LFST - Hot Stocks: Analyst note drops MU; LFST GOCO fall on earnings; DDS sets new high; XONE jumps on merger deal
Analyst notes and earnings news spurred many of Thursday's biggest movers. M&A headlines also took a share of the spotlight, sparking one of the day's biggest gains. On the analyst front, a Morgan Stanley downgrade prompted a sharp decline in Micron (NASDAQ:MU). The selling also impacted other players in the sector, with Lam Research (NASDAQ:LRCX), KLA (NASDAQ:KLAC) and Applied Materials (NASDAQ:AMAT) all taking a step down during the session. The release of financial figures inspired a massive decline in LifeStance Health (NASDAQ:LFST). A wider-than-expected loss and weak guidance turned this into one of the day's biggest decliners. GoHealth (NASDAQ:GOCO) also endured a substantial sell-off following its quarterly report. The stock plunged to a new 52-week low as a weak bottom-line figure took Wall Street by surprise. Earnings news also had its winners on Thursday. This list included Dillard's (NYSE:DDS), which overcame turbulent intraday trading to set a fresh 52-week high.
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Hot Stocks: Analyst note drops MU; LFST, GOCO fall on earnings; DDS sets new high; XONE jumps on merger deal