Alibaba and Accenture Lead Afternoon Market Cap Stock Movers on Thursday

Market Update: Notable Stock Movers on Thursday

Thursday’s market showcased notable fluctuations, with stocks experiencing significant activity in both upward and downward directions. Major players like Alibaba saw impressive gains, while large-cap stocks such as Super Micro Computer encountered declines. This update highlights some of the prominent stock movers across various market capitalizations.

Mega-Cap Movers (Market Cap: $200B and higher)

• Alibaba: Benefiting from ongoing China stimulus measures; up 10.09%
• Accenture Ltd: Reported a strong Q4 EPS, leading to a 4.9% increase
• Thermo Fisher Scientific: Gained 2.6%
• Advanced Micro Devices: Powered Oracle’s new cloud AI supercluster with MI300X GPUs; up 2.38%
• Walmart: Experienced a decline of 1.91%

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

• Ke Holdings Inc: Continued gains from China stimulus; up 20.09%
• Super Micro Computer: Under investigation by the Justice Department, resulting in a drop of 13.4%
• New Oriental Education & Technology: Benefiting from China stimulus; up 14.07%
• Yum China Holdings: Also saw gains from China stimulus; up 14.01%
• JD.com: Continued upward trend from China stimulus; up 14.21%
• Micron Technology: Reported strong results and positive outlook; up 13.8%
• Pinduoduo: Gained 14.02% due to ongoing China stimulus
• Jabil Circuit: Reported Q4 and fiscal year results; up 11.38%
• Ctrip.com International: Continued upward movement from China stimulus; up 10.5%
• MakeMyTrip Ltd: Saw a decline of 9.07%

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

• Tal Education Group: Benefiting from China stimulus; up 22.6%
• China Lodging Group: Also saw benefits from stimulus; up 18.51%
• Concentrix: Shares dropped 11% due to underwhelming guidance; down 17.06%
• Melco Crown Entertainment: Gained 15.39% from China stimulus
• Bilibili Inc: Continued gains; up 16.64%
• iQIYI Inc: Unveiled new content at the 2024 iJOY Conference; up 16.81%
• Lufax Holding Ltd: Up 14.81%
• Kanzhun: Up 13.14%
• Camtek Ltd: Saw a gain of 13.36%
• Atour Lifestyle Holdings: Up 13.0%

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

• GSX Techedu: Increased by 25.76%
• EJF Acquisition: Proposed exchangeable senior notes offering led to a decline of 24.78%
• Adaptive Biotechnologies: Up 22.88%
• Studio City International Holdings: Up 20.92%
• Pono Capital Two: Increased by 21.38%
• Emergent BioSolutions: Secured additional smallpox treatments for $67.4 million; up 19.22%
• Uxin: Gained 17.23%
• Ispire Technology: Reported financial results for FY 2024; up 14.95%
• UP Fintech Holding: Up 14.9%

This summary encapsulates the significant stock movements in the market today. Stay informed with real-time updates and developments.