Why American Eagle Outfitters Shares Are Trading Lower? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2024
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- American Eagle Outfitters: Reported first-quarter results with adjusted earnings of 17 cents per share and revenue of $1.143 billion, below analyst estimates, causing shares to fall by 4.5%.
- Stocks on the Rise: Various companies saw stock price increases, including Cue Health, Smart for Life, Faraday Future Intelligent Electric, and others.
- Stocks on the Decline: Companies like Maxeon Solar Technologies, UiPath Inc., Salesforce, and others experienced significant drops in their stock prices.
- Market Highlights: Foot Locker, American Superconductor Corporation, HP Inc., and other companies witnessed notable stock price gains following positive financial reports.
- Analyst Actions: JP Morgan downgraded Noah Holdings Limited, while Baird initiated coverage on Alignment Healthcare, among other analyst actions in response to recent financial updates.
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.
