Late Night Market Recap

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  Night.Owl
 
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•  01 Dec 2025
 

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The markets closed lower on Monday as investors remained trapped in a state of extreme fear, with the Fear and Greed Index continuing to stay in the danger zone. While the Nasdaq managed to gain 150 points during the session, November overall performance painted a decidedly bearish picture, leaving traders anxious about what lies ahead.

$NIO experienced a brutal session, plummeting nearly 6% on heavy volume exceeding 52 million shares. The Chinese electric vehicle manufacturer provided disappointing delivery numbers, reporting just 18,393 vehicles, which sent investors running for the exits. Technical indicators now suggest the stock has entered deeply oversold territory, though whether this presents a contrarian opportunity or signals further pain ahead remains unclear.

$DNN saw modest losses of 1.56% despite announcing a significant milestone in its uranium development plans. Denison Mines and Yathi Néné Lands and Resources revealed they had signed the Nuhenéné Benefit Agreement with three First Nations and four municipalities, a crucial step toward advancing their Saskatchewan-based projects. The agreement represents years of negotiation and community engagement, though the market response remained muted.

$EXK tumbled over 5% as Endeavour Silver launched a convertible senior notes offering designed to repay existing debt, fund ongoing projects, and support general corporate purposes. The announcement came just days after the stock had surged 15% on the back of rising silver prices, making Monday reversal particularly painful for recent buyers who chased the momentum.

$CPNG suffered a sharp 5.38% decline after disclosing a major data breach at South Korea leading e-commerce platform. The revelation raised serious questions about cybersecurity measures and potential regulatory consequences, with investors quickly reassessing their positions in the stock. The breach affects millions of customers and could result in significant financial and reputational damage.

$MRVL bucked the broader market trend, rallying nearly 2% ahead of its Tuesday earnings report. Analysts are predicting strong results driven by artificial intelligence datacenter demand, with expectations set at 74 cents per share for the quarter. Microsoft announcement that it would expand its use of Marvell LiquidSecurity hardware provided an additional catalyst, demonstrating the growing footprint in the AI infrastructure space.

$KGC posted a modest gain of 0.82% as analysts highlighted three key growth attributes that could help Kinross Gold outperform the broader market. With gold prices remaining elevated and the mining company demonstrating solid operational execution, growth-focused investors are taking notice of the stock fundamental strengths.

$SHOP dropped nearly 6% despite reporting that Black Friday merchant sales jumped 25% to reach $6.2 billion. The enthusiasm was short-lived as technical outages struck on Cyber Monday, one of the most critical shopping days of the year. The timing couldn't have been worse, and analysts questioned whether the infrastructure problems would damage merchant confidence heading into the final weeks of the holiday season.

$KEY saw its preferred stock Series G shares cross the 6.5% yield threshold as investors hunted for income in an uncertain market environment. The 5.625% fixed rate perpetual non-cumulative preferred shares attracted attention from dividend-focused portfolios seeking stability amid the volatility.

$LEG surged an impressive 16.37% after Somnigroup proposed an all-stock acquisition at a 30.3% premium to the trailing 30-day average closing price. The offer promises Leggett and Platt shareholders participation in the combined entity upside potential, sparking speculation about whether competing bids might emerge.

$MRNA crashed 7% following reports that an FDA director issued a memo allegedly linking Covid vaccines to ten deaths. The news sent shockwaves through vaccine manufacturers, creating fear and confusion among investors who had been counting on continued demand for the mRNA technology platform.

$CRDO fell 3.64% despite recently crossing above the average analyst target price of $171. The stock had been trading at $177.60, but profit-taking set in as traders locked in gains. Notable options activity suggested institutional players were positioning for additional volatility.

$SBUX declined 2.5% as TD Cowen maintained its Hold rating with an $84 price target. Analysts warned that the coffee giant turnaround efforts face more complexity than many investors realize, pointing to labor spending pressures, margin dynamics, and cost headwinds that could weigh on 2026 earnings expectations.

$GM dipped 0.78% as unusual options activity revealed that deep-pocketed investors had adopted a bearish stance on the automaker. The positioning in the options market often serves as a leading indicator of sentiment shifts, prompting traders to pay close attention to the stock near-term trajectory.

$CVX added 1.01% following news that TotalEnergies agreed to sell a 40% interest in Nigerian offshore exploration licenses PPL 2000 and PPL 2001 to a Chevron subsidiary. The deal represents an expansion of the partnership between the two energy giants and reflects ongoing consolidation in offshore exploration assets.

$SNPS soared 4.85% after Nvidia announced a stunning $2 billion investment in the chip design software maker as part of a strategic partnership to revolutionize engineering and design. The multi-year collaboration will leverage Nvidia CUDA accelerated computing, agentic AI, physical AI, and Omniverse digital twins to achieve unprecedented simulation speed and accuracy.

$RBLX fell 1.3% despite being highlighted as an ARK heavyweight where analysts see significant upside potential. Technical indicators suggested the gaming platform had entered oversold territory, though concerns about user growth and monetization efficiency kept buyers on the sidelines. The stock remains the fifth-largest position in Cathie Wood ARK Investment portfolio with a $736 million stake.

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