In overnight trading, several major stocks swung sharply following earnings reports and deal news.
Biggest Gainers
Sarepta Therapeutics (SRPT): +47% after regulators cleared it to resume shipments of its Duchenne muscular dystrophy treatment, Elevidys.
Cadence Design Systems (CDNS): +6% after beating Q2 earnings estimates.
Norfolk Southern (NSC): +3% as it nears a stock-and-cash deal with Union Pacific.
Biggest Decliners
Whirlpool (WHR): -14% after Q2 earnings missed expectations, marking one of its steepest drops this year.
Nucor (NUE): -5% despite higher sales as Q2 profits slipped.
Bitmine Immersion Technologies (BMNR): -11.8% as Ethereum-related stocks extended losses.
SharpLink Gaming (SBET): -4% following broader weakness in gaming and crypto-linked names.
Crypto Watch
Ethereum (ETH): Treasury-linked stocks continued to slide, signaling persistent investor caution in the crypto sector.
Takeaway: SRPT’s massive rally led biotech gains, while WHR’s earnings miss weighed on consumer goods. Investors are also watching NSC’s potential deal with Union Pacific, which could reshape the rail industry landscape.
Comments
Post a Comment