Equity markets experienced a volatile session on Thursday, with price action driven largely by company-specific news and earnings- or trial-related developments. Across the market-cap spectrum, individual stocks posted some of the largest percentage moves of the day, ranging from double-digit rallies to steep losses.
Mega-cap movers
- Lam Research (LRCX); -6.91%
- Applied Materials (AMAT); -5.08%
- Micron Technology (MU); -4.33%
- Facebook (META); -4.36%
- Intel (INTC); -3.46%
- Advanced Micro Devices (AMD); -3.51%
- Palantir Technologies (PLTR); Bain & Company expands Palantir partnership for AI services; -2.6%
- Alibaba (BABA); -2.41%
- KLA-Tencor (KLAC); -4.13%
Large-cap movers
- Fundrise Innovation Fund (VCX); -21.87%
- Applovin (APP); -9.93%
- Lumentum Holdings (LITE); Lumentum to open InP manufacturing facility in North Carolina; -6.34%
- Amkor Technology (AMKR); -4.91%
- TTM Technologies (TTMI); -4.48%
- EchoStar Corp (SATS); -4.59%
- Advanced Energy (AEIS); -5.15%
- JBS NV (JBS); +8.25%
- Best Buy (BBY); Best Buy (BBY) gains on speculation; +6.06%
- Regencell Bioscience Holdings (RGC); +5.01%
Mid-cap movers
- Wave Life Sciences (WVE); Wave Life Sciences reports obesity drug trial results; -54.4%
- ADMA Biologics (ADMA); Cantor downgrades ADMA Biologics stock rating on short report concerns; -16.2%
- Pony Ai (PONY); -11.5%
- Vicor Corp (VICR); -6.95%
- Camtek Ltd (CAMT); -6.23%
- FormFactor (FORM); -3.95%
- Celcuity (CELC); +4.29%
- Marathon Pa (MARA); MARA Holdings to repurchase $1B in convertible notes at discount; +10.93%
- United Natural Foods (UNFI); +7.39%
- Navan Inc (NAVN); Navan beats Q4 estimates, shares soar 16% on strong guidance; +23.99%
Small-cap movers
- Kodiak Sciences (KOD); Kodiak Sciences reports positive GLOW2 trial results for Zenkuda; +54.51%
- Olaplex Holdings (OLPX); Henkel to acquire Olaplex for $1.4 billion in cash deal; +50.75%
- Intrexon Corp (PGEN); +27.26%
- One and One Green Tech Ltd (YDDL); +27.68%
- Retail Value (RVI); +12.31%
- Swarmer Inc (SWMR); +20.56%
- Worthington Steel (WS); Worthington Steel tumbles on earnings miss and weak results; -12.88%
- WhiteFiber (WYFI); WhiteFiber stock tumbles 11% as fourth quarter loss widens; -11.98%
- Roma Green Finance (ROMA); -5.46%
- Herman Miller (MLKN); MillerKnoll shares plunge 14% worse-than-expected Q3 results, guidance miss; -22.65%
The moves on Thursday were heterogeneous across capitalizations and sectors. Semiconductors and semiconductor-equipment names dominated the list of declines among mega-cap issuers, led by Lam Research and Applied Materials. Within large caps, several technology-related and manufacturing stocks recorded mid-single-digit drops, while food processor JBS and consumer electronics retailer Best Buy posted gains on distinct catalysts. Mid- and small-cap lists reflected the greatest breadth of company-specific news: clinical trial outcomes, acquisition announcements and corporate financing actions produced some of the largest single-day percentage changes.
Notable event-driven items included Wave Life Sciences reporting obesity drug trial results and Kodiak Sciences reporting positive GLOW2 trial results for Zenkuda. ADMA Biologics saw a downgrade tied to concerns raised in a short report, while Olaplex rose sharply on a cash acquisition agreement with Henkel. Navan's upside was attributed to beating fourth-quarter estimates and providing strong guidance.
Investors should note that the session's headline moves were concentrated in a mix of sectors: semiconductors and semiconductor equipment, biotechnology and pharmaceuticals, retail and consumer goods, and food processing. Each of these sectors saw at least one company post material intraday volatility tied to news or corporate actions.