Why Jabil Shares Are Trading Lower By 8%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2024
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Source: Benzinga
- Jabil Inc. Third Quarter Results: Jabil Inc. reported third-quarter fiscal 2024 revenue of $6.77 billion, beating analyst estimates, but down by 20.2% year-on-year. The company's adjusted EPS also exceeded expectations.
- Stock Movements: Various stocks experienced significant movements during the mid-day session, with companies like MGO Global, Griid Infrastructure, and Zapp Electric Vehicles Group seeing substantial gains.
- Shares Decline: Several companies witnessed declines in their share prices, including Trevena, Kaival Brands Innovations Group, and Sonnet BioTherapeutics Holdings.
- Notable Upgrades: Bilibili Inc. saw a 7.8% increase in shares after an upgrade from JP Morgan analyst Daniel Chen, while Super Micro Computer, Inc. gained 7% following news related to server racks for a supercomputer.
- Other Market Movements: Companies like Advanced Micro Devices, Inc. and GMS Inc. experienced positive and negative movements, respectively, based on various factors such as financial results and analyst actions.
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.
