Stock Market Movers: Teva, Sanofi, Quantum Computing, SolarEdge, and Red Cat

Teva Pharmaceuticals and Sanofi saw their shares rise over 23% and 6% respectively after announcing positive Phase 2b results for their joint treatment of moderate to severe inflammatory bowel disease, duvakitug. Pfizer's shares traded around 4% higher following the company's 2025 revenue outlook aligning with Wall Street expectations. Quantum Computing stock soared over 38% to a new 52-week high after being awarded a prime contract by NASA's Goddard Space Flight Center.

SolarEdge Technologies saw its stock jump 21% following Goldman Sachs' upgrade to buy from sell. Red Cat's shares declined 12% after reporting a wider-than-expected fiscal second-quarter loss. Meanwhile, Nvidia and Broadcom's shares fell over 1% and nearly 5% respectively, following their differing performance in previous sessions.

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