Welcome to the latest midday trading roundup! We’ve got all the hot news on the companies that are making waves in the market. Let’s dive in and see what’s been happening.
First up, C.H. Robinson saw their shares take a tumble of 11.6% following an earnings report that didn’t quite meet expectations. On the other hand, Align Technology jumped 16% after surpassing forecasts and giving a positive outlook. It’s all about the wins and losses in the stock market today.
Next, Peloton saw a 23% drop in their shares due to a less than stellar sales outlook for the quarter. Meanwhile, Honeywell International slipped 3.1% after missing the mark on revenue. It’s a mixed bag out there, folks.
In other news, Nextracker, a company that manufactures systems for solar panels, raised their revenue forecast for the year, leading to an 18% increase in their shares. On the flip side, MaxLinear’s shares sank 13.1% after the computer hardware provider issued soft guidance. It’s all about the highs and lows of the market today.
The railroad stock Norfolk Southern climbed 6.9% after an investor group took a big stake, while the semiconductor stock Wolfspeed tumbled 5.6% following weak guidance. It’s a rollercoaster ride out there for investors.
On to the pharmaceutical giant Merck, whose shares gained 2.7% after reporting fourth-quarter revenue and adjusted earnings that exceeded consensus estimates. And Boot Barn, the footwear retailer, saw a 7% jump in their shares after announcing that their comparable sales were starting to stabilize.
Finally, we’ve got ChargePoint, the electric vehicle charging company, popping 4.5% after being called a “potential long-term winner” by analysts. On the flip side, Qualcomm’s shares slipped 2.8% after a downgrade from Citi.
That’s all for now, folks! Stay tuned for more updates on the market’s movers and shakers. Let’s see what the rest of the day has in store!
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