Top Stock Movers Now: Lamb Weston, Amedisys, Supermicro, and More

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Key Takeaways

  • Major U.S. indexes slumped astatine midday Friday arsenic tech stocks mislaid ground. 
  • Shares of Super Micro Computer and Tesla led losses successful nan S&P 500.
  • Lamb Weston shares gained pursuing reports activistic investor Jana Partners took different measurement successful its effort to unit changes astatine nan stiff murphy provider.

Major U.S. indexes slumped astatine midday Friday arsenic tech stocks mislaid ground. The Dow dropped astir 1%, while nan S&P 500 and Nasdaq fell much than 1%. 

Super Micro Computer (SMCI) was nan worst-performing banal successful nan S&P 500 amid ongoing concerns astir nan server maker's delayed filings and allegations of accounting manipulation.

Shares of Tesla (TSLA) besides declined, up of nan electrical conveyance (EV) maker’s latest study connected its deliveries owed for merchandise adjacent week amid concerns they could autumn short of lofty expectations.

Netflix (NFLX) shares fell moreover arsenic nan streaming elephantine reported a grounds audience for its Christmas Day National Football League (NFL) games. Analysts suggested nan gains were already figured into nan banal price, which reached an all-time precocious earlier this month.

Lamb Weston (LW) shares gained pursuing reports Jana Partners has aligned pinch different erstwhile executive of nan stiff murphy shaper arsenic a imaginable committee candidate. The activist investor has been moving to shingle up nan firm.

Amedisys (AMED) shares surged aft nan institution agreed to extend nan deadline to complete its $3.3 cardinal merger pinch UnitedHealth Group (UNH), aft nan Department of Justice moved to artifact nan deal. UnitedHealth shares were small changed and somewhat lower.

Gold futures fell, and crude lipid prices rose. The output connected nan 10-year Treasury statement was higher. The U.S. dollar mislaid crushed to nan euro, pound, and yen. Most awesome cryptocurrencies traded lower.

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