Alibaba, Taser lead market cap stock movers on Wednesday

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Summary:

Wednesday's market has seen notable movements among various stocks, with Alibaba-exch (BABA) and Taser Intl (NASDAQ:AXON) experiencing significant gains, while Tesla Motors ...

Wednesday's market has seen notable movements among various stocks, with Alibaba-exch (BABA) and Taser Intl (NASDAQ:AXON) experiencing significant gains, while Tesla Motors (NASDAQ:TSLA) and Applovin (APP) faced declines. The fluctuations are reflective of a range of factors, including company news and broader market trends. Below are highlights of some of the biggest stock movers, from mega-caps to small caps.

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

Alibaba-exch (BABA); US SMEs prioritise trendy products: +3.84%
Avago Technologies (NASDAQ:AVGO): +3.51%
Nvidia Corp (NASDAQ:NVDA): +2.01%
Apple Computer Inc (NASDAQ:AAPL): -3.03%
Tesla Motors (TSLA); sinks below $1T in market value: -3.77%
Pepsico (NASDAQ:PEP): -3.0%
Merck & Co (NYSE:MRK); Encourages investors to secure counsel: -2.54%
Metropcs Communications (NASDAQ:TMUS); T-Mobile to present at conference: -2.81%
Facebook Inc (NASDAQ:META): +1.78%

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

Taser Intl (AXON); Q4 results top estimates: +16.23%
Xpeng Inc (NYSE:XPEV): +13.67%
Super Micro Compu (NASDAQ:SMCI); Files Form 10-K for Fiscal 2024: +11.55%
Intuit (NASDAQ:INTU); Reports strong second quarter results: +11.5%
NRG Energy Inc (NYSE:NRG); Reports full year 2024 financial results: +10.69%
Li Auto Inc (NASDAQ:LI); Lineage reports Q4 loss: +9.5%
First Solar Inc (NASDAQ:FSLR); Q4 earnings miss estimates: +8.74%
Applovin (APP): -13.08%
Maplebear (CART); Instacart (NASDAQ:CART) announces financial results: -12.79%
United Therapeutics Corp (NASDAQ:UTHR); Reports financial results: -12.06%

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

Zoominfo Technologies Inc (NASDAQ:ZI); Names Rob Giglio to Board: +22.51%
Lantheus Holdings Inc (NASDAQ:LNTH); Beats Q4 estimates: +16.7%
Huron Consulting (NASDAQ:HURN); Announces record Q4 results: +16.09%
Synta Pharmaceuticals (NASDAQ:MDGL); New data from MAESTRO-NAFLD-1 Trial: +17.11%
SPX Corp (NYSE:SPXC); Stock rises on strong 2025 outlook: +11.16%
Flywire (FLYW); Shares plunge on earnings miss: -38.83%
Advance Auto Parts (NYSE:AAP); Stock surges as Q4 results top estimates: -16.36%
Churchill Capital IV (NASDAQ:LCID); Lucid stock surges as Q4 results top estimates: -12.65%
UFP Technologies (UFPT): -11.29%

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

PropTech Acquisition Corp (PRCH); Porch Group achieves profitability: +64.25%
ACM Research Inc (NASDAQ:ACMR); Reports fiscal year 2024 results: +23.84%
Alpha Technology (ATGL): +19.5%
Commscope Hlding (COMM); Q4 earnings top estimates: +20.14%
GSX Techedu A (NYSE:GOTU); Announces unaudited financial results: +27.47%
Geron Corp (NASDAQ:GERN); Stock rating downgraded: -31.65%
Grocery Outlet Inc (NASDAQ:GO); Shares slide on earnings miss: -28.27%
Office Depot (NASDAQ:ODP); Reports Q4 earnings miss: -22.72%
SMCX NASDAQ (SMCX): -23.45%
MSTU (MSTU): -1.46%

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Argus Cuts Price Target on Axon Enterprise to $700 From $800

MT Newswires

Axon Enterprise

+15.25%

Axon Enterprise has an average rating of overweight and mean price target of $677, according to analysts polled by FactSet.

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Sector Update: Health Care Stocks Slip in Afternoon Trading

MT Newswires

Health care stocks fell Wednesday afternoon with the NYSE Health Care Index down 0.8% and the Health Care Select Sector SPDR Fund (XLV) shedding 1%.

The iShares Biotechnology ETF (IBB) dropped 0.7%.

In corporate news, Eli Lilly said it plans to build four pharmaceutical plants in the US, bringing capital expansion commitments in the country to $50 billion since 2020. Eli Lilly shares added 0.9%.

Novartis stockholder Sandoz Family Foundation is selling 26.5 million shares in a deal expected to raise 2.6 billion Swiss francs ($2.9 billion), media outlets reported, citing Goldman Sachs (GS). Novartis shares fell 1.7%.

Lantheus shares jumped 16% after the company's Q4 results and 2025 earnings guidance topped estimates by analysts.

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Sector Update: Tech Stocks Gain Wednesday Afternoon

MT Newswires

Tech stocks were higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.7% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.6%.

The Philadelphia Semiconductor index added 1.5%.

In corporate news, Workday shares jumped 6.6%, a day after it reported fiscal Q4 results above market expectations.

AppLovin shares fell nearly 12% after short sellers Fuzzy Panda and Culper Research released two separate reports with allegations about the company's advertising strategies.

Super Micro Computer said late Tuesday it regained compliance with the Nasdaq Composite's filing requirements. Its shares jumped 12%.

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Dj Trump To Cabinet: You'Re 'Out' If You'Re Unhappy With Musk

Reuters

Tesla

-3.96%

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Dj Grocery Outlet Shares Fall To All-Time Low On Restructuring Plans

Reuters

Grocery Outlet

-30.18%

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Grocery Outlet Shares Fall to All-Time Low on Restructuring Plans

Dow Jones Newswires

Grocery Outlet

-30.18%

By Sabela Ojea

Shares of Grocery Outlet on Wednesday dropped to a new all-time low after the retailer said it started restructuring its operations in the fourth quarter.

The stock was down 28% to $11.27 in post-market trading, which would be the largest percent decrease on record. Shares are down 28% year to date, and have dropped 57% over the past 12 months.

The value grocery chain said its restructuring plan, set to be substantially completed by the first half of 2025, includes terminating leases, cancelling some costly warehouse projects and cutting its workforce.

The company expects to book total costs between $52 million to $61 million, of which $36 million to $45 million are estimated to be in cash, as a result of the plan.

Grocery Outlet's cost-cutting plan came after its fourth-quarter adjusted earnings and adjusted earnings outlook for 2025 missed Wall Street expectations.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

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Alibaba, Taser lead market cap stock movers on Wednesday

Argus Cuts Price Target on Axon Enterprise to $700 From $800

Sector Update: Health Care Stocks Slip in Afternoon Trading

Sector Update: Tech Stocks Gain Wednesday Afternoon

Dj Trump To Cabinet: You'Re 'Out' If You'Re Unhappy With Musk

Dj Grocery Outlet Shares Fall To All-Time Low On Restructuring Plans

Grocery Outlet Shares Fall to All-Time Low on Restructuring Plans

Risk Disclosure