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Nokia Shares Dip as FMR's Voting Stake Slips Below 5% Threshold
Nokia shares edged lower after FMR LLC's voting rights fell to 4.92%, slipping below Finland's 5% disclosure threshold, though its economic stake stayed at 5.20%.
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.
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.
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.
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.
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.
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.