The “fair value” estimate for the 10-year US Treasury yield remained relatively steady in August while the average level of the actual benchmark rate in the market continued to ease.
The month of August was unremarkable for your average Nasdaq-100 stock -- with a few notable exceptions. These three stocks enjoyed more than 20% price gains in an otherwise sleepy 30-day period.
Shares of digital ad verification company DoubleVerify (NYSE:DV) fell 6.2% in the afternoon session after a law firm announced it is investigating potential breaches of fiduciary duties by some of the company's officers and directors.
Shares of luxury furniture retailer RH (NYSE:RH) fell 4.6% in the afternoon session after the company reported disappointing second-quarter results and provided a weak outlook for the upcoming quarter.
Shares of climate control solutions innovator Lennox International (NYSE:LII)
fell 3.6% in the afternoon session after multiple analyst firms lowered their price targets on the stock, citing market challenges.
Shares of online study and academic help platform Chegg (NYSE:CHGG) fell 4.9% in the afternoon session after continued concerns about the competitive threat posed by Artificial Intelligence (AI).
Shares of satellite communications provider fell 3.3% in the afternoon session after Raymond James downgraded the stock to "Outperform" from "Strong Buy" and significantly lowered its price target.
Shares of furniture company La-Z-Boy (NYSE:LZB)
fell 2.7% in the afternoon session after the stock traded down in sympathy with competitor RH (RH), which reported weaker-than-expected results and lowered its guidance.
Shares of EV charging infrastructure provider Blink Charging (NASDAQ:BLNK)
jumped 8.4% in the afternoon session after the stock extended its positive momentum as the company announced it had regained compliance with Nasdaq's listing rules and revealed a new partnership to expand its UK charging network.
Shares of luxury furniture retailer Arhaus (NASDAQ:ARHS) fell 4.6% in the afternoon session after peer and fellow furniture retailer RH (formerly Restoration Hardware) reported disappointing quarterly results and lowered its outlook, creating negative sentiment across the sector.
Shares of genetic testing company Natera (NASDAQ:NTRA). fell 2.7% in the afternoon session after the company reached an $8.25 million settlement in a legal case. The case, titled 'Amanda Davis v. Natera Inc.,' was reported by the Daily Journal. While the financial impact of the settlement may not be substantial for a company of Natera's scale, news of legal disputes can create uncertainty among investors. The announcement may have raised concerns regarding the underlying issues of the lawsuit or the potential for future legal challenges, prompting a sell-off in the company's shares.
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB)
jumped 9.4% in the afternoon session after it announced the successful completion of its 70th Electron mission, a milestone that reinforces the rocket's position as the most frequently launched small orbital vehicle in the world.
Shares of language-learning app Duolingo (NASDAQ:DUOL)
fell 2.8% in the afternoon session after reports revealed Apple's new AirPods will be able to translate conversations in real time, introducing a significant competitive threat.
Shares of biotechnology company Moderna (NASDAQ:MRNA)
fell 7.8% in the afternoon session after reports revealed Trump administration health officials plan to link COVID-19 vaccines to the deaths of around two dozen children.
Shares of discount retailer Five Below (NASDAQ:FIVE)
fell 4.5% in the afternoon session amid negative sentiment in the retail sector as peer company RH reported disappointing results and cut its full-year revenue forecast.
Shares of pet-focused retailer Petco (NASDAQ:WOOF)
fell 3.8% in the afternoon session after the company announced plans to close 25 underperforming stores nationwide as part of an effort to revive earnings.
Shares of telehealth company Hims & Hers Health (NYSE:HIMS) jumped 4.4% in the afternoon session after the stock extended its positive momentum as the company announced its expansion into the testosterone replacement therapy market.
Shares of health coverage company Centene (NYSE:CNC)
fell 2.9% in the afternoon session after the company highlighted a significant challenge for its Marketplace business during a recent investor conference.
Shares of off-price retail company Burlington Stores (NYSE:BURL)
fell 4.6% in the afternoon session after prominent financial commentator Jim Cramer described the company's recent guidance as "fairly tepid."
Shares of fast-food chain Wingstop (NASDAQ:WING)
fell 3.7% in the afternoon session after investor sentiment soured amid reports of rising short interest and significant insider selling.
Shares of semiconductor materials supplier Entegris (NASDAQ:ENTG) jumped 5.2% in the afternoon session after a wave of positive news in the semiconductor sector, particularly SK hynix's announcement that it has completed the development of next-generation HBM4 memory chips.
Shares of office furniture manufacturer MillerKnoll (NASDAQ:MLKN) fell 2.8% in the afternoon session after peer company RH (RH), an upscale furniture retailer, reported weaker-than-expected quarterly results and lowered its guidance.
Shares of data analytics company Palantir Technologies (NASDAQ:PLTR) jumped 3.5% in the afternoon session after prominent market commentator Jim Cramer reiterated his bullish stance and a $200 price target on the stock.
Shares of global pharmaceutical company Pfizer (NYSE:PFE)
fell 3.5% in the afternoon session after reports revealed federal health officials are planning to link COVID-19 vaccines to the deaths of children.
Shares of application security provider F5 (NASDAQ:FFIV) fell 3.4% in the afternoon session after it reversed gains from the previous day that were driven by the announcement of a new acquisition.
Shares of home automation and security solutions provider Resideo Technologies (NYSE:REZI)
jumped 3.4% in the afternoon session after the company received a positive mention from Jim Cramer on CNBC's "Mad Money Lightning Round."
Shares of genomics company Illumina (NASDAQ:ILMN) fell 3.2% in the afternoon session after reports emerged of increased competition from a Chinese rival and news of a significant legal settlement.
Shares of global car rental company Hertz (NASDAQ:HTZ)
jumped 3.1% in the afternoon session after the company announced its new virtual showroom technology has driven a 30% uplift in lead conversions for its Public Carriage Office (PCO) program.
Shares of business software provider Freshworks (NASDAQ:FRSH) fell 3.5% in the afternoon session after the stock continued to slide following the company's recent Investor Day.
Shares of cloud communications provider 8x8 (NASDAQ:EGHT) fell 5.2% in the afternoon session after investor concerns grew over its financial health and growth prospects following several downbeat financial reports.
