The stock market is always in a state of flux, with companies experiencing ups and downs on a daily basis. Here are some of the biggest movers and shakers in the midday trading session:
1. Southwest Airlines: Shares plummeted 14.86% after the airline announced it was reevaluating its guidance for 2024 due to delivery delays from Boeing. The company also reported weaker than expected first-quarter leisure bookings.
2. Oracle: The database software stock surged 11.75% after posting fiscal third-quarter earnings that beat Wall Street’s expectations. The company also reported a 12% increase in revenue from its cloud services and license support segment.
3. 3M: Shares added 4.97% following the announcement that William Brown will become the company’s new CEO on May 1.
4. Asana: The stock shed 12.72% after issuing weak full-year revenue guidance.
5. Microstrategy: The bitcoin developer gained 7.35% following bullish commentary from Wall Street analysts.
6. Boeing: Shares dropped 4.29% following a report that the company failed multiple audits on its 737 Max jet.
7. Acadia Pharmaceuticals: The stock plunged 17.2% after halting trials of its antipsychotic drug.
8. American Airlines: The airline sank 4.71% after providing first-quarter guidance at the low end of its range.
9. Advance Auto Parts: Shares advanced 3.58% after reaching a settlement with activist investors Third Point and Saddle Point.
10. On Holding: Shares tumbled 8.86% after fourth-quarter earnings fell short of Wall Street’s expectations.
11. Archer-Daniels-Midland: The agriculture giant rose 3.93% after announcing a plan to fix accounting issues and authorizing a $2 billion share buyback.
12. New York Community Bancorp: Shares jumped 5.85% after closing on a more than $1 billion equity investment transaction.
This blog post highlights the constant fluctuations in the stock market and the various factors that can impact a company’s stock price. Stay tuned for more updates on the latest market movers and shakers.
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