Stocks · News reference
PayPal, Veradermics, Alibaba And Other Big Stocks Moving Higher On Wednesday
US stocks close higher, Dow Jones up 100 points, PayPal shares rise on $53 billion acquisition proposal, other big gains from Aehr Test, Electrovaya, Robo.ai, Falcon's Beyond, Veradermics, Lucid Group, Kopin, MINISO, Mesoblast, Nexstar, Lionsgate, Karman.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Quanex Building Products, Concrete Pumping, SanDisk And Other Big Stocks Moving Higher On Friday
U.S. stocks mostly fell, but Quanex surged 16.6% after beating earnings and sales estimates; Reading, BBCP, Astera Labs and others also gained.
Aehr Test Systems Insider Sells $847,000 Worth of Stock
Vernon Rogers, Executive VP of Sales & Marketing at Aehr Test Systems, sold 5,994 shares worth $847,000 at $141.34 per share. The sale represents only a 3% reduction in his direct holdings, with Rogers retaining 186,232 shares valued at $27.1 million. The transaction occurred after the stock surged 695% over the past 12 months, and analysts view this as routine profit-taking rather than a sign of concern about the company's future.
Shares of semiconductor and chip companies are trading lower, possibly after Federal Reserve Chairman Warsh's comments on inflation and prices raised rate-hike concerns. The sector may be facing pressure from peer Marvell Technology, as the company pulls back after its FY28 guidance may have failed to meet investor expectations.
Robo.ai shares are trading lower after the company announced that, following its June 15 acquisition of QC Capital, revenue for June-August 2026 totalled over $180 million, largely driven by the new unit.
Robo.AI Reports More Than US$180M In Revenue For June-August Period