Why Science Applications International Shares Are Trading Lower By 11%? Here Are Other Stocks Moving In Monday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2024
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Science Applications International Corporation (SAIC):
- Reported a 9% revenue decline in the fiscal first quarter of 2025, leading to an 11% drop in shares.
- Adjusted EPS was $1.92, in line with analyst estimates.
Stock Movements:
- Microbot Medical Inc. and Bio-Path Holdings saw significant stock jumps.
- GameStop Corp. shares climbed after Roaring Kitty shared his position on Reddit.
- Several other companies experienced notable gains, including Professional Diversity Network and MarineMax, among others.
Stock Declines:
- Various companies faced declines, such as CalAmp Corp., Ault Disruptive Technologies Corporation, CNS Pharmaceuticals, and more.
- The Boston Beer Company shares fell following sale speculation reports.
Other Market Updates:
- AMC Entertainment Holdings and Novavax saw gains.
- Dell Technologies reported a decline despite upbeat earnings and sales results.
Industry Developments:
- GSK plc plans to appeal a ruling regarding ranitidine litigation.
- Lattice Semiconductor announced an interim CEO following leadership changes.
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.
