McDonald's and Nvidia lead morning stock movers, with significant drops

From Investing.com: 2024-10-23 10:43:07

Wednesday’s market saw notable fluctuations in various stocks driven by recent news and reactions. Mega-cap stocks like McDonald’s and Nvidia Corp experienced significant shifts. Enphase Energy Inc and CoStar Group also saw considerable changes in stock prices. From mega-caps to small caps, here are some of the biggest stock movers today.

In the mega-cap category, McDonald’s fell -5.05% due to E. coli fears, while Nvidia Corp fell -2.3% despite recent AI-driven gains. Thermo Fisher Scientific reported a -3.31% drop in third-quarter results.

Among large-cap stocks, Enphase Energy slid -13.67% on disappointing Q3 results, while CoStar Group fell -9.97%. Seagate Technology reported -7.79% in fiscal first quarter results, while New Oriental Education & Tech saw a -7.63% decline in shares.

Mid-cap movers included K12 Inc, which saw a +31.18% increase due to strong demand driving record enrollment. Constellium NV reported a -21.63% drop in profit amid demand weakness, and John Bean Technologies Corp beat Q3 estimates with a +10.59% rise.

In the small-cap category, Alto Neuroscience reported a -65.8% setback in a depression drug trial. Upwork exceeded Q3 financial targets with a +22.59% increase, while SolarEdge Technologies Inc fell -11.49%.VICOR Corporation reported a +17.91% increase in Q3 results, while PROG Holdings reported a -9.03% decrease in Q3 results.



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