Weekly Stock Recap: Market Ends on a Sour Note as Key Stocks See Major Moves
Overall market sentiment took a negative turn late in the week, with stocks facing significant pressure on Friday. Investors reacted to a combination of factors, including signs of a weakening economy in the latest U.S. jobs report and President Trump’s updated tariff announcements.
Here’s a look at the week’s most notable company news:
Meta Platforms (META): Blowout Earnings Fuel a Volatile Week
Meta delivered “blowout” quarterly results, causing its stock to surge over 11% on Thursday. However, the gains were partially erased on Friday as the stock fell back in line with the broader market decline. Analysts reacted positively to the strong report, with HSBC upgrading the stock to Buy and JPMorgan raising its price target to $875, citing “outsized revenue growth.”
Novo Nordisk (NVO): Guidance Cut Sparks a Massive Sell-Off
Shares of the pharmaceutical giant Novo Nordisk plunged by over 32% this week. The dramatic drop came after the company slashed its full-year 2025 financial guidance on Tuesday. Alongside the guidance cut, NVO also announced the appointment of a new CEO. HSBC admitted its previous bullish stance was wrong, stating its assumption that an FDA ban on compounding would help Novo Nordisk regain market share had “not played out.”
Amazon (AMZN): AWS Slowdown Disappoints Investors
Amazon’s stock fell more than 8% on Friday after its earnings release disappointed investors. While the e-commerce giant beat overall expectations for the second quarter, growth in its highly profitable cloud division, Amazon Web Services (AWS), fell short of estimates. Despite the miss, Benchmark analysts reiterated their Buy rating on the stock, advising that they would “use any share weakness to buy the dip” and expect AWS growth to accelerate later in the year.
Figma: A Look at a Past IPO
The provided text highlights a “blockbuster market debut” for the design software company Figma, noting its shares surged 250% from an IPO price of $33 to close at $115.50.
Please note: This appears to be information from a past event. Figma is not currently a publicly traded company. Adobe announced its intention to acquire Figma in 2022, but that deal was mutually terminated in late 2023. Figma remains a private company today.
Palo Alto Networks (PANW) and CyberArk (CYBR): A Major Acquisition
In a significant cybersecurity deal, Palo Alto Networks announced its plan to acquire CyberArk for approximately $25 billion. Following the news, Palo Alto’s shares fell, a common reaction for an acquiring company. Conversely, shares of CyberArk, the company being acquired, surged on the announcement.
