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DraftKings Debuts $200 Bonus Bets as Stock Dips 3.9%
DraftKings rolls out a $200 bonus bet offer for new users as Q2 revenue fell 5% and marketing spend rose 38%. Shares dropped 3.9% on Wednesday.
Boston Scientific Plunges 3.4% on Cyberattack Disrupting Operations
Boston Scientific (BSX) shares dropped 3.4% after a global cyberattack disrupted order processing and shipping, erasing $2.5 billion in market value. Analysts estimate up to $369 million in Q3 revenue could be at risk.
SolarEdge Soars 10.7% on FCC Inverter Rule, UBS Upgrade
SolarEdge shares surged 10.7% after UBS upgraded the stock to Buy, citing FCC restrictions on foreign inverters as a key growth driver. The rally added $197 million to market value.
Abercrombie & Fitch Soars on Record Q2, Raised Guidance
Abercrombie & Fitch shares surged 35.7% after record Q2 revenue and an improved full-year forecast, adding $1.73 billion to market value.
Apple's Market Cap Jumps $52B on iPhone Event Optimism
Apple shares climbed 1.15% to $313.45, boosting market cap by $51.8B as investors await the September 9 event, likely to reveal the iPhone 18 and possibly a foldable device.
Nike Hits 2014 Low as Truist Downgrades on Weak Retail Trends
Nike shares dropped 2.25% to $38.59, hitting a 2014 low, after Truist downgraded the stock to Hold and cut its price target to $42, citing soft footwear trends at key retailers.
Wendy's Plunges 13% After Trian Says No Takeover Bid Coming
Wendy's shares dropped 13.27% after Trian Fund Management said it won't make an offer, erasing $229 million in market value.
NuScale Shares Slide 5.5% as AI Gains Fail to Offset Revenue Gap
NuScale Power shares dropped 5.5% on Wednesday, erasing AI-driven gains, as investors weighed efficiency improvements against a 99% revenue decline and rising R&D costs.
Netflix's 'Emily in Paris' Finale Set for December 24; Stock Slips 0.9%
Netflix will premiere the sixth and final season of 'Emily in Paris' on December 24. Shares dropped 0.9% to $81.46, wiping out $3.2 billion in market value.
SpaceX Stock Climbs 1.2% on $100B Louisiana Starbase Plan
SpaceX shares gained 1.2% after unveiling a $100 billion Louisiana spaceport, equal to its Q2 liquidity. The facility will support Starship and Starlink launches starting in 2029.