Stocks Making Significant Moves Midday: Dick's Sporting Goods, Marvell Technology, AMD, Kura Oncology Among Others
Several stocks experienced notable price movements midday due to a mix of earnings reports and analyst upgrades. Dick’s Sporting Goods saw its shares plunge over 27% after missing revenue expectations with $5.59 billion in sales versus the anticipated $5.65 billion, citing challenges in footwear demand. On the positive side, Dynatrace rose nearly 3% following an upgrade to overweight by Morgan Stanley, which anticipates strong growth and margin expansion ahead. Moderna’s stock surged over 13%, continuing its upward trend from last week after a successful cancer vaccine trial with Merck led to a Wolfe Research upgrade. Semiconductor stocks also gained traction: Marvell Technology climbed nearly 5% as Susquehanna and Rosenblatt raised price targets, while AMD rose 5% following an upgrade by Raymond James. The broader chip sector saw gains, including Intel and Nvidia.
Tickers: $AMD $DKS $DT $FORTY $INTC $KURA $MRNA $MRVL $NVDA $NVTS