Alphatec Holdings, Inc. : Wells Fargo Cuts Target Price To $14 From $19

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite dipping around 500 points on Thursday.

The Dow traded down 0.62% to 41,880.03 while the NASDAQ fell 2.69% to 18,107.65. The S&P 500 also fell, dropping, 1.64% to 5,718.50.

Check This Out: Top 2 Real Estate Stocks You May Want To Dump This Quarter

Leading and Lagging Sectors

Utilities shares rose by 1.6% on Thursday.

In trading on Thursday, information technology shares fell by 3.4%.

Top Headline

Shares of Uber Technologies, Inc dipped more than 10% on Thursday after the company reported quarterly results.

The company posted fiscal third-quarter 2024 revenue growth of 20% year-on-year to $11.188 billion, beating the analyst consensus of $10.97 billion. Uber reported GAAP EPS of 46 cents and adjusted EPS of 46 cents, which beat the analyst consensus of 41 cents.

Trips grew 17% year-over-year to 2.9 billion, or 31 million per day. Uber’s Monthly Active Platform Consumers reached 161 million, up 13% year-over-year.

Equities Trading UP

• Root, Inc. shares shot up 77% to $72.03 after the company reported better-than-expected third-quarter financial results.
• Shares of Alphatec Holdings, Inc. got a boost, surging 39% to $7.82 after the company reported better-than-expected third-quarter revenue results and raised its FY24 revenue guidance.
• Lemonade, Inc. shares were also up, gaining 27% to $23.89 after the company reported third-quarter earnings and sales above estimates and raised its FY24 guidance.

Equities Trading DOWN

• Matinas BioPharma Holdings, Inc. shares dropped 65% to $0.6700 after the company announced the termination of negotiations under the previously disclosed non-binding term sheet regarding global rights to MAT2203. Matinas has implemented an 80% reduction in its workforce.
• Shares of Aurora Innovation, Inc. were down 24% to $5.01 after reporting a wider-than-expected quarterly loss.
• COMPASS Pathways plc was down, falling 23% to $4.7750 after the company announced it pushed its topline data readout from its COMP005 Phase 3 trial to Q2 2025 and its COMP006 data will be announced after the 26-week time point.

Commodities

In commodity news, oil traded up 1% to $69.30 while gold traded down 1.8% at $2,751.50.

Silver traded down 3.7% to $32.820 on Thursday, while copper fell 0.1% to $4.3475.

Euro zone

European shares were lower today. The eurozone's STOXX 600 dipped 1.20%, Germany's DAX fell 0.93% and France's CAC 40 slipped 1.05%. Spain's IBEX 35 Index fell 0.36%, while London's FTSE 100 fell 0.61%.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan's Nikkei 225 falling 0.50%, Hong Kong's Hang Seng Index falling 0.31%, China's Shanghai Composite Index gaining 0.42% and India's BSE Sensex falling 0.69%.

Economics

• U.S. initial jobless claims declined by 12,000 from the previous week to 216,000 in the week ending Oct. 26.
• U.S. personal income increased by 0.3% from the prior month to $24.948 trillion in September, while personal spending increased by 0.5% to an annualized rate of $20.024 trillion.
• The personal consumption expenditure price index rose 0.2% month-over-month in September following a 0.1% increase in August.
• U.S. natural-gas supplies rose 78 billion cubic feet to 8.863 trillion cubic feet in the week ended Oct. 25.

Now Read This:

• Jim Cramer: This Financial Stock Is ‘One Of The Most Consistent, Great Companies’

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

U.S. stocks traded lower midway through trading, with the Dow Jones index more than 300 points on Thursday.

The Dow traded down 0.78% to 41,810.80 while the NASDAQ fell 2.46% to 18,149.38. The S&P 500 also fell, dropping, 1.56% to 5,723.19.

Check This Out: Top 2 Real Estate Stocks You May Want To Dump This Quarter

Leading and Lagging Sectors

Energy shares rose by 1.1% on Thursday.

In trading on Thursday, information technology shares fell by 3%.

Top Headline

Shares of Meta Platforms Inc fell more than 2% on Thursday after the company reported third-quarter financial results.

The company reported third-quarter revenue of $40.59 billion, beating analyst estimates of $40.29 billion.

Equities Trading UP

• Root, Inc. shares shot up 180% to $113.43 after the company reported better-than-expected third-quarter financial results.
• Shares of Alphatec Holdings, Inc. got a boost, surging 39% to $7.79 after the company reported better-than-expected third-quarter revenue results and raised its FY24 revenue guidance.
• Alphatec Holdings, Inc. shares were also up, gaining 39% to $7.78 after the company reported better-than-expected third-quarter revenue results and raised its FY24 revenue guidance.

Equities Trading DOWN

• Matinas BioPharma Holdings, Inc. shares dropped 69% to $0.6100 after the company announced the termination of negotiations under the previously disclosed non-binding term sheet regarding global rights to MAT2203. Matinas has implemented an 80% reduction in its workforce.
• Shares of Aurora Innovation, Inc. were down 24% to $5.0200 after reporting a wider-than-expected quarterly loss.
• COMPASS Pathways plc was down, falling 25% to $4.6650 after the company announced it pushed its topline data readout from its COMP005 Phase 3 trial to Q2 2025 and its COMP006 data will be announced after the 26-week time point.

Commodities

In commodity news, oil traded up 1.2% to $69.40 while gold traded down 1.4% at $2,763.10.

Silver traded down 3.2% to $32.970 on Thursday, while copper rose 0.2% to $4.3585.

Euro zone

European shares were lower today. The eurozone's STOXX 600 dipped 1.29%, Germany's DAX fell 0.95% and France's CAC 40 slipped 1.15%. Spain's IBEX 35 Index fell 0.53%, while London's FTSE 100 fell 0.91%.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan's Nikkei 225 falling 0.50%, Hong Kong's Hang Seng Index falling 0.31%, China's Shanghai Composite Index gaining 0.42% and India's BSE Sensex falling 0.69%.

Economics

• U.S. initial jobless claims declined by 12,000 from the previous week to 216,000 in the week ending Oct. 26.
• U.S. personal income increased by 0.3% from the prior month to $24.948 trillion in September, while personal spending increased by 0.5% to an annualized rate of $20.024 trillion.
• The personal consumption expenditure price index rose 0.2% month-over-month in September following a 0.1% increase in August.

Now Read This:

• Jim Cramer: This Financial Stock Is ‘One Of The Most Consistent, Great Companies’

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

U.S. stocks were lower, with the Dow Jones index falling around 200 points on Thursday.

Shares of Roblox Corporation rose sharply during Thursday’s session after the company reported better-than-expected third-quarter financial results and reported a year-over-year increase in daily active users and hours engaged.

The video game developer reported an adjusted EPS loss of 37 cents, beating the analyst consensus loss estimate of 0.39 cents. The revenue of the American video game developer grew by 29% Y/Y to $919 million.

Roblox shares climbed 21.5% to $52.13 on Thursday.

Here are some other big stocks recording gains in today's session.

• Root, Inc. shares jumped 138% to $96.39 after the company reported better-than-expected third-quarter financial results.
• Alphatec Holdings, Inc. shares climbed 40% to $7.84 after the company reported better-than-expected third-quarter revenue results and raised its FY24 revenue guidance.
• Lemonade, Inc. surged 25.8% to $23.59 after the company reported third-quarter earnings and sales above estimates and raised its FY24 guidance.
• Paycom Software, Inc. gained 24.7% to $214.84 following better-than-expected quarterly earnings.
• Confluent, Inc. rose 21.4% to $28.00 after the company reported better-than-expected quarterly financial results.
• Remitly Global, Inc. surged 19.7% to $18.27 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.
• Nextracker Inc. gained 19.1% to $38.09 after the company reported better-than-expected second-quarter financial results and raised its FY25 GAAP and adjusted EPS guidance.
• Peloton Interactive, Inc. rose 18.6% to $7.89 after the company reported better-than-expected quarterly sales.
• TTM Technologies, Inc. surged 16.6% to $23.01 following strong quarterly sales.
• Twilio Inc. gained 16% to $81.81 after the company reported better-than-expected third-quarter financial results.
• International Paper Company rose 14% to $55.91 after the company reported better-than-expected quarterly adjusted EPS results. The company announced the decision to review strategic options for its global cellulose fibers business.
• Entergy Corporation gained 11.8% to $150.32 after the company reported better-than-expected third-quarter earnings and raised FY24 EPS outlook.
• Gen Digital Inc. gained 10.1% to $29.64 following strong quarterly sales.
• Sprouts Farmers Market, Inc. rose 10.1% to $130.98 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter adjusted EPS guidance above estimates.
• Norwegian Cruise Line Holdings Ltd. gained 7.7% to $25.69 after the company reported better-than-expected quarterly financial results.
• Altria Group, Inc. gained 7% to $54.03 following strong earnings.
• Booking Holdings Inc. rose 6.3% to $4,745.96 after the company reported better-than-expected third-quarter financial results.

Now Read This:

• Jim Cramer: This Financial Stock Is ‘One Of The Most Consistent, Great Companies’

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 1% on Thursday.

The Dow traded down 0.40% to 41,972.69 while the NASDAQ fell 1.24% to 18,377.20. The S&P 500 also fell, dropping, 0.76% to 5,769.76.

Check This Out: Top 2 Real Estate Stocks You May Want To Dump This Quarter

Leading and Lagging Sectors

Energy shares rose by 1% on Thursday.

In trading on Thursday, information technology shares fell by 2.1%.

Top Headline

Shares of Microsoft Corporation fell around 5% on Thursday after the company reported first-quarter financial results.

The company reported first-quarter revenue of $65.60 billion, up 16% year-over-year. The total beat a Street consensus estimate of $64.51 billion according to data from Benzinga Pro.

Equities Trading UP

• Root, Inc. shares shot up 138% to $96.39 after the company reported better-than-expected third-quarter financial results.
• Shares of 1847 Holdings LLC got a boost, surging 66% to $0.6451. 1847 Holdings announced the closing of $11.1 million public offering
• Alphatec Holdings, Inc. shares were also up, gaining 40% to $7.84 after the company reported better-than-expected third-quarter revenue results and raised its FY24 revenue guidance.

Equities Trading DOWN

• Matinas BioPharma Holdings, Inc. shares dropped 64% to $0.7000 after the company announced the termination of negotiations under the previously disclosed non-binding term sheet regarding global rights to MAT2203. Matinas has implemented an 80% reduction in its workforce.
• Shares of MDJM Ltd were down 60% to $0.2400.
• Starbox Group Holdings Ltd. was down, falling 28% to $1.48.

Commodities

In commodity news, oil traded up 1.1% to $69.36 while gold traded down 0.9% at $2,775.10.

Silver traded down 2.2% to $33.325 on Thursday, while copper rose 0.3% to $4.3625.

Euro zone

European shares were lower today. The eurozone's STOXX 600 dipped 1%, Germany's DAX fell 0.5% and France's CAC 40 slipped 0.7%. Spain's IBEX 35 Index fell 0.2%, while London's FTSE 100 fell 0.9%.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan's Nikkei 225 falling 0.50%, Hong Kong's Hang Seng Index falling 0.31%, China's Shanghai Composite Index gaining 0.42% and India's BSE Sensex falling 0.69%.

Economics

• U.S. initial jobless claims declined by 12,000 from the previous week to 216,000 in the week ending Oct. 26.
• U.S. personal income increased by 0.3% from the prior month to $24.948 trillion in September, while personal spending increased by 0.5% to an annualized rate of $20.024 trillion.
• The personal consumption expenditure price index rose 0.2% month-over-month in September following a 0.1% increase in August.

Now Read This:

• Jim Cramer: This Financial Stock Is ‘One Of The Most Consistent, Great Companies’

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.