Stocks are getting dinged once more, with the Dow and Nasdaq nursing triple-digit deficits midday. The latter is heading for a third-straight drop, weighed down by outsized moves lower from the likes of Nvidia (NVDA) and Tesla (TSLA). While oil prices are cooling off-- last seen 0.4% lower at $86.37 per barrel -- bond yields remain elevated and the Cboe Volatility Index (VIX) heads toward its third-straight win.
Options traders are loading up on C3.ai Inc (NYSE: AI) today, ahead of the artificial intelligence company's earnings report, due out after the close today. While AI was last seen 1% lower to trade at $31.12, but over 42,000 calls have changed hands already today, volume that's double the average intraday amount. The weekly 9/8 32.50-strike call is the most popular, with new positions being opened. The equity is up 176% in 2023.
Harley-Davidson Inc (NYSE: HOG) stock is 3.3% higher to trade at $34.85, one of the better stocks on the New York Stock Exchange (NYSE) today. The motorcycle retailer authorized the repurchase of an additional $10 million of the company's common stock. Harley-Davidson stock remains 16.2% lower in 2023, with today's rally falling short of its 30-day moving average.
(Click on image to enlarge)
At the same time, AMC Entertainment Holdings Inc (NYSE: AMC) stock is 20% lower to trade at $10.88, after the theater chain announced it will offer 40 million shares of class A common stock, to be sold at an "at-the-market" offering. The former meme stock is fresh off a record low of $10.01 and is down 72% in 2023.
More By This Author:
Stocks Close Lower After Oil Prices Hit 2023 High
Rising Oil Prices Stalling September Rally
Stocks Shake Off August With Impressive Weekly Wins
Comments
Log in or sign up to join the conversation.