News Formal

Stocks making the biggest moves midday: PDD Holdings, Icahn Enterprises, SolarEdge and more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 17 min. at publisher
  • 📊 Quality Score:
  • News: 62%
  • Publisher: 72%

Breaking News: Markets News

PDD Holdings Inc,Petroleo Brasileiro SA Petrobras,Petroleo Brasileiro SA Petrobras

Several stocks saw large declines on Monday even as the Dow hit a record high.

Here are the stocks making notable moves on Monday. PDD Holdings — Shares of the Temu parent company plunged nearly 30% on disappointing second-quarter results. The China-based online retailer posted revenue of 97.06 billion yuan versus consensus estimates of of 100.17 billion yuan, according to analysts polled by FactSet. Management said pressures on revenue growth are likely to continue due to increased competition.

Boeing — The aerospace stock dipped more than 1% after NASA announced over the weekend that it will leave two astronauts at the International Space Station until February, when they will be able to return via a SpaceX spacecraft. Boeing's Starliner capsule, which was supposed to carry the astronauts, will instead return to earth empty.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: PDD Holdings, Boeing, Planet Fitness and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: Meta Platforms, Qualcomm, Arm Holdings and moreSee which stocks are posting big moves after the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: Hershey, Meta Platforms, Arm Holdings, Shake Shack and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: Alphabet, Flutter, Nu Holdings and moreEarnings results were driving several big moves in after hours trading on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »