Daily stock rockets & losers; Magellan Financial is down 8.75% on declining FUM
Looking at the movers and shakers on the ASX200 today.
Life360 is leading the stock rockets today, up 19.44% amid a broad recovery for tech stocks and a bullish broker note out of Bell Potter and Credit Suisse which maintained their respective buy ratings on Life360 shares.
Appen is up 12.52% after lunchtime,
And Paladin Energy rounds out the top three stock rockets today, up 12.41% following the release of half year results including net loss more than halving from the prior corresponding period. Appen rounds out the stock rockets today so far up % after lunchtime.
On the losing front,
Blackmores leads the losers today down 12.9% following the release of the company’s first half results yesterday.
Magellan Financial Group is also down 8.75% today after the company announced its funds under management continued to decline, with a 10.1 billion dollar drop over the last 2 weeks.
And St Barbara is trading 7.45% lower after lunchtime.
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