eBay shares surged 9.7%, reaching their highest point in 52 weeks after announcing that Meta is testing the integration of its listings on Facebook Marketplace. Transactions initiated on Facebook will be redirected to eBay for completion. This boost propelled the stock towards its best performance since late 2022. Edison International experienced a decline of over 10.5% as thousands evacuated the Los Angeles area due to wildfires ravaging homes and infrastructure.
This downturn positioned the California-based utility for its worst trading day since March 2020. Getty Images shares plummeted 21%, reversing an earlier surge of over 24% the previous day. On Tuesday, Getty announced a $3.7 billion merger with Shutterstock. Following this announcement, Shutterstock shares also declined by approximately 12% after a 14.8% increase the day before. SolarEdge Technologies shares decreased by 11.7%, following Citi's downgrade from neutral to sell. The bank cited the company's 'stubbornly high' operating expenses despite restructuring efforts. Despite this, the stock had experienced gains of over 6% and 8% on Monday and Tuesday, respectively, after SolarEdge disclosed a plan to cut 400 jobs in a SEC filing. Quantum computing stocks fell after Nvidia CEO Jensen Huang suggested the technology is likely decades away. Rigetti Computing and D-Wave Quantum shares dropped by over 45% each, while Quantum Computing fell by 49%. IonQ also declined by 45%. Maplebear, the grocery delivery company operating as Instacart, increased by over 4% ahead of its inclusion in the S&P MidCap 400 index, effective January 14th. Maplebear is set to replace Enovis in the index. AAR Corp, an aviation services provider, saw its shares rise by 9% following the company's exceeding earnings and revenue expectations for its fiscal second quarter. During this period, AAR reported adjusted earnings of 90 cents per share on revenue of $686.1 million
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