Let's dive into the latest stock market movements that are causing a buzz among traders. Here's a breakdown of what's been happening before the market opens.
1. Intel Stock Tumble
The Scoop: Intel, the tech giant, experienced a sharp drop of over 8% to $20.76 per share after a 3.5% decline on the previous day.
Reason Behind the Plunge:
Intel made headlines by revealing its plan to slash 25,000 jobs as part of a strategic overhaul to enhance its financial standing. Additionally, the company announced the cancellation of its projects in Europe.
2. AEye's Impressive Surge
The Scoop: AEye is making waves with an 18% increase, reaching $3.44 per share following a hefty 160% jump the day before.
Why the Jump:
AEye, a digital health company, disclosed that its Apollo lidar units have been successfully integrated into Nvidia's Drive AGX platform. The anticipation is high as AEye prepares to unveil its second-quarter results next week.
3. Deckers Outdoor's Success Story
The Scoop: Deckers Outdoor surged over 12% to $118.19 per share, rebounding from a 3% dip in the previous session.
The Reason for the Climb:
The footwear designer, known for brands like Ugg, impressed investors with second-quarter results that surpassed expectations. Their earnings per share exceeded analysts' projections by 44%.
4. UnitedHealth's Decline
The Scoop: UnitedHealth witnessed a slight 0.6% dip to $277.03 per share after a 5% drop at the close of the previous trading day.
What's Going On:
The Department of Justice's inquiry into UnitedHealth's Medicare billing practices triggered concerns among investors. Reports suggest potential Medicare fraud investigations, although specific details remain undisclosed.
5. AST SpaceMobile's Volatility
The Scoop: AST SpaceMobile saw an 8% decline to $54.99 per share following a 2% increase in the prior session.
The Root Cause:
AST SpaceMobile unveiled a proposed private offering of $500 million in convertible senior notes at the previous session's close. These debt securities, capable of converting into company shares under specific conditions, stirred market reactions.
Stay tuned for more updates and insights on these market movers. Remember, knowledge is power in the world of trading!
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By: nredmond@insider.com (Nora Redmond)
Title: Stock Market Update: Intel Plummets in Premarket Trading
Sourced From: www.businessinsider.com/stock-price-friday-intel-aeye-deckers-outdoor-unitedhealth-ast-spacemobile-2025-7
Published Date: Fri, 25 Jul 2025 11:03:24 +0000
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