Midday movers: Exxon, Gitlab fall; Old Dominion Freight, Saia rise

(Updated - June 4, 2024 11:42 AM EDT)

Investing.com -- U.S. stock futures edged lower Tuesday after data showed job openings were softer than expected in April.

Here are some of the biggest U.S. stock movers today:

• GameStop (NYSE: GME) stock fell 2%, retreating after the video game retailer soared over 20% in the previous session on the back of stock influencer Keith Gill, who is known online as "DeepF-------Value" and "Roaring Kitty", posting a screenshot on social media site Reddit which showed he had made a $116 million bet on the company.

• Tesla (NASDAQ: TSLA) stock fell 0.7% with Reuters reporting that sales of the EV manufacturer’s China-made electric vehicles fell by 6.6% in May compared to a year ago, citing data from the China Passenger Car Association.

• Intel (NASDAQ: INTC) stock gained 0.1% after the tech giant launched its next generation Xeon server processors, and priced its Gaudi 3 artificial intelligence accelerator chips below its rivals' products.

• Exxon (NYSE: XOM) and Chevron (NYSE: CVX) stocks both dropped around 1%, weighed by the falling oil price after a group of major producers signaled an increase in supply towards the end of the year.

• Gitlab (NASDAQ: GTLB) stock dipped 2.2% after the software coding platform forecast weaker-than-expected second-quarter revenue.

• BP (NYSE: BP) ADRs fell 2.75% after ratings agency S&P Global downgraded its outlook to ‘stable’ from ‘positive’ over concerns its share buyback plans will leave it unable to lower its debts.

• Donaldson (NYSE: DCI) stock rose 1.3% after the air filter manufacturer reported strong sales, including a 8% hike in its quarterly dividend payout.

• Viking Therapeutics (NASDAQ: VKTX) stock fell 12% after reporting 52-week histologic data from its Phase 2b VOYAGE study of VK2809, the company's novel liver-selective thyroid hormone receptor beta agonist, in patients with biopsy-confirmed non-alcoholic steatohepatitis.

• Old Dominion Freight Line (NASDAQ: ODFL) rose 6% after transportation provider Saia, Inc. (NASDAQ: SAIA), up 8%, said in May 2024, LTL shipments per workday increased 18.6%, LTL tonnage per workday increased 9.8% and LTL weight per shipment declined 7.4% to 1,345 pounds.

• Core & Main, Inc (NYSE: CNM) fell 15% after second quarter earnings per share missed expectations. Core & Main also narrowing and raised expectations for fiscal 2024 net sales and Adjusted EBITDA.

Additional reporting by Louis Juricic

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