Slightly softer-than-expected December inflation numbers — and the chance that it could make further Fed rate cuts a possibility — gave Big Tech shares a lift in the premarket session.
The Sherwood-coined cohort of tech behemoths known as BATMMAAN™ — Broadcom, Apple, Tesla, Microsoft, Meta, Amazon, Alphabet, and Nvidia — soared on the news, setting the market up for a strong opening.
Hims & Hers erased gains of more than 5% in early trading to close down more than 7% on Thursday.
It’s the first time the telehealth company saw an intraday gain of 5% or more turn into a loss of 5% or more since April 8, 2025, which marked that year’s bottom for the S&P 500 amid the tariff-induced tumult.
Hims has been on an absolute tear this week after reaching a renewed partnership with Novo Nordisk to sell its weight-loss drugs, a pact that resolves the massive legal overhang that had been plaguing the stock. The momentum continued as Wall Street scrambled to boost its outlook on the shares following this arrangement.
There’s not much in the way of company-specific news to point to: Hims, like many other firms, tanked after the market opened as oil climbed.
Perhaps this is just a consolidation period — the so-called pause that refreshes — or a potential sign that the stock has squeezed all the juice it could out of one catalyst as the overall market wobbles under the weight of high oil prices brought about by the ongoing war in the Middle East.
Firefly Aerospace shares soared after Wednesday’s successful liftoff of its Alpha rocket for the first time in almost a year was followed by a flurry of call buying in the options market.
Shortly before 3 p.m. ET on Thursday, roughly 36,000 call options on Firefly had changed hands, more than twice the average over the previous 20 days.
The Cedar Park, Texas-based designer and manufacturer of space launch vehicles has lost some serious altitude since its August 2025 IPO. It’s down about 60% since then, even after Thursday’s surge.
The Cedar Park, Texas-based designer and manufacturer of space launch vehicles has lost some serious altitude since its August 2025 IPO. It’s down about 60% since then, even after Thursday’s surge.
