Stock Market 12 February 2026

Citigroup stock tumbles as banks slide ahead of CPI, rate-cap noise returns

Citigroup stock tumbles as banks slide ahead of CPI, rate-cap noise returns

Citigroup shares dropped 4.2% to $112.45 in Thursday afternoon trading, extending losses as U.S. bank stocks slid ahead of Friday’s CPI data. Incoming CFO Gonzalo Luchetti warned a proposed credit-card rate cap could cut credit access for lower-income borrowers. JPMorgan, Bank of America, and Wells Fargo also fell. Investors cited rate expectations and political scrutiny of card pricing.
February 12, 2026
Thermo Fisher stock slides 4%: Datavant data pact and $3.8B notes put TMO in focus

Thermo Fisher stock slides 4%: Datavant data pact and $3.8B notes put TMO in focus

Thermo Fisher shares fell 4.3% to $504.53 Thursday afternoon, extending a recent slide. The company expects to settle a $3.8 billion debt offering on Feb. 12 to help fund its pending Clario acquisition. Thermo Fisher also announced a data collaboration with Datavant. An executive vice president sold 400 shares under a pre-set plan, according to an SEC filing.
February 12, 2026
Coinbase stock slides 8% as Wall Street cuts targets ahead of earnings after the bell

Coinbase stock slides 8% as Wall Street cuts targets ahead of earnings after the bell

Coinbase shares fell 8% to $140.95 Thursday afternoon ahead of its fourth-quarter results, due after the market close. Analysts cited weak crypto prices and trading volumes, with Monness, Crespi, Hardt downgrading the stock to “tactical sell.” Bitcoin dropped 2.2% to $65,644. Investors await updates on trading fees and stablecoin-driven revenue.
February 12, 2026
GE Vernova stock slips as GEV cools off near a fresh high on AI power trade jitters

GE Vernova stock slips as GEV cools off near a fresh high on AI power trade jitters

GE Vernova shares slipped 0.6% to $819.07 Thursday, pulling back after hitting a 52-week high the previous day. The company recently raised its 2026 revenue outlook to up to $45 billion and completed a $5.3 billion buyout of transformer-maker Prolec GE. Orders last quarter jumped 65% to $22.2 billion. Broader markets fell, with the Nasdaq down 1.6% in afternoon trading.
February 12, 2026
Carvana stock (CVNA) falls again after court order as earnings loom

Carvana stock (CVNA) falls again after court order as earnings loom

Carvana shares dropped 4.9% to $346.36 Thursday, extending losses after a U.S. court ordered the company to produce withheld email attachments in ongoing securities litigation. The order, signed Feb. 10, compels disclosure of communications tied to DriveTime. Investors remain cautious ahead of Carvana’s Feb. 18 earnings report. Executive Thomas Taira sold 1,047 shares on Feb. 9, SEC filings show.
February 12, 2026
T-Mobile stock jumps today as TMUS lifts 2027 cash outlook and ramps buybacks

T-Mobile stock jumps today as TMUS lifts 2027 cash outlook and ramps buybacks

T-Mobile US shares jumped 4.3% to $218.60 Thursday after the company raised its 2027 revenue and cash flow targets and said it would double first-quarter buybacks to as much as $5 billion. The company reported 962,000 postpaid phone net adds in Q4, but churn rose to 1.02%. T-Mobile also plans a euro-denominated bond offering. Management will stop reporting postpaid phone adds, shifting focus to account growth and ARPA.
February 12, 2026
AppLovin stock price dives in regular trading after earnings beat fails to calm competition jitters

AppLovin stock price dives in regular trading after earnings beat fails to calm competition jitters

AppLovin shares dropped about 18% to $375.13 Thursday after its quarterly report, despite beating sales estimates and forecasting higher first-quarter revenue. The company posted fourth-quarter sales of $1.66 billion and net income of $1.10 billion. CEO Arash Foroughi told analysts operating performance was at a record high. Investors remain concerned about competition and the impact of economic uncertainty on ad budgets.
February 12, 2026
Shopify stock price slides: SHOP selloff shifts focus to cash‑flow margin and $2 billion buyback

Shopify stock price slides: SHOP selloff shifts focus to cash‑flow margin and $2 billion buyback

Shopify shares dropped 7.8% to $109.44 Thursday morning after the company forecast a lower first-quarter free cash flow margin despite strong revenue growth. The stock had briefly topped $121 earlier in the session. Shopify reported $3.67 billion in fourth-quarter revenue and $715 million in free cash flow. A $2 billion buyback program begins February 17.
February 12, 2026
ICON (ICLR) stock price tumbles 40% after accounting probe delays 2025 results

ICON (ICLR) stock price tumbles 40% after accounting probe delays 2025 results

ICON plc shares plunged 42% to $77.73 after the company disclosed an audit committee investigation into its accounting and delayed its 2025 results. Preliminary findings suggest revenue for 2023 and 2024 may have been overstated by less than 2% each year. ICON withdrew 2025 guidance and expects to report material weaknesses in financial controls. The company aims to release results by April 30.
February 12, 2026
GOOG stock rebounds as Alphabet clears $32 billion Wiz hurdle and sells rare 100-year bond

GOOG stock rebounds as Alphabet clears $32 billion Wiz hurdle and sells rare 100-year bond

Alphabet’s Class C shares rose 0.4% to $312.47 Thursday morning after EU regulators cleared Google’s $32 billion Wiz acquisition. The company also raised £1 billion with a rare 100-year sterling bond as part of a $31.51 billion global debt sale. Alphabet shares had closed down 2.29% Wednesday. The European Publishers Council filed a new antitrust complaint over Google’s AI Overviews.
February 12, 2026
Sandisk stock price jumps as memory-chip shortage headlines lift SNDK again

Sandisk stock price jumps as memory-chip shortage headlines lift SNDK again

Sandisk shares surged 10.3% to $661.18 in morning trading Thursday, following news of Samsung’s latest HBM4 memory chip shipments and ongoing supply concerns. Seagate, Western Digital, and Micron also advanced. Memory prices have climbed up to 90% since late 2025, with companies overbooking components and PC makers raising prices. Sandisk forecast third-quarter revenue of $4.4–$4.8 billion.
February 12, 2026
Argan stock jumps again before the open after 14% surge; options turn busy

Argan stock jumps again before the open after 14% surge; options turn busy

Argan Inc shares climbed 1.8% to $430 in premarket trading Thursday, extending a 13.7% surge from the previous session. The company’s backlog reached $3.0 billion in December, driven by new Texas gas projects. Options trading spiked Wednesday, with 2,358 contracts exchanged. Director John R. Jeffrey Jr sold 5,000 shares on Jan. 27 at $360.78 each.
February 12, 2026
ACM Research stock jumps 12% premarket as call buying spikes ahead of Feb. 26 results

ACM Research stock jumps 12% premarket as call buying spikes ahead of Feb. 26 results

ACM Research shares surged 12.3% to $70.68 in premarket trading Thursday after heavy options activity, especially in March $80 calls. The move comes ahead of the company’s Feb. 26 earnings report. ACM last updated its 2025 and 2026 revenue outlook in January, citing wafer-fab equipment spending and policy risks. A recent Shanghai unit share transfer also trimmed a major shareholder’s stake.
February 12, 2026
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