24H | Some Chip Stocks Rise With Marvell up 3%; e.l.f. Beauty Jumps 8%; Rocket Lab Sinks 7%

Tiger Newspress
05/21

Some chip stocks rose in overnight trading. Marvell Technology and United Microelectronics rose 3%; Micron, Arm, and SanDisk rose 2%; Western Digital rose 1%. While Nvidia dropped more than 1% after earnings.

e.l.f. Beauty shares jumped 8.3% in overnight trading as the company reported better-than-expected fiscal fourth-quarter results but set full-year guidance below Wall Street’s expectations and swung to a loss for the quarter on an unadjusted basis due to foreign exchange fluctuations.

Rocket Lab shares 6.5% in overnight trading. The company entered an equity distribution agreement enabling up to $3.0 billion of common stock offerings and forward sale structures.

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