Why NetEase Shares Are Trading Lower? Here Are Other Stocks Moving In Friday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 24 2024
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- NetEase, Inc. NTES Q1 Earnings: NetEase reported a 7.2% revenue growth in the first quarter of 2024 but missed analyst estimates, causing its shares to fall by 4%.
- Stock Movements: Various stocks experienced significant movements during the mid-day session, with Akanda Corp., OneMedNet Corporation, and others seeing notable gains.
- Stock Declines: Verastem, Inc., Sensei Biotherapeutics, and other companies witnessed declines in their stock prices due to various announcements and events.
- Analyst Upgrades and Downgrades: Magnite, Inc. received an upgrade from B of A Securities analyst, while Immunocore Holdings plc faced a dip despite positive analyst sentiment.
- Company Reports: Workday, Inc. posted strong earnings for the first quarter but lowered its forward guidance, impacting its stock price, while Intuit Inc. reported better-than-expected earnings but issued weak guidance for the current quarter.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
