Mirion Technologies — The radiation detection company saw its shares fall over 8% after announcing a common stock offering worth $300 million. Additionally, Mirion is selling $250 million in convertible bonds, contributing to investor concerns.
Worthington Steel — This metal processing firm experienced an 8% drop in stock value due to mixed fiscal first-quarter results. Although sales and operating income showed growth compared to the previous year, a decline in production volume raised red flags for investors.
Freeport-McMoRan — Shares of this mining giant slid 5%, adding to a significant 17% drop from Wednesday. The stock has been under pressure following the declaration of force majeure at its Grasberg mine in Indonesia, raising concerns about future operations.
MP Materials — In contrast, this rare earths mining stock surged by 10%. While the exact catalyst for this increase remains unclear, MP Materials has seen a remarkable rise of over 190% this year, attracting investor attention.
Oracle — The database software company fell 5% amid ongoing worries regarding the AI trade. Rothschild & Co Redburn initiated coverage of Oracle with a sell rating, suggesting that the market is “materially” overestimating the company’s contracted cloud revenues. They predict a potential drop of over 40% for the stock.
Intel — Shares rose by 6% following a Bloomberg report indicating that Intel has approached Apple about a potential investment in the chipmaker. The discussions are reportedly in the early stages, which has sparked optimism among investors.
Transocean — The offshore driller’s stock plummeted 12% after announcing plans to sell 125 million shares at a price of $3.05, significantly lower than Wednesday’s closing price of $3.64. This move raised concerns about the company’s financial health.
Opendoor Technologies — Shares of this online real estate platform climbed 7% after trading firm Jane Street disclosed a 5.9% stake in the company. Opendoor’s stock has surged over 400% this year, reflecting growing investor confidence.
Lithium Americas — This mining stock jumped another 17%, building on a massive 95.8% surge from the previous session. The stock’s rise is linked to the Trump administration’s interest in acquiring an equity stake in the Canadian company.
Jabil — Despite reporting an earnings and revenue beat for its fourth quarter, the electronic manufacturing company saw its shares slip 6%. Jabil’s core earnings were $3.29 per share, exceeding the $2.92 consensus estimate, while revenue of $8.25 billion also surpassed expectations.
Stitch Fix — Shares tumbled 17% after the online styling company reported lower adjusted EBITDA for the fourth fiscal quarter compared to the previous year. Additionally, Stitch Fix noted a nearly 8% decline in its active client base year over year.
UniQure — The biotech firm saw its stock soar nearly 9% following positive results from a clinical trial of its experimental gene therapy for Huntington’s disease, which showed promise in slowing the disease’s progression.
CarMax — Shares plummeted 19% after the used car retailer reported disappointing quarterly results. CarMax posted earnings of 64 cents per share in the second quarter, significantly below the anticipated $1.04 earnings per share, with revenue of $6.59 billion missing the $7.01 billion consensus estimate.
— CNBC’s Sarah Min and Alex Harring contributed reporting.
