Energy Giants Chevron and Exxon Experience Decline Among Wednesday’s Afternoon Market Cap Movers

On Wednesday, the stock market is experiencing significant fluctuations, with major energy companies Chevron and Exxon Mobil facing declines. Meanwhile, NVIDIA, Duolingo, and Vistra Energy Corp are among those seeing gains. Below is an overview of notable intra-day stock movements, particularly within the mega-cap and large-cap categories.

Mega-Cap Movers:

• Chevron: -2.46%; decreasing due to lower oil prices
• Exxon Mobil: -2.29%; impacted by lower oil prices
• Thermo Fisher: -2.22%
• NVIDIA: +2.1%; shares rise as the CEO halts selling of stock for the time being

Large-Cap Stock Movers:

• Medpace Holdings Inc: -8.63%; downgraded by Jefferies
• Duolingo: +5.84%; Wall Street raises price targets following a significant event
• DraftKings: +6.57%; shares increase after an update from competitor Flutter
• Vistra Energy Corp: +6.63%
• Flutter Entertainment: +6.06%; projected to see doubled profits by 2027, announces a $5 billion buyback plan
• Global Payments: -6.03%; downgraded to Neutral by BTIG following preliminary guidance
• General Motors: -5.41%; downgraded by Morgan Stanley
• Rivian Automotive: -5.87%; also downgraded by Morgan Stanley
• Amgen Inc: -4.82%; shares fall after disappointing updates on a product
• Reinvent Technology Partners Y: +7.38%

Mid-Cap Stock Movers:

• Celldex Therapeutics: -17.36%; reports results from a recent study
• Progress Software: +13.53%; beats Q3 estimates and raises full-year outlook
• Vector Acquisition: +13.85%
• Novavax: -8.58%; appoints a new Executive Vice President of Research & Development
• Biohaven Pharmaceutical Holding Co: +7.77%; insiders engage in buying
• 10X Genomics Inc: -7.62%
• Crane NXT: -7.08%
• Rubrik: -5.54%
• Phinia: -7.4%

Small-Cap Stock Movers:

• Armada Acquisition I: +61.3%; set to leverage the anticipated $1 trillion AI surge
• Stitch Fix: -38.27%; shares drop 13% due to an earnings miss and weak guidance
• Pono Capital Two: +21.12%
• Capricor Therapeutics: +33.1%
• Target Hospitality: -19.72%; reaffirms 2024 financial outlook
• Amplitude Healthcare Acquisition: -15.41%
• Cipher Mining: +12.21%; shares initiated with an Outperform rating
• AVROBIO: +16.54%
• Hallador Energy Corp: +16.68%

For real-time, market-moving updates, consider joining investment news platforms.

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