icon
icon
icon
icon
Upgrade
icon

Top Movers of the Day

AInvestMonday, Aug 12, 2024 4:50 pm ET
1min read

Stocks were mostly flat on Monday as investors awaited key economic data, including the July PPI and CPI reports, to assess the Fed's potential rate cuts. The S&P 500 and Dow Jones hovered near unchanged, while the Nasdaq saw a slight uptick, driven by semiconductor gains. Geopolitical tensions and mixed economic signals kept market sentiment cautious, with the likelihood of a Fed rate cut in September increasing. 

Here are the top movers of the day:

  • JetBlue: Shares dropped over 20% after announcing a $400 million convertible note offering and credit rating downgrades.

  • Hawaiian Electric Industries: Fell 14% due to lack of a financing plan for a $1.7 billion settlement and a $1.3 billion Q2 net loss.

  • KeyCorp: Surged 9% as Scotiabank took a minority stake, boosting its shares.

  • Monday.com: Rose 14% after beating Q2 earnings and revenue expectations.

  • Marathon Digital: Declined 11% after announcing a $250 million debt offering.

  • Starbucks: Increased 2% as activist investor Starboard Value built a stake.

  • Qualcomm: Lost 1% following a downgrade by Wolfe Research.

  • Robinhood: Gained 3.5% after an upgrade by Piper Sandler.

  • Par Technology: Added 1.5% after a Jefferies upgrade.


Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.