Check out the companies making the biggest moves midday: PDD Holdings — U.S.-listed shares of the international ecommerce company jumped more than 18% after PDD posted a big earnings and revenue beat . PDD, the parent of Pinduoduo and Temu, reported a whopping 94% year-over-year increase in revenue for its third quarter. The company moved its headquarters to Ireland from China earlier this year. Micron Technology — Micron Technology’s stock fell nearly 3% even after the memory chipmaker boosted its revenue guidance for its fiscal first-quarter. The company said it now expects revenue to approach $4.7 billion, ahead of its previous $4.4 billion guidance, but noted it expects higher adjusted operating expenses. Micron anticipates non-GAAP operating expenses to come in around $990 million, versus its prior guidance of $900 million. Boeing — Shares of the aircraft maker were up about 2% on Tuesday following an upgrade to outperform from RBC Capital Markets. As a catalyst for the move, analyst Ken Herbert cited improving sentiment around the stock as strong demand bolsters investor confidence. Twilio — The enterprise software stock jumped nearly 4% after CNBC reported activist investor Anson Funds has built a stake in Twilio. Anson also sent a letter to Twilio’s board pushing for the sale of the entire business, a person familiar with the matter told CNBC. Crocs — The soft footwear maker climbed 4.5% on the bac …
Article Attribution | Read More at Article Source
[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making the biggest moves midday: PDD Holdings — U.S.-listed shares of the international ecommerce company jumped more than 18% after PDD posted a big earnings and revenue beat . PDD, the parent of Pinduoduo and Temu, reported a whopping 94% year-over-year increase in revenue for its third quarter. The company moved its headquarters to Ireland from China earlier this year. Micron Technology — Micron Technology’s stock fell nearly 3% even after the memory chipmaker boosted its revenue guidance for its fiscal first-quarter. The company said it now expects revenue to approach $4.7 billion, ahead of its previous $4.4 billion guidance, but noted it expects higher adjusted operating expenses. Micron anticipates non-GAAP operating expenses to come in around $990 million, versus its prior guidance of $900 million. Boeing — Shares of the aircraft maker were up about 2% on Tuesday following an upgrade to outperform from RBC Capital Markets. As a catalyst for the move, analyst Ken Herbert cited improving sentiment around the stock as strong demand bolsters investor confidence. Twilio — The enterprise software stock jumped nearly 4% after CNBC reported activist investor Anson Funds has built a stake in Twilio. Anson also sent a letter to Twilio’s board pushing for the sale of the entire business, a person familiar with the matter told CNBC. Crocs — The soft footwear maker climbed 4.5% on the bac …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
