Biggest Stock Movers Today, Dec. 10: PLAB, AVAV, & More

Core Viewpoint - The stock market experienced significant gains following the Federal Reserve's announcement of a quarter-percentage-point rate cut, although the central bank's future outlook remains relatively hawkish with only one expected rate cut in 2026 [2]. Market Performance - Major stock indices saw positive movements: - Dow Jones Industrial Average increased by 1.05%, gaining 497 points - S&P 500 rose by 0.67%, adding 46 points - Nasdaq Composite climbed by 0.33%, up 78 points [3]. Top Stock Gainers - Photronics (PLAB): - Stock surged by 45.39% after reporting fiscal fourth-quarter and full-year 2025 results, despite a 2% year-over-year revenue decline and adjusted earnings of $2.01 per share, which were slightly down from 2024 [5][6]. - CEO highlighted strength in the U.S. business and positive signs from expansion into South Korea as potential growth drivers for fiscal 2026 [6]. - GE Vernova (GEV): - Stock increased by 15.51% following an investor event where the company raised its sales and free cash flow estimates for 2028, anticipating a backlog increase from $135 billion to $200 billion due to rising demand for gas turbines driven by AI and cloud computing [7][8]. Top Stock Losers - AeroVironment (AVAV): - Stock fell by 12.85% after disappointing fiscal second-quarter results, with adjusted earnings per share down over 6% year-over-year to $0.44, missing the consensus forecast of $0.79 [9][10]. - The company also revised its full-year fiscal 2026 earnings forecast down by $0.15 to $0.20 per share [9]. - Denali Therapeutics (DNLI): - Stock declined by 10.63% after announcing a secondary offering priced at $17.50 per share, raising $200 million for research and development, but at a lower price than the previous day's closing [11][12].