Several notable stocks experienced significant shifts in Monday’s midday trading session:
- PDD Holdings: Shares of the parent company of Temu plunged nearly 30% following disappointing second-quarter earnings. The sharp decline reflects investor concerns over the company’s growth trajectory and financial performance.
- Icahn Enterprises: Carl Icahn’s investment firm saw its stock tumble almost 12% after filing with the U.S. Securities and Exchange Commission (SEC) to sell up to $400 million in depository units through an “at-the-market” offering. The filing raised questions about the firm’s financial strategy amidst its struggles this year.
- SolarEdge Technologies: The green energy company dropped around 8% following the announcement of a leadership change. Investors reacted to the uncertainty surrounding the company’s future direction under new management.
