Each day I go through the top rising and falling stocks today, and look for (a) what the company actually does, and (b) why the stock is moving so much. Hopefully this saves you some digging! Below are my notes from 12 December 2018 as of mid-morning. (This list is limited to companies with market cap >$500 million, and also excludes VIX, short ETFs, etc, as these just reflect the market, rather than individual companies.)
| Today | Company | Driving the stock |
|---|---|---|
| 26% | Qudian Inc. (QD) | Raised guidance and announced share repurchase (Chinese consumer lending) |
| 12% | Zai Lab Limited (ZLAB) | Announced an FDA acceptance (Pharma, based in China) |
| 11% | PPDAI Group Inc. (PPDF) | Unclear, but possibly because Qudian is rising (Chinese consumer lending) |
| 8% | Ciena Corporation (CIEN) | Revenue/earnings beat (Telecom equipment) |
| 8% | Photronics, Inc. (PLAB) | Revenue/earnings beat (Electronics) |
| 8% | General Electric Company (GE) | JPMorgan upgraded, plans to invest in IoT (Industrial conglomerate) |
| Today | Company | Driving the stock |
|---|---|---|
| -30% | Tailored Brands, Inc. (TLRD) | Lowered guidance (Apparel retailer, owns Men's Wearhouse) |
| -17% | XPO Logistics, Inc. (XPO) | Research firm Spruce Point Capital released bearish report (Global transportation) |
| -17% | Uxin Limited (UXIN) | Unclear, volatile against backdrop of deal with Taobao (Chinese used car marketplace) |
| -16% | Yangtze River Port and Logistics Limited (YRIV) | Mixed reactions to its response to a short-seller (Chinese real estate) |
| -11% | Liberty Global plc (LBTYB) | EU is digging into cable deal with Vodafone (International TV and broadband) |
| -11% | Ascena Retail Group, Inc. (ASNA) | Retracing after announcing strong revenue/earnings beat (Children's clothing retailer) |
Submitted December 13, 2018 at 12:24PM by NaturalHedgehog https://ift.tt/2LhDwaQ
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