Stocks Moving Up and Down: DXP, Commvault Systems, Light & Wonder, SoundHound AI, Universal Health Services

Stocks making big moves yesterday include DXP, Commvault Systems, Light & Wonder, SoundHound AI, and Universal Health Services. DXP fell 3.5% after a recent rally, Commvault rose 3.2% after a Guggenheim upgrade, Light & Wonder rose 3.2% after a Truist Securities analyst raised the price target, SoundHound AI rose 4.9% after a collaboration with Peter Piper Pizza, and Universal Health Services fell 3.6% after a BofA Securities downgrade.

Stocks Making Big Moves Yesterday

Yesterday saw significant movements in several stocks across various sectors. Here is a rundown of the key performers:

DXP Enterprises (DXPE)
DXP Enterprises closed the most recent trading day at $97.23, moving -2.13% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.32% for the day. Elsewhere, the Dow gained 0.53%, while the tech-heavy Nasdaq added 0.26%. The stock of industrial products supplier has risen by 26.82% in the past month, leading the Industrial Products sector's gain of 6.49% and the S&P 500's gain of 4.51%. The upcoming earnings release of DXP Enterprises will be of great interest to investors [3].

Commvault Systems (CMVT)
Commvault Systems rose 3.2% after a Guggenheim upgrade. The upgrade cited the company's strong fundamentals and growth prospects, contributing to the positive stock movement [1].

Light & Wonder (LW)
Light & Wonder rose 3.2% after a Truist Securities analyst raised the price target. The analyst highlighted the company's innovative technology and strong market position as key drivers for the upward movement [1].

SoundHound AI (SOUN)
SoundHound AI rose 4.9% after a collaboration with Peter Piper Pizza. The collaboration is expected to boost the company's revenue and market presence, leading to the stock's increase [1].

Universal Health Services (UHS)
Universal Health Services fell 3.6% after a BofA Securities downgrade. The downgrade was based on concerns about the company's financial performance and market outlook, resulting in the stock's decline [1].

These movements reflect the dynamic nature of the stock market, driven by a variety of factors including earnings reports, analyst upgrades and downgrades, and strategic partnerships. Investors should closely monitor these companies and stay informed about any upcoming developments that could impact their stock prices.

References:
[1] https://finance.yahoo.com/news/stocks-making-big-moves-yesterday-130038757.html
[3] https://www.nasdaq.com/articles/dxp-enterprises-dxpe-stock-dips-while-market-gains-key-facts