Stocks Making Significant Moves Midday: Skyworks Solutions, Axon Enterprise, Dave & Buster's Among Others
Several stocks experienced notable price movements midday due to a mix of earnings reports and corporate announcements. Chipmakers Skyworks Solutions (SWKS) and Qorvo (QRVO) rose by 10% and 7%, respectively, as they rebounded from the previous session's sell-off linked to trade tensions concerns. In contrast, Axon Enterprise (AXON), a Taser manufacturer, fell nearly 9% after announcing $1 billion in convertible senior notes issuance. Dave & Buster's Entertainment (PLAY) dropped sharply by 17%, as its second-quarter results missed revenue and EBITDA estimates with an unexpected loss. Revvity (RVYT) climbed to a new 52-week high, rising nearly 7% after positive guidance from leadership at Baird’s healthcare conference highlighted strong backlogs expected to ship in the coming quarters. Enova International (ENVA), Alignment Healthcare (ALGM), and Sysco also saw significant declines due to regulatory setbacks, operational headwinds, or stock offerings. Meanwhile, Waystar (WYR) rose over 8% after reports suggested it is exploring a potential sale.
Tickers: $ALGM $ALHC $AXON $CHTR $ENVA $PLAY $QRVO $RVTY $SWKS $SYY
Topics: Alignment Healthcare Axon Enterprise Dave & Buster's Entertainment Enova International Qorvo Revvity Skyworks Solutions Sysco