All articles tagged with #axon enterprise
MicroStrategy Inc., Palantir Technologies Inc., and Axon Enterprise Inc. are set to join the Nasdaq 100 Index, replacing Illumina Inc., Super Micro Computer Inc., and Moderna Inc. These changes will take effect before the market opens on December 23.
Nasdaq announced the annual reconstitution of the Nasdaq-100 Index, effective December 23, 2024, adding Palantir Technologies, MicroStrategy, and Axon Enterprise, while removing Illumina, Super Micro Computer, and Moderna. The Nasdaq-100 Index, a benchmark for financial products, is reconstituted annually in December.
Nvidia, Uber, Axon Enterprise, and other IBD Leaderboard stocks are showing resilience in the pressure-cooker market as market indexes face uncertainty. Nvidia is testing its 50-day moving average, while Uber and Axon are bouncing above that benchmark. Other stocks like Celsius, Tidewater, and Meta Platforms are also displaying mixed technical action. Investors should monitor support and resistance levels in major indexes, with the Nasdaq and S&P 500 moving back above their 50-day lines. Uber and Nvidia are showing strength, while the market's overall trend remains uncertain.
WeWork's stock plunged 25.7% after the company expressed doubt about its ability to continue operating due to weaker-than-expected membership rates, potentially leading to bankruptcy or debt restructuring. Carvana's stock rose 7.4% as the online used-car retailer expects higher adjusted EBITDA for the third quarter. Lyft's shares dropped nearly 6% after the ride-hailing company reported second-quarter earnings in line with estimates but beat expectations for adjusted per share earnings. Penn Entertainment saw a 15% increase in its stock price following a 10-year deal with Disney's ESPN to create a sports betting site, while Axon Enterprise's shares rose 13.8% after reporting better-than-expected earnings and revenue for the second quarter.