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.
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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.
