Tesla and Salesforce Lead Afternoon Market Cap Stock Movers on Wednesday

Wednesday’s market witnessed significant movements among various stocks, with some experiencing notable gains while others faced declines. Major companies like Tesla Motors and Salesforce captured attention with their intra-day performance. Additionally, large-cap stocks such as Humana Inc. and Conagra Foods also experienced considerable shifts. Below are highlights of the most impactful stock movers across different market cap categories for the day.

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

• Tesla Motors: Production, deliveries, and deployments for the third quarter of 2024 declined by 3.7%.
• Salesforce: Upgraded by Northland, resulting in an increase of 3.76%.
• Pinduoduo: Gained 4.1% due to positive effects from China’s stimulus measures.
• Avago Technologies: Increased by 2.75%.

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

• Humana Inc.: Shares downgraded amidst concerns over Stars program headwinds and profit margins, leading to a decline of 13.34%.
• Bilibili Inc.: Rose by 8.57%.
• Conagra Foods: Reported first-quarter results, resulting in a drop of 8.44%.
• Nike: Downgraded following earnings and guidance, falling by 6.16%.
• MakeMyTrip Ltd: Decreased by 5.23%.
• ZTO Express: Increased by 6.14%.
• RPM International: Reported record fiscal 2025 first-quarter results, up by 5.73%.
• Netease.com: Gained 6.29% on the back of China’s stimulus.
• Tencent Music Entertainment Group: Increased by 5.84%.

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

• Joby Aviation: Rose by 26.01% after Toyota announced a $500 million investment.
• Materion Corp: Declined by 7.06%.
• Lufax Holding Ltd: Increased by 9.26%.
• TSLL: Decreased by 7.29%.
• Harmony Biosciences: Dropped by 7.85%.
• Caesars Entertainment: Announced a $500 million stock buyback, leading to a rise of 6.5%.
• New Fortress Energy: Fell by 7.49%.
• Ciena: Increased by 7.01% after plans to buy back $1 billion in stock over three years.
• Northstar At Management: Up by 5.7%.

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

• Social Capital Hedosophia: Surged by 24.45%.
• Youdao Inc.: Increased by 26.22%.
• UP Fintech Holding: Rose by 27.13% as Chinese brokers benefited from a surge in stocks.
• Kingsoft Cloud: Gained 20.38%.
• Enovix: Increased by 23.54% after commencing shipping from a new manufacturing line in Malaysia.
• AMTD Digital ADR: Up by 20.62%.
• Puyi ADR: Declined by 14.29% following leadership changes.
• Novavax: Received positive comments from Jefferies, up by 14.62%.
• Establishment Labs: Increased by 13.63% after news of successful breast augmentations using FDA-approved implants.
• Oklo: Rose by 12.67%.

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This article was produced with assistance from AI and reviewed by an editor.