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Nvidia Gains, MongoDB Slumps, James Hardie
Description
Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- Nvidia (NVDA) said its board has approved a $150 billion increase to its share repurchase program, raising the total program to $235 billion. Shares were up 2.3%.
- MongoDB (MDB) shares are sinking 25% on Monday, after the database software company said that CEO Chirantan “CJ” Desai has stepped down, effective immediately, for a senior role at Meta Platforms. The news comes ahead of an investor day event on Tuesday.
- James Hardie Industries (JHX) shares fall after Citi cut the recommendation on the building materials company to neutral from buy, citing an “uncertain” outlook for government bond yields.
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