MDB - Hot Stocks: CMCSA guidance; MDB earnings; APPS upgrade; PATK note offering; JMIA rallies
Comcast (NASDAQ:CMCSA) stole the spotlight during Tuesday's midday trading, dropping suddenly after a company executive provided soft guidance at an industry conference. Elsewhere, financial figures provided a key catalyst to intraday action. MongoDB (NASDAQ:MDB) jumped on its quarterly results, while Jumia (NYSE:JMIA) rallied on a strong Black Friday showing. In other news, Digital Turbine (NASDAQ:APPS) posted gains in the wake of a bullish analyst comment. At the same time, Patrick Industries (NASDAQ:PATK) declined on word of a note offering. Decliners Comcast (CMCSA) dropped 5% in intraday trading after the company issued disappointing guidance at an industry event. The head of the firm's cable operations told a UBS conference that he expects about 1.3M broadband net additions for 2021, suggesting subscriber growth below what analysts predicted. The executive also gave a weak forecast for Q4 EBITDA. Patrick Industries (PATK) also showed intraday weakness, dropping nearly 9% on a planned offering of
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Hot Stocks: CMCSA guidance; MDB earnings; APPS upgrade; PATK note offering; JMIA rallies