Stock Market Fluctuations: Winners and Losers
Export restrictions, patent disputes, and corporate decisions drive significant changes in stock values.
- ASML Holding N.V. is facing export restrictions to China from the Dutch government on certain machines, causing its stock to fall.
- Baidu Inc. terminated its plan to buy JOYY’s live-streaming operations in China, leading to a decrease in its stock value.
- Tesla Inc. saw an increase in its fourth-quarter vehicle sales by almost 20% due to steep price cuts, resulting in a rise in its stock value.
- Valaris Ltd. announced a multi-year contract with Petrobras offshore Brazil, causing its stock to rise.
- Corcept Therapeutics Inc. lost a patent dispute involving its Cushing’s syndrome drug Korlym with Teva, leading to a decrease in its stock value.
- PNM Resources Inc. saw a decrease in its stock value after Iberdrola’s Avangrid unit terminated its plan to buy the power company.
- Johnson & Johnson declared a first-quarter dividend of $1.19 per share, causing its stock to rise.