Rivian Automotive RIVN shares fell 10.00% in premarket trading Tuesday, dropping to $16.77 from Monday's close of $18.63. The primary catalyst is Rivian's announcement of an underwritten public offering of 75 million shares of common stock, raising concerns about shareholder dilution.
Western Digital WDC shares fell 6.55% in premarket trading Tuesday, dropping to $539.66 from Monday's close of $577.46. The decline stems from a broad memory and storage sector selloff triggered by a "sell-the-news" reaction to Samsung's preliminary quarterly earnings.
Applied Materials AMAT shares fell 5.73% in premarket trading Tuesday, dropping to $558.84 from Monday's close of $592.79. The decline is tied to a broader semiconductor and memory-equipment selloff triggered by a "sell-the-news" reaction to Samsung's preliminary earnings.
Micron Technology MU shares dropped roughly 6.03% in premarket trading Tuesday, falling to $925.37 from a prior close near $984.75. The decline followed a broad semiconductor selloff triggered by a "sell-the-news" reaction to Samsung's preliminary quarterly results.
Analysts expect earnings per share of $0.49 for the third quarter of fiscal 2026. Revenue consensus stands at approximately $164.5 million, reflecting modest year-over-year growth.
Penguin Solutions, Inc. is scheduled to report third quarter fiscal 2026 results after market close on July 7, 2026.
CVS Health shares have gained approximately 6.4% over the last 30 days, building on a broader quarterly rally of roughly 30.5%. The company's June 2026 launch of a comprehensive GLP-1 support program across its 9,000 pharmacies has drawn analyst upgrades and renewed investor attention.
KELYB fell -9.14% during Monday's regular session, dropping to $19.99 from a previous close of $22.00 on July 2. The decline extends a sharp reversal from last week's multi-day surge that had pushed the stock from ~$18 to an intraweek high of $23.40.
BLMN shares dropped -8.97% during Monday's regular session, falling from a previous close of $8.70 on July 2 to $7.92, extending a multi-week decline from post-earnings highs near $8.56. The sell-off follows the July 1 disclosure that Chief Human Resources Officer Jessica Mitory resigned effective August 17, adding executive uncertainty to an already cautious sentiment around the casual dining operator.
APPS shares fell -8.18% during Monday's regular trading session, dropping from a previous close of $12.71 to approximately $11.67, with an intraday low of $11.86. The decline follows a massive rally that propelled the stock from a 52-week low of $2.74 in April to a recent peak of $13.60, signaling profit-taking after the stock became technically overbought with an RSI above 82.
AKTS plunged -16.28% during Monday's regular trading session, falling from Friday's close of $31.76 to $26.59, erasing a significant portion of recent gains. The sell-off follows a powerful rally that saw the stock surge over +40% in the prior two weeks, hitting a new 52-week high above $34, suggesting profit-taking as the primary driver.
SLBT shares fell -21.20% to $4.72 during Monday's regular session, erasing a large portion of the +34.6% surge recorded on July 2 before the Independence Day holiday. The decline represents a sharp mean-reversion move with no specific company news or fundamental catalyst, following a five-session rally that had added +59.7% through last Thursday's close.
BE shares surged +9.10% during regular market hours, rebounding sharply from the prior session's close of $270.89 to $295.55. The primary catalyst is a post-Russell index rebalancing bounce, as the stock recovered from last week's selloff tied to the annual Russell reconstitution.
WDC is up +9.08% during Monday's regular session, rebounding sharply after plunging -9.92% on July 2 in a broad memory and storage sector selloff. The primary catalyst is a wave of bullish analyst action: BofA raised its price target to $732 and Cantor Fitzgerald lifted its target to $900, both citing tight HDD supply and AI-driven data-center demand.
AMD shares surged +7.14% to $554.79 during Monday's regular session, building on a premarket gain of roughly +3% after the July 4 holiday break. The primary catalyst was news that Japanese self-driving startup Turing began using AMD's AI GPUs for about 10% of its AI training workloads, with AMD Ventures also investing in the company's $79 million Series A extension.
AVAV shares fell -4.17% during Monday's regular session, retreating to $182.93 after a blistering +38% rally over the prior three trading days. The decline reflects broad profit-taking following last week's twin catalysts: a record fiscal Q4 earnings beat and a $500 million U.
ODD shares fell -10.28% during regular trading on Monday, retreating to $16.06 from the prior session's close of $17.90. The decline marks a sharp pullback after the stock surged approximately +82% from its June 2 post-earnings low of $9.84 to last week's high near $17.90.
AAP shares fell -7.02% during Monday's regular trading session, dropping from Friday's close of $61.53 to $57.21 as of early afternoon. The selloff extends a pattern of sharp single-day declines for the auto parts retailer, which previously tumbled -7.79% on June 22 amid mounting turnaround doubts.
SOLS plunged -13.29% during regular trading on Monday after announcing a $14.5 billion cash-and-stock acquisition of Element Solutions, sparking immediate dilution concerns. The deal structure gives Element shareholders roughly 44% ownership of the combined entity, significantly diluting existing Solstice investors and pressuring the stock.
UNH shares rose approximately 6.5% over the last 30 days, consolidating after a powerful rally that lifted the stock more than 50% from early April lows. The stock’s massive quarterly surge was fueled by a strong first-quarter earnings beat, raised full-year guidance, and a broader rotation into defensive healthcare names.