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Palantir, Merck among Tuesday's market cap stock movers


Published on 2025-02-04 16:21:07 - MSN
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  • Tuesday's market has witnessed significant movements across various stocks, with companies like Palantir Technologies Inc (NASDAQ:PLTR) and Merck & Co (NYSE:MRK) experiencing notable intra-day stock movements.

The article from MSN Money discusses the significant market movements of several companies on Tuesday. Palantir Technologies saw its stock surge by 30.8% after reporting a 20% year-over-year revenue increase and a 60% jump in U.S. commercial revenue, alongside a profit of $0.08 per share. Merck & Co. experienced a 4.9% increase in its stock value following the announcement of a $1.3 billion acquisition of EyeBio, aimed at enhancing its ophthalmology offerings. Conversely, SolarEdge Technologies' stock plummeted by 19.8% due to a reported loss of $1.45 per share, despite a revenue increase, attributed to lower demand and higher inventory levels. Additionally, other companies like Illumina, Lucid Group, and Moderna also saw notable stock price changes, with Illumina dropping 6.5% after a disappointing earnings report, Lucid Group falling 9.1% after missing production targets, and Moderna declining 7.2% due to lower-than-expected sales of its COVID-19 vaccine.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/topstocks/palantir-merck-among-tuesday-s-market-cap-stock-movers/ar-AA1ypEYU ]