Top Movers

Opera Soars 22%, FuelCell Up 13% Amid Market Jitters

Intraday

By Bill Bullington

6/10, 10:53 EDT
CrowdStrike Holdings, Inc.
Krispy Kreme, Inc.
FuelCell Energy, Inc.
GoDaddy Inc.
GameStop Corporation
KKR & Co. Inc.
Southwest Airlines Company
Opera Limited
PAR Technology Corporation
Planet Fitness, Inc.
Vital Farms, Inc.
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Key Takeaway

  • U.S. equity markets are mixed due to global political risks, with the S&P 500 and Nasdaq 100 down 0.1%, while the Dow Jones remains stable.
  • Notable stock movements include Opera (OPRA) surging 22% on heavy trading volume, FuelCell (FCEL) up 13% on strong Q2 revenue, and Southwest Airlines (LUV) rising 6.7% after Elliott Investment Management's $2 billion stake announcement.

Intraday Top Moves

As of 10:23 a.m. in New York, the U.S. equity markets are experiencing mixed movements influenced by a selloff in European assets due to heightened political risks. This global sentiment has impacted the major indices:

  • S&P 500 Index: Down 0.1%, reflecting cautious investor sentiment.
  • Nasdaq 100: Slips 0.1%, indicating slight pressure on technology stocks.
  • Dow Jones Industrial Average: Little changed, showing stability amid broader market fluctuations.
  • MSCI World Index: Declines 0.2%, mirroring global market concerns.

Tech Sector Highlights

Several tech stocks are making notable moves today:

  • CrowdStrike (CRWD), GoDaddy (GDDY), and KKR (KKR) shares rallied after confirmation that these stocks will join the S&P 500 Index in the latest quarterly weighting change.
  • Opera (OPRA) saw a significant surge of 22%, driven by heavy trading volume.

Energy and Industrials

  • FuelCell (FCEL) shares surged 13% after reporting second-quarter revenue that beat the average analyst estimate.
  • PAR Technology (PAR) shares rose 5.9% following the announcement of selling its government systems unit to Booz Allen for $95 million and entering a pact to sell its Rome research division to NexTech Solutions Holdings for $7 million.

Consumer Goods and Services

  • Krispy Kreme (DNUT) shares jumped 6.2% after being upgraded to buy from hold at Truist Securities, which noted that the overhang from GLP-1 weight-loss drugs is fully reflected in the current valuation.
  • Planet Fitness (PLNT) shares gained 3.1% after Jefferies upgraded the stock to buy from hold, citing a clearer path toward growth.
  • Southwest Airlines (LUV) shares rose 6.7% following a Wall Street Journal report that Elliott Investment Management has built an almost $2 billion stake in the airline.

Biotech and Healthcare

  • Skye Bioscience (SKYE) shares slumped 15% after the company announced it is discontinuing its glaucoma program following a mid-stage study that failed to meet its main endpoint.

Notable Gains and Losses

  • Vital Farms (VITL) shares slid 6% after Board Chairperson Matthew O’Hayer disclosed in an SEC filing that he sold $2.19 million worth of stock.
  • GameStop (GME) shares fell 2.3%, extending losses for a second session after the video-game retailer lost about $6.4 billion in market value on Friday.
  • Lions Gate (LGF/A) shares rose 0.9% after Wolfe Research upgraded the stock to peerperform from underperform.

Key Movers & Takeaway

Today's market movements are heavily influenced by global political risks, leading to cautious trading in U.S. equities. Notable gains in tech and consumer goods sectors highlight investor optimism in specific stocks due to strategic upgrades and positive earnings reports. Conversely, significant losses in biotech and certain consumer stocks reflect the impact of disappointing clinical results and insider selling.

Key Movers Table by Market Cap

LargeCap Movers (>$20B)

Stock Ticker Price Change Key Takeaway
CrowdStrike CRWD +X% Joining S&P 500 Index in latest quarterly weighting change
GoDaddy GDDY +X% Joining S&P 500 Index in latest quarterly weighting change
KKR KKR +X% Joining S&P 500 Index in latest quarterly weighting change
GameStop GME -2.3% Extending losses after significant market value drop

Mid-Cap Movers ($5B-$20B)

Stock Ticker Price Change Key Takeaway
Opera OPRA +22% Surge driven by heavy trading volume
FuelCell FCEL +13% Beat average analyst estimate for Q2 revenue
Krispy Kreme DNUT +6.2% Upgraded to buy from hold at Truist Securities
Southwest Airlines LUV +6.7% Elliott Investment Management builds $2 billion stake
Skye Bioscience SKYE -15% Discontinuing glaucoma program after failed mid-stage study

SmallCap Movers ($50M-$5B)

Stock Ticker Price Change Key Takeaway
PAR Technology PAR +5.9% Sold government systems unit to Booz Allen for $95 million
Vital Farms VITL -6% Insider selling by Board Chairperson Matthew O’Hayer

Top Overbought/Oversold by 14-Day RSI

Overbought Stocks

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Oversold Stocks

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(Note: Replace placeholder text in the RSI tables with actual data if available.)