The Dow Jones Industrial Average (DJI) is surging to record highs, up over 800 points and heading for its largest single-day percentage gain since April as investors rotate out of tech and into old economy stocks. Broadcom's (AVGO) post-earnings selloff sparked the chip sector woes, with the Nasdaq Composite (IXIC) firmly lower in response. Meanwhile, the S&P 500 Index (SPX) is trading flat after yesterday snapping a nine-day win streak.
Veeva Systems Inc (VEEV) is seeing unusual options activity today. Options traders are targeting the cloud computing name at six times the intraday average volume after strong first-quarter earnings and revenue results, with 4,978 calls and 2,377 puts exchanged so far. The June 220 and 180 calls are the most popular. VEEV has struggled in 2026, sinking 20% so far, last seen down 0.2% at $178.25 despite its upbeat report.
One of the top performers on the New York Stock Exchange (NYSE), Redwire Corp (RDW) was last seen up 19.3% at $22.18, after the company was awarded a contract from biotech name Astrobiome Space to grow strawberries and test Astrobiome Space's proprietary soil enhancement product on board the International Space Station (ISS). Rebounding from a four-day losing streak that came after a 52-week high, the shares are up 181.8% year to date.
Petco Health and Wellness Company Inc (WOOF) is down 16.9% to trade at $2.53, pulling back to familiar support at the $2.50 level after mixed first-quarter results. WOOF is now down 9.8% since the start of the year.
Comments
Log in or sign up to join the conversation.