Top Midday Decliners

MT Newswires Live01:47

ServiceNow (NOW) shares sank 26% following its Q3 results.

RBC said in a note that the Q3 results exceeded guidance but was short of market expectations while investors await proof of AI monetization. RBC cut its price target to $165 from $176 while keeping its outperform rating.

More than 48.5 million shares traded intraday, compared with a daily average of about 15 million.

Fortinet (FTNT) shares slumped 22% after several analysts cut their price targets following its Q3 results, including Wells Fargo to $115 from $160 and Deutsche Bank to $130 from $160.

Over 11.5 million shares traded intraday versus a daily average of roughly 4.4 million.

Alphabet's (GOOG, GOOGL) Q3 earnings unexpectedly declined while revenue missed analyst expectations.

Shares retreated 12%, with more than 91 million shares traded intraday, against a daily average of about 26 million.

Price: 110.37, Change: -39.76, Percent Change: -26.48

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