NVIDIA, Flutter, and HPE Lead Wednesday’s Morning Market Cap Stock Movers

The trading session on Wednesday was characterized by significant fluctuations in the stock market, with some stocks showing considerable gains while others faced declines. Noteworthy performers included NVIDIA, Flutter Entertainment PLC, and Hewlett Packard Enterprise Co, which all saw their stock prices rise. Conversely, Medpace Holdings Inc and Global Payments experienced declines. Here’s a detailed look at key stock movements categorized by market capitalization.

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

• NVIDIA continued to climb (+3.2%) as the CEO ceased selling stock for the time being.

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

• Flutter Entertainment PLC surged (+8.53%) after announcing a $5B buyback plan and projecting doubled profits by 2027.
• Hewlett Packard Enterprise Co gained (+5.54%) as AI and server advancements improved its outlook following an upgrade.
• Medpace Holdings Inc faced a downgrade at Jefferies, resulting in a drop of (-7.21%).
• Global Payments saw a decline of (-7.27%) after being downgraded by William Blair due to growth concerns.
• General Motors experienced a reduction of (-5.59%) following a downgrade at Morgan Stanley.
• Ke Holdings Inc fell by (-5.11%).
• NIO Inc declined by (-4.61%).
• Xpeng Inc dropped (-4.58%).
• Tyson Foods received a downgrade at Piper Sandler, resulting in a (-3.97%) decrease.
• Rivian Automotive also saw a decline of (-5.58%) after being downgraded at Morgan Stanley.

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

• Progress Software exceeded Q3 estimates and raised its full-year outlook, boosting its stock by (+11.93%).
• Vector Acquisition increased by (+11.73%).
• Upstart Holdings Inc rose (+8.18%) following positive comments from Mizuho.
• Biohaven Pharmaceutical Holding Co saw its director purchase $200K in stock, leading to an increase of (+8.16%).
• NVDL gained (+6.48%).
• Masimo Corp climbed (+5.21%) after naming Michelle Brennan as interim CEO and reiterating Q3 guidance.
• Miniso Group Holding Ltd was downgraded to neutral by JPMorgan, resulting in a gain of (+7.24%).
• GDS Holdings Ltd experienced a decline of (-6.57%).
• Phinia fell by (-6.13%).

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

• Pono Capital Two surged (+44.8%).
• Capricor Therapeutics received positive feedback following its data release, increasing by (+21.1%).
• Good Works Acquisition rose (+17.59%).
• Rezolve AI aimed to take advantage of a $1 trillion AI surge, gaining (+17.02%).
• Stitch Fix shares plummeted (-34%) on an earnings miss and weak guidance.
• Intchains ADR fell by (-15.35%).
• Fortrea Holdings declined (-10.72%).
• Catabasis Pharma dropped (-10.4%).
• Target Hospitality reaffirmed its 2024 financial outlook, but its stock fell by (-18.53%).

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