Hologic and Doximity Stocks Surge; Trade Desk and Plug Power Shares Plunge Amid Market Shifts
Medical device maker Hologic outperformed analysts' earnings expectations, while alternative energy company Plug Power warned of potential financial collapse within a year.
- Medical device maker Hologic (HOLX) saw its stocks rise by $3.81 to $71.01, outperforming analysts' earnings and revenue expectations for the fiscal fourth quarter.
- Doximity Inc. (DOCS), a medical social networking site, also experienced a surge in its stocks, up $2.52 to $23.02, after raising its revenue forecast for its fiscal year.
- Digital-advertising platform Trade Desk Inc. (TTD) shares plunged by $13.25 to $63.56 following a weak revenue forecast for the current quarter.
- Alternative energy company Plug Power Inc. (PLUG) suffered a significant decline in stocks, down $2.56 to $3.38, after warning investors of potential financial collapse within the next 12 months.
- Other companies such as Illumina Inc., Unity Software Inc., Groupon Inc., and Flowers Foods Inc. also presented substantial price changes and trading volume, reflected in fluctuating stock values.