AnaptysBio Inc (ANAB): -34.6% (Phase 2b trial did not meet endpoints)
• Stitch Fix (SFIX): +35.22% (Soars on narrower loss than expected and upbeat guidance)
• Lightwave Logic Inc (LWLG): -20.19% (Appoints new CEO)
• Esperion Th (ESPR): -20.23%
• Armada Acquisition I (RZLV): +18.69%
• ADC Therapeutics SA (ADCT): -22.27% (Initial data from clinical trial announced)
• ACELYRIN (SLRN): -20.69% (Topline results from study released)
• Quantum Computing, Inc. (QUBT): -19.69% (Concurrent offerings announced)
• Figs (FIGS): +17.93%
• Dave & Busters Entertainment (PLAY): -16.09% (Shares slide on wider-than-expected Q3 loss)

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