Midday trading highlighted significant movements among various companies. eBay saw shares surge nearly 9.7% to reach a 52-week high after Meta announced testing of eBay listings on Facebook Marketplace, benefiting its sales. Conversely, Edison International’s stock plummeted over 10.5% amid wildfires in Los Angeles, marking its worst trading day since March 2020. Getty Images experienced a dramatic 21% drop after previously soaring 24% due to its $3.7 billion merger announcement with Shutterstock, which also fell around 12%. SolarEdge Technologies shares declined by 11.7% following a downgrade from Citi, citing high operating costs. Quantum computing stocks faced heavy losses as Nvidia’s CEO indicated the technology’s long-term prospects. Maplebear, known as Instacart, gained over 4% ahead of its S&P MidCap 400 index addition. AAR Corp saw a stock increase of 9% after exceeding earnings expectations. Meanwhile, Palantir Technologies dropped over 4% amidst coverage downgrade concerns. Other notable movements included Boston Scientific’s 4% gain on its acquisition announcement, Shell’s 2% decline from lowered production outlooks, and a remarkable 104% surge for Accolade after a buyout announcement. Overall, trading reflected volatility across multiple sectors.
