Welcome to Extreme Investor Network, where we bring you the latest and most valuable information in the world of finance. Today, we are excited to share with you some key highlights from the companies making waves in midday trading.
Moderna, the vaccine maker, saw a 3% pullback after a downgrade to underweight from JPMorgan. This was due to changes in revenue forecasts that could impact the stock’s performance moving forward. On the other hand, Oracle rose nearly 2% after raising its fiscal 2026 revenue outlook and issuing strong guidance for fiscal year 2029.
Aptiv PLC, an auto parts company, saw a 3% climb after CEO Kevin Clark bought 30,000 shares earlier in the week. RH, a home furnishings retail company, jumped 25% following a stronger-than-expected second quarter report. Uber also saw a 5% increase in shares after announcing plans to expand its partnership with Alphabet’s Waymo.
In contrast, Adobe shares tumbled 9% after issuing weaker-than-expected guidance for the current quarter, despite beating fiscal third-quarter estimates. Boeing slid 4% due to factory workers going on strike and rejecting a new labor contract.
Unity Software, a game engine company, added nearly 7% after Stifel raised its price target on the stock. Meanwhile, e-commerce stocks Etsy and Wayfair each advanced 7% following the Biden administration’s plans to close trade loopholes. However, China-based PDD Holdings saw a slip of over 3%.
Real estate brokerage firm Redfin surged 21% as investor interest rose in anticipation of a rate cut from the Federal Reserve. Warner Bros. Discovery also saw a 9% increase in shares after entering an early renewal agreement with Charter Communications.
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