Weekly Roundup: Super Micro Plunges, Newmont Falls, Delta Airlines Jumped
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
-Super Micro Computer (SMCI) shares shares plunged after the U.S. government charged a co-founder of the company and two other individuals with involvement in a plan to divert U.S.-assembled servers to China in a violation of export-control laws.
-Newmont (NEM) shares are trading significantly lower on Thursday morning due to a decline in gold prices. The decline in gold prices is attributed to a combination of central bank policy and shifting geopolitical dynamics, including Iranian missile strikes and an Israeli attack.
- Delta Airlines (DAL) stock jumped ahead of the open Tuesday as the carrier stuck to its earnings guidance and hiked its revenue outlook despite surging fuel prices. The company expects its first-quarter guidance to be within its initial range and now sees revenue climbing by a high-single-digit percentage, citing "demand momentum".
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