Emily Dattilo

Shares of Symbotic were soaring after the AI-enabled robotics technology company turned in a strong quarter and offered upbeat financial guidance. Symbotic stock surged at one point 27% to $38.89, on track for its largest daily percentage increase in nearly a year, according to Dow Jones Market Data. For its fourth fiscal quarter, ended Sept. 28, the company reported earnings of 5 cents per share, a swing from the loss of 8 cents per share recorded a year prior.

Shares of Incyte were spiraling lower Tuesday after the biopharmaceutical company provided negative updates on two research studies. Incyte stock plummeted 1​4% to $66​.36 in Tuesday trading, on track for its largest daily percentage decrease since 2018, according to Dow Jones Market Data. The company said that two Phase 2 studies hit roadblocks, including one involving MRGPRX2 (INCB000262), a treatment for a range of inflammatory disorders.

FEATURE Delta Air Lines issued a slate of guidance ahead of its investor day, but the stock was little moved. The airline introduced a three-to-five-year financial framework that included targets of mid-teens operating margins and average annual earnings per share growth of 10%, among other metrics.

Shifting winds in the artificial intelligence realm could spell trouble for Fabrinet B. Riley argued on Wednesday. Analyst Dave Kang downgraded shares of the company, which makes optical cables for Nvidia to Sell from Neutral. Fabrinet stock dropped 10% to $223.82 in morning trading, putting it on track for its largest daily percentage decrease since February, according to Dow Jones Market Data.

Analysts at BofA Securities upgraded the pet-supplies retailer to Buy from Underperform and raised their price target to $40.

Chinese online retailer Alibaba announced Thursday the establishment of an e-commerce business group. The group will include Taobao and Tmall Group, Alibaba International Digital Commerce Group, the 1688 Marketplace, Idle Fish and others, according to a securities filing. Fan Jiang has been appointed as chief executive of the group.

With the holiday season quickly approaching, a software company has found itself top of the good list in November. Palantir Technologies has been the best performer in the this month, while chemical materials company Celanese has fared the worst through Wednesday’s close of trading, according to Dow Jones Market Data. Palantir has gained 49% this month, putting the stock on track for its best monthly performance since February.

Chinese online retailer Alibaba announced Thursday the establishment of an e-commerce business group. The group will include Taobao and Tmall Group, Alibaba International Digital Commerce Group, the 1688 Marketplace, Idle Fish and others, according to a securities filing. Fan Jiang has been appointed as chief executive of the group.

FEATURE Shares of NetApp were trading higher Friday after the data-storage company turned in a strong quarter and raised its financial guidance. After markets closed Thursday, the company reported fiscal second-quarter adjusted earnings of $1.

BofA Securities raised its price target on the ‘buy now, pay later’ company to $74 and reiterated a Buy rating.