On this episode of Stock Movers:
- Tesla (TSLA) is continuing its slide as Baird downgraded the stock to neutral from outperform, noting that the recent share rally followed what was a fundamentally poor quarter for the EV maker. Analyst Ben Kallo attributes the recent rally partly to anticipation over the launch of a more affordable vehicle and a robotaxi service. Through Friday’s close, the shares are down about 27% this year
- Robinhood (HOOD) is falling this morning after S&P Dow Jones Indices said there were no announced membership changes in the S&P 500 or the S&P 1500 indexes, according to an emailed statement. Robinhood fell in post market trading as it was thought it would be added to the index.
- AppLovin (APP) shares are following Robinhood lower this morning after both stocks fell Friday on news neither would be added to the S&P 500 index.

On this episode of Stock Movers: - Tesla (TSLA) is continuing its slide as Baird downgraded the stock to neutral from outperform, noting that the recent share rally followed what was a fundamentally poor quarter for the EV maker. Analyst Ben Kallo attributes the recent rally partly to anticipation over the launch of a more affordable vehicle and a robotaxi service. Through Friday&rsquo;s close, the shares are down about 27% this year - Robinhood (HOOD) is falling this morning after S&amp;P Dow Jones Indices said there were no announced membership changes in the S&amp;P 500 or the S&amp;P 1500 indexes, according to an emailed statement. Robinhood fell in post market trading as it was thought it would be added to the index. - AppLovin (APP) shares are following Robinhood lower this morning after both stocks fell Friday on news neither would be added to the S&amp;P 500 index.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Tesla Downgrade; Robinhood & AppLovin Miss Index

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0a2529c3-9afb-4454-87ce-b2f700ba80d3/transcript

Advertisement