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

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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.

 

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