Market Update: Notable Stock Movements on Friday

Friday's market has experienced notable fluctuations among stocks, particularly within the mega-cap and large-cap sectors. Significant intra-day stock movements are being driven by various factors, with companies like Marvell Technology Group Ltd (NASDAQ: MRVL) and Credo Technology Holding (CRDO) seeing substantial gains, while others like Rubrik (RBRK) and Lamb Weston Holdings Inc (NYSE: LW) are on the decline. Here's a rundown of some of the most impactful stock movers across different market cap ranges.

Mega-Cap Movers (Market Cap: $200 billion USD or higher)

• Arm (ARM): +3.46%

Large-Cap Stock Movers (Market Cap: $10-$200 billion USD)

• Marvell Technology Group Ltd (MRVL): +10.44%
• Credo Technology Holding (CRDO): +8.62%
• Ciena (NYSE: CIEN): +5.66%
• Arista Networks (NYSE: ANET): +4.29%
• Rubrik (RBRK): -4.3%
• Lamb Weston Holdings Inc (LW): -2.68% (on watch due to chatter)
• Ke Holdings Inc (BEKE): -5.35%
• Coherent (NYSE: COHR): +2.22%
• Pinduoduo (NASDAQ: PDD): -3.21%

Mid-Cap Stock Movers (Market Cap: $2-$10 billion USD)

• SoundHound AI (NASDAQ: SOUN): +15.58%
• Rstrtn Hrdwr Hld (NYSE: RH): +14.88% (Telsey upgrades RH shares target, market perform rating on strong demand)
• Archer Aviation (ACHR): +8.23%
• Hut 8 Mining PK (HUT): +4.94%
• Upstart Holdings Inc (NASDAQ: UPST): +8.46%
• Penn National Gaming Inc (NASDAQ: PENN): +3.87%
• Oddity Tech (ODD): -4.64%

Small-Cap Stock Movers (Market Cap: $300 million – $2 billion USD)

• Candel Therapeutics (CADL): -35.71% (Announces Pricing of Public Offering)
• Bicycle Therapeutics Ltd (NASDAQ: BCYC): -35.16% (Announces Data Updates Across Zelenectide Pevedotin Program and Development Strategy Leveraging NECTIN4 Gene Amplification)
• Esperion Th (NASDAQ: ESPR): -18.24% (Announces $210 Million Convertible Debt Financing)
• Jupiter Neurosciences (JUNS): -15.42%
• 8×8 Inc (NASDAQ: EGHT): -17.63%
• Taskus (TASK): +13.49%
• Applied Opt (NASDAQ: AAOI): +10.79%
• ASP Isotopes (ASPI): +10.07% (ROSEN, A TOP-RANKED LAW FIRM, Encourages Investors to Secure Counsel Before Important Deadline in Securities Class Action (WA: ACT))

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