Chip Maker Microchip Technology and Insulet Surge Amid Earnings and Buyback Announcements.
Saturday, May 10, 2025 8:12 pm ET
Microchip Technology's stock surged 10% after raising its sales forecast and predicting a chip industry rebound. Insulet's stock rose 20% on strong revenue and new share buybacks. Affirm and Lyft also saw gains. Expedia's stock was flat.
Title: Microchip Technology, Insulet, and Other Stocks Show Mixed PerformanceMicrochip Technology (MCHP) shares surged 10% on Friday, following the company's better-than-expected forecast and analysts' upward revisions in price targets. The stock, trading near $55, has lost about 40% of its value over the past year but showed signs of recovery with the positive outlook [1].
Insulet Corporation (PODD) also saw a significant increase in its stock price, up 20% after reporting strong revenue and share buybacks. The company's Q4 2024 earnings showed EPS of $1.15, beating expectations by 11.7%, and revenue of $597.5 million, exceeding forecasts by 2.5% [3].
Affirm Holdings (AFRM) and Lyft Inc. (LYFT) also saw gains in their stock prices. Affirm's stock rose 12% while Lyft's stock increased by 8%. These gains can be attributed to positive earnings reports and strong market performance [1].
Expedia Group Inc. (EXPE) saw its stock remain flat, with no significant changes in its price. The company's recent financial reports and market performance have not shown substantial movement in the stock price [1].
These developments highlight the varied performance of stocks within the technology and financial sectors, with some companies experiencing significant gains while others remain stagnant. Investors should continue to monitor these trends closely for potential investment opportunities.
Ask Aime: Gains for Microchip, Insulet, and Affirm; Flat for Expedia.