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Applied Materials Sinks; Reddit Rally; Gemini Lower
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Applied Materials (AMAT) shares are lower even though it reported third-quarter results that beat expectations and gave a fourth-quarter forecast that is above the analyst consensus.
- Unusual Machines (UMAC) shares are climbing as the Trump administration said it is applying a 100% tariff on imports of unmanned aircraft systems and their components. AeroVironment (AVAV) shares are rising as well.
- Reddit (RDDT) is rallying as the social media company is set to join the S&P 500 prior to the opening of trading on Aug. 18, according to a news release.
- Gemini Space Station (GEMI) shares are lower after it posted a fourth consecutive quarterly loss since the IPO, with a second-quarter loss of $107.7 million, or 89 cents a share.
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