Alibaba and Pinduoduo Lead Stock Movers in Morning Market Cap on Wednesday

Market Update: Notable Stock Movements on Wednesday

Wednesday’s trading session showed significant activity in the stock market, with various factors influencing stock movements. Mega-cap stocks such as Alibaba and Pinduoduo faced declines, while large-cap stocks like Super Micro Computer and Carnival Corporation experienced gains. Here’s a summary of key stock performers across different market capitalizations, highlighting the dynamic environment of today’s market.

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

• Alibaba: -1.99% (continues to consolidate recent gains)
• Pinduoduo: -1.96% (also consolidating recent gains)

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

• Constellation Energy Group: -5.03%
• Netease: -6.17%
• Super Micro Computer: +5.29%
• Carnival Corporation: +4.88% (following bullish comments from Citi)
• Ke Holdings Inc: -3.86%
• Li Auto: -3.78%
• Affirm Holdings: +6.02% (Morgan Stanley highlights improved customer base)
• Atlassian Corp: +4.15% (announced date for first-quarter fiscal year 2025 results)
• Reddit: +4.3% (initiated coverage at Buy by Jefferies)

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

• Arcadium Lithium: +30.54% (acquisition by Rio Tinto for $6.7 billion)
• Astera Labs: +16.64% (launched first PCIe 6 switch for AI workloads)
• Norwegian Cruise Line Holdings: +7.72% (unveiling of new culinary venue for 2025)
• Delek Logistics Partners: -11.71%
• Scholar Rock: -8.43% (announced upsized public offering)
• Miniso Group: -6.71%
• Helix Acquisition Corp: -6.09%
• Reinvent Technology Partners Y: -5.06%
• Zeekr Intelligent Technology: -4.34%
• GitLab: +4.88%

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

• Helen of Troy Ltd: +21.08% (beat Q2 expectations with strong outlook)
• IDT Corp: +15.77% (reported fourth quarter and full-year results for 2024)
• Biomea Fusion: +8.16%
• Sigma Lithium US: +8.94%
• Byrna Technologies: -15.23%
• Learn CW Investment: -9.33%
• Urogen Pharma: -9.99% (announced new CFO appointment)
• Retrophin: +5.03%
• Array Technologies: +6.29%
• UP Fintech Holding: -7.81%

This snapshot reflects the ongoing volatility and activity in the market, with significant movements across various capitalizations.

Note: This summary captures the movements and trends in the stock market as of Wednesday, focusing on the most notable performances.