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.
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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.
