Reddit Climbs, Applied Materials, Gemini Fall | Stock Movers
On this episode of Stock Movers:
Drone companies including AeroVironment Inc. (AVAV), Aevex Corp. (AVEX), and Unusual Machines Inc. (UMAC) rose on news that the Trump administration plans to apply a 100% tariff on imports of unmanned aircraft systems and their components.
Applied Matierals (AMAT) fell despite an earnings forecast that topped estimates. Investors had a muted reaction to earnings even though the stock has more than doubled this year.
Gemini Space Station (GEMI) fell as the crypto platform's earnings report faced crypto market headwinds and a wider-than-expected adjusted Ebitda loss.
Reddit (RDDT) climbed on the news that the stock is set to be included in the S&P 500 index. (Source: Bloomberg)
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