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Lucid Stock Rises Despite Deep Q1 Loss and Production Cuts
Lucid shares rose 6.5% after unveiling $158M in annual savings from job cuts and shift reductions, but a $1.13B Q1 loss and lowered output highlight demand risks.
Nu Holdings Surges on Needham Buy Rating and US Expansion Prospects
Nu Holdings (NU) stock surged 6.3% after Needham started coverage with a Buy rating and $17 target, highlighting the company's Brazil scale and a possible US launch within 12 months.
Palantir Rebounds 5.5% Ahead of Russell Rebalance; Valuation Gap Narrows
Palantir Technologies (PLTR) jumped 5.5% amid heavy trading ahead of Friday's FTSE Russell reconstitution, recovering $15.2 billion in market value after a seven-session losing streak.
XRP Clings to $1 as Futures Volume Dwarfs ETF Inflows
XRP traded just above $1 after a 7.39% weekly decline, as futures volume of $2.76 billion far exceeded spot ETF inflows of $2.05 million, underscoring the dominance of leveraged trading.
UiPath Shares Rise Amid Index Rebalancing, ARR Growth Concerns
UiPath climbed 4.7% to $10.40 on heavy trading from Russell index rebalancing, yet Q2 net new ARR guidance of $30 million suggests a slowdown from Q1's $49 million, with 32% short interest amplifying risk.
Bitcoin ETFs See Shift in Outflows as BlackRock and Fidelity Lead Selloff
U.S. spot bitcoin ETFs saw $1.16 billion in outflows over two days, led by BlackRock and Fidelity, as bitcoin tests $60,000 support amid inflation and options expiry.
Moderna stock surges $3.3B after unveiling in vivo CAR-T for autoimmune disease
Moderna shares surged 13.9%, adding $3.3 billion in market value after the company unveiled an in vivo CAR-T candidate for autoimmune disease at its Science Day, though near-term sales remain absent.
Bloom Energy Plunges After Russell Index Switch
Bloom Energy shares fell 12.4% to $270.88 after exiting the Russell 2000 for the Russell Top 200, putting its high valuation under scrutiny amid heavy trading volume.
Netflix Surges 5.9% but $175B Valuation Gap Persists Ahead of Q2 Earnings
Netflix shares jumped 5.9% to $75.10, recovering from a 20-month low, but remain well below the $115.82 average analyst target, leaving a $175 billion valuation gap. Q2 earnings on July 16 will be key.
Ondas Shares Surge on Russell 3000 Entry and Resale Filing
Ondas shares jumped to $7.89 as the company joined the Russell 3000 index and filed to register 3.38 million acquisition-linked shares for resale, with daily volume caps.
Bradesco Shares Jump on 1.9% Payout, Loan Loss Concerns Linger
Bradesco shares surged 2.44% on heavy volume as a 1.9% interim dividend drew yield seekers, yet the stock remains 17% below its 52-week high amid rising loan-loss provisions.
Shuttle Pharma Soars on Dogecoin Mining Entry; Volume Spikes 70x
Shuttle Pharmaceuticals jumped 27% on news its United Dogecoin unit bought miners and secured a hydroelectric site, with volume surging 70x.