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The financial markets have opened December on a cautious note, experiencing a notable downturn that has seen major indexes—the Dow Jones Industrial Average (DJIA), S&P 500, and Nasdaq Composite—all retreat. This sudden shift marks a stark contrast to the robust rebound witnessed throughout November, signaling a pervasive

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Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) fell 5.8% in the afternoon session after a broad sell-off in the cryptocurrency market, driven by a sharp drop in the price of Bitcoin, weighed on crypto-related stocks. 

Shares of education company Lincoln Educational (NASDAQ:LINC) jumped 1.9% in the afternoon session after Barrington Research raised its price target on the company to $27 from $25, while maintaining its Outperform rating. 

Shares of financial services company Robinhood (NASDAQ:HOOD) fell 4.8% in the afternoon session after a broad sell-off in the cryptocurrency market, driven by a sharp drop in the price of Bitcoin, weighed on crypto-related stocks. 

Shares of genetic testing company Myriad Genetics (NASDAQ:MYGN) fell 6% in the afternoon session after the U.S. Food and Drug Administration (FDA) approved a competing blood-based test for prostate cancer from rival company Cleveland Diagnostics. 

Shares of radiation safety company Mirion (NYSE:MIR) fell 2.6% in the afternoon session after a director, Lawrence D. Kingsley, sold 300,000 shares of the company's stock. The shares were sold for a total value of about $7.15 million. This sale represented a notable transaction by a key insider. Following the sale, the director's direct ownership in the company was reduced. Significant stock sales by company insiders can sometimes cause concern among investors regarding the company's outlook, contributing to downward pressure on the stock price.

Shares of beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQ:ULTA) jumped 3.1% in the afternoon session after JP Morgan analyst Christopher Horvers maintained an "Overweight" rating on the company while raising the price target. The financial firm increased its price target on Ulta Beauty's stock to $606 from $600. An "Overweight" rating suggests that the analyst believes the stock will perform better than the overall market in the future. This vote of confidence from a major Wall Street bank signaled a positive outlook for the beauty retailer, which likely boosted investor sentiment and drove the share price higher.

Shares of young adult apparel retailer Tilly’s (NYSE:TLYS) fell 1.4% in the afternoon session after reports indicated strong Black Friday retail sales, especially within the apparel sector. 

Shares of health insurance company Oscar Health (NYSE:OSCR) fell 6% in the afternoon session after investor concerns over rising medical costs and the expiration of healthcare subsidies fueled bearish market activity. 

Shares of global car rental company Hertz (NASDAQ:HTZ) fell 4.7% in the afternoon session after a generally bearish sentiment from analysts and technical indicators weighed on the stock. 

Shares of bitcoin development company Strategy (NASDAQ:MSTR) fell 11.2% in the afternoon session after Bitcoin's price continued its sharp decline, hitting its lowest levels in months and dragging down all crypto-related stocks. 

Shares of work management platform monday.com (NASDAQ:MNDY) jumped 4.1% in the afternoon session after the stock appeared to rebound from a 52-week low. 

Shares of global professional services company Accenture (NYSE:ACN) jumped 3.4% in the afternoon session after the company announced a strategic collaboration with OpenAI to accelerate the adoption of artificial intelligence (AI) by businesses. 

Shares of freight carrier Old Dominion (NASDAQ:ODFL) jumped 5.7% in the afternoon session after BMO Capital upgraded the stock's rating to "Outperform" from "Market Perform". The analyst, Fadi Chamoun, pointed to the company's strong market position and its ability to maintain high service levels and pricing power, even during a broader slowdown in the freight industry. Despite the upgrade, the firm slightly lowered its price target to $170 from $172. The positive outlook was also based on the idea that carriers handling smaller shipments often recover first from economic slumps. Old Dominion's exposure to industrial freight was also viewed as a favorable factor for future growth as the economy improves.

Shares of burger restaurant chain Red Robin (NASDAQ:RRGB) fell 1.8% in the afternoon session after the company announced the appointment of Christopher Meyer as its interim Chief Financial Officer. Mr. Meyer replaced the departing Todd Wilson, effective December 1. This executive change came at a time when Red Robin's financial health showed signs of distress, with reports highlighting a negative net margin and persistent losses. The company's stock is known for being highly volatile. The management shift seemed to create uncertainty for investors, contributing to the stock's decline despite a recent third-quarter revenue report that was better than analysts had predicted.

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Woodward’s third quarter results were well received by the market, with management highlighting strong execution across both its aerospace and industrial businesses. The quarter benefited from robust demand in commercial aerospace services and defense original equipment manufacturing, as well as successful price realization and operational improvements. CEO Charles Blankenship credited the company’s ability to capture higher-than-expected commercial services demand and double-digit growth in oil and gas and power generation in the industrial segment. Management also pointed to the positive impact of increased automation and improved supply chain performance on margins and productivity.

Semtech’s third-quarter performance drew a negative market response, despite the company meeting Wall Street’s revenue expectations and delivering an adjusted EPS above consensus. Management pointed to strong demand in its data center and LoRa portfolios as key drivers, with CEO Hong Hou citing “record net sales” in the data center segment and momentum from new design wins. However, investors appeared concerned by product mix shifts and ongoing margin pressures, particularly in the company’s IoT systems and connectivity segment, which experienced lower gross margins due to higher cellular module sales.

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