Welcome to Extreme Investor Network, where we bring you the latest updates on companies making headlines in the finance world. Today, we’re diving into some notable movements in the market during midday trading.
Cleanspark, a crypto miner, saw its stock plummet over 13% after releasing its mining update for August. The company reported mining 478 bitcoins last month, a decrease from the previous months. On the flip side, Vaxcyte experienced a 36% increase in its shares and hit a record high after positive results from a Phase 1/2 study for its pneumococcal conjugate vaccine candidate.
Unity Software, a video game maker, saw a 6% jump in its shares after an upgrade from Morgan Stanley, citing the company as the clear game engine leader. However, Boeing took an 8% hit following a downgrade at Wells Fargo, with concerns over its free cash flow peaking by 2027.
In the real estate sector, Redfin’s stock surged 5% after an upgrade to buy from neutral at B. Riley Securities, signaling internal improvements and potential growth with lower interest rates. Meanwhile, semiconductor stocks took a hit with KLA and Nvidia leading the slide.
Super Micro Computer saw a 2% increase in its shares after CEO Charles Liang defended the company against misleading claims. On the other hand, United States Steel faced a 5% drop after Vice President Kamala Harris opposed its planned sale to Japan’s Nippon Steel.
At Extreme Investor Network, we strive to provide you with unique insights and valuable information to help you navigate the ever-changing finance landscape. Stay tuned for more updates and expert analysis on the latest trends in the market.