Stocks Making Significant Moves Midday: Generac, Intuit, Shake Shack, Marvell, HPE Among Others
Several stocks saw significant midday movements due to a mix of positive and negative news. Generac rose nearly 6% after securing an order for backup power systems from a major data center operator, while Intuit dropped almost 9% following a Goldman Sachs downgrade. Shake Shack cut its earnings outlook, leading to a 10% decline in shares. Optical stocks surged due to increased AI demand at Hewlett Packard Enterprise.
Tickers: $COHR $GLW $GNRC $HPE $INTU $LITE $MRVL $SHAK $USAR $VSCO
Topics: analyst_downgrades earnings guidance_changes M&A_announcements