Applied Materials Falls, Roblox Drops, UnitedHealth Surges on Funds Piled Into Company
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Applied Materials Falls, Roblox Drops, UnitedHealth Surges on Funds Piled Into Company
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On this episode of Stock Movers:
- Applied Materials (AMAT) shares fall after the company gave a disappointing sales and profit forecast, renewing concerns that the US trade dispute with China is weighing on demand. Chief Executive Officer Gary Dickerson said the company is seeing less demand from customers in China and faces delays in approval for exporting technology to that country.
- Roblox (RBLX) shares fall following news that Louisiana Attorney General Liz Murrill had filed suit against the video-game company. TD Cowen affirmed a sell rating on the stock, and wrote that “regulatory risk is non-negligible” at the company.
- UnitedHealth (UNH) shares surge after funds piled into the company, which has been hampered by a federal probe into its business practices and weakening results. The investments were a welcome reprieve for a company that had seen its stock fall 46% this year.
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