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Reddit Surges 14% on Short Interest Spike and Ad Revenue Growth
Markets Daniel Marsh

Reddit Surges 14% on Short Interest Spike and Ad Revenue Growth

Reddit shares surged 14% Wednesday as short interest climbed and the company's ad revenue growth continues to improve.

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Walmart Slumps 4% on Weak Sales Data, $38B Market Cap Erased
Markets Daniel Marsh

Walmart Slumps 4% on Weak Sales Data, $38B Market Cap Erased

Walmart shares tumbled 4.2% after Cleveland Research reported weaker U.S. comparable sales trends, erasing $38 billion in equity value. The selloff was stock-specific, with other retailers trading flat or higher.

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Nu Holdings stock gains on heavy volume, nearing buyback limit
Markets Daniel Marsh

Nu Holdings stock gains on heavy volume, nearing buyback limit

Nu Holdings shares rose 1.16% on heavy volume, with dollar turnover hitting 64% of its $1 billion buyback authorization, outperforming the Brazil ETF.

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Constellation Energy Drops 5.8% as Share Overhang Looms Despite PJM Heat Wave
Markets Daniel Marsh

Constellation Energy Drops 5.8% as Share Overhang Looms Despite PJM Heat Wave

Constellation Energy shares slid 5.8% Wednesday, pressured by a looming share overhang despite PJM preparing for record power demand amid a heat wave.

CEG XLU SPY
Micron Plunges 9.8% Despite GM Deal; Memory Stocks Under Pressure
Markets Daniel Marsh

Micron Plunges 9.8% Despite GM Deal; Memory Stocks Under Pressure

Micron shares dropped 9.8% despite a long-term supply agreement with GM, wiping out about $130 billion in market value. The selloff hit memory and storage stocks broadly.

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UiPath Surges 8% on Heavy Volume Amid High Short Interest
Markets Daniel Marsh

UiPath Surges 8% on Heavy Volume Amid High Short Interest

UiPath (PATH) shares surged 8% on heavy volume, with short interest at 32% of float. The rally outpaced software ETFs, driven by buybacks and short-covering dynamics.

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Nike Stock Surges on $986M Tariff Refund Boosting Earnings
Earnings James Calloway

Nike Stock Surges on $986M Tariff Refund Boosting Earnings

Nike shares jumped 2.4% after a $986 million tariff refund lifted earnings to $0.72 per share, but sales declines in key segments tempered optimism.

NKE SPY
AT&T Shares Slip as SpaceX Disruption Fears Weigh on Telecom Sector
Markets Daniel Marsh

AT&T Shares Slip as SpaceX Disruption Fears Weigh on Telecom Sector

AT&T shares fell 0.3% as speculation of a SpaceX-Charter partnership rattles telecoms. T-Mobile gained 3.4%, while Verizon slipped 0.8%.

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Hims & Hers Shares Surge on Canaccord Upgrade Amid GLP-1 Shift
Markets Daniel Marsh

Hims & Hers Shares Surge on Canaccord Upgrade Amid GLP-1 Shift

Hims & Hers shares climbed 9.5% to $37.97 after Canaccord Genuity raised its target to $40, reflecting a 25% bump. The company's GLP-1 strategy and Medicare's new Bridge program are reshaping the weight-loss drug market.

HIMS NVO LLY CI
Intel Stock Tumbles 7.7%, Still Trading Above Analyst Targets
Markets Daniel Marsh

Intel Stock Tumbles 7.7%, Still Trading Above Analyst Targets

Intel shares dropped 7.7%, erasing $54.7B in market value, but still trade 37% above the average analyst target. Q2 earnings are set for July 23.

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Linkhome Shares Surge on Mortgage One Acquisition and GPU Lending Launch
Markets Daniel Marsh

Linkhome Shares Surge on Mortgage One Acquisition and GPU Lending Launch

Linkhome Holdings (LHAI) shares surged over 100% on heavy volume after closing the Mortgage One acquisition and launching a GPU financing unit.

LHAI
SpaceX Short Sellers Test Nasdaq-100 Inflows After 6% Drop
Markets Daniel Marsh

SpaceX Short Sellers Test Nasdaq-100 Inflows After 6% Drop

SpaceX shares dropped 6% amid record short interest of 196 million shares, with Nasdaq-100 inclusion set for July 7 potentially driving $4.3 billion in passive inflows.

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