declined slightly Thursday but not as much as the 3.5% drop in shares of
Nvidia
,
which allowed software giant
to again take the crown as world’s most valuable company. Microsoft finished Thursday with a market value of $3.31 trillion, better than Nvidia’s $3.22 trillion. Nvidia’s fall on Thursday mirrored that of other chip stocks as investors took profits in high-flying tech shares.
In premarket trading, Microsoft was down 0.2% to $444.96, Nvidia declined 1.1%, and
Apple
,
the third-most-valuable company, fell 0.3%. Analysts at Citi raised their price target on Microsoft to $520 from $495 and maintained their Buy rating.
Trump Media & Technology Group
was rising 1.8% in premarket trading. The parent company of former President Donald Trump’s Truth Social platform fell 15% on Thursday and has declined for five straight trading sessions, losing 34% over that span. The Securities and Exchange Commission this week signed off on the company’s registration statement and on the resale of shares and warrants.
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surged 34% after saying the Food and Drug Administration approved an expansion to the indications for Elevidys, the company’s treatment for Duchenne muscular dystrophy. Sarepta said the drug was approved for ambulatory and non-ambulatory people, who are at least 4 years old, and with a confirmed mutation in the DMD gene.
was rising 6.3% in premarket trading, extending Thursday’s gain of 8.5%, after the biopharmaceutical company said a Phase 3 trial of its twice-yearly HIV prevention treatment was found to be 100% effective.
said fourth-quarter sales at the gun maker rose 9.9% from a year earlier and CEO Mark Smith said the company continues to “expect healthy demand overall for firearms in fiscal 2025.” But the stock fell 4% in premarket trading after Chief Financial Officer Deana McPherson told analysts on a conference call that the company expects first-quarter sales to be down about 10% “from the prior year quarter in terms of units and dollars as growth in long guns partially offsets a decline in handguns.”
Earnings reports are expected Friday from
and
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was down 0.5% ahead of its report, while FactSet dipped 0.2%.
Write to Joe Woelfel at joseph.woelfel@barrons.com
Microsoft, Nvidia, Trump Media, Sarepta, Gilead, CarMax, and More Stock Market Movers #Microsoft #Nvidia #Trump #Media #Sarepta #Gilead #CarMax #Stock #Market #Movers
Source Link: https://www.barrons.com/amp/articles/stock-market-movers-2767ed3b
Microsoft, Nvidia, Trump Media, Sarepta, Gilead, CarMax, and More Stock Market Movers – Information Global Internet – #Market – BLOGGER – Market, CarMax, Gilead, Global, Information, Internet, Market, Media, Microsoft, Movers, Nvidia, Sarepta, Stock, Trump
Microsoft declined slightly weekday but not as such as the 3.5% modify in shares of Nvidia , which allowed code giant Microsoft to again verify the honor as world’s most priceless company. Microsoft ended weekday with a mart continuance of $3.31 trillion, meliorate than Nvidia’s $3.22 trillion. Nvidia’s start on weekday mirrored that of another …
