Lumentum Gains, Apple Falls, AMC Entertainment Soars
About this episode
This episode discusses the biggest stock market movers, including Lumentum's gains, Apple's decline, and AMC Entertainment's surge.
Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - Laser and optics hardware maker Lumentum (LITE) gained 5.9% to $775.87, placing it near the top of the S&P 500. Barclays upgraded Lumentum to Overweight from Equal Weight and reiterated a price target of $1,000. That endorsement, coupled with a resurgence across AI hardware stocks on Monday, gave the optical networking supplier a lift. - Apple (AAPL) stock slid early Monday as traders digested the latest "most valuable company" back-and-forth with Nvidia and weighed it against a firmer risk tone, with S&P 500 futures up about half a percent. The iPhone maker briefly overtook Nvidia as the world’s most valuable company as investors favored Apple’s lighter AI spending model, China AI progress and stronger product outlook. - AMC Entertainment (AMC) shares soar as much as 20% in premarket trading reported strong adjusted Ebitda for the second quarter that beat the average analyst estimate. See omnystudio.com/listener for privacy information.
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