On this episode of Stock Movers, we take a look at some of this past week's biggest gainers and decliners:
- Applied Digital (APLD) soared to their highest since 2004 after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.
- FedEx (FDX) ends the week lower as the sector faces woes including slowing truckload growth, and concerns from Morgan analyst Brian Ossenbeck that a perception of weakened price discipline among less-than-truckload carriers justifies lower multiples across that group of companies.
- MP Materials (MP) rose almost 10% after a China curb on exports of the minerals fueled bets that the American industry will benefit — and potentially spur additional investments from the federal government.
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