Large Cap Movers: JFrog, Marvell and Sandisk Rebound as Telkom Indonesia Hits a 17-Year Low and Sea Limited Slides
JFrog rose 8.6%, Marvell 8.0%, Sandisk 7.6% and Datadog 7.3% among large caps, while Resolution Minerals fell 6.6%, Telkom Indonesia hit its lowest level since March 2009 and Sea Limited dropped 4.9%.
Technology and software names led the large cap gainers on Monday, Oct. 19, as JFrog, Marvell Technology, Sandisk and Datadog each rose more than 7% from recent lows or key moving averages. On the downside, Resolution Minerals, Telkom Indonesia, RB Global, Sea Limited and NRG Energy fell between about 4% and 7%, several of them to multi-month or multi-year lows. Prices and moves below are intraday and can change by the close.
Large cap gainers
The four gainers share a pattern: each was rebounding from a recent low or bouncing off a moving average. JFrog and Marvell were recovering toward or above their 50-day averages after their lowest closes in weeks. Sandisk rose from its lowest close since mid-August and still trades well below its 50-day average. Datadog was the only one with a stated catalyst in our data: Bernstein's upgrade to Outperform with a $350 target. The moves fit with the chip and tech rebound seen in premarket trading earlier today.
| Company | Ticker | Price | Change | % change | Context |
|---|---|---|---|---|---|
| JFrog | FROG | $91.55 | +$7.24 | +8.59% | Rising from its lowest close since early August back toward its 50-day moving average of $92.93 |
| Marvell Technology | MRVL | $245.97 | +$18.14 | +7.96% | Rising from its lowest close since mid-September back above its 50-day moving average of $241.57 |
| Sandisk | SNDK | $1,398.15 | +$98.85 | +7.61% | Rising from its lowest close since mid-August; 12% below its 50-day average ($1,593.05) but 15% above its 200-day average ($1,210.71), based on the prior close |
| Datadog | DDOG | $265.15 | +$18.04 | +7.30% | Bouncing off its 50-day moving average of $247.72; Bernstein upgraded the stock to Outperform from Market Perform with a $350 price target |
Large cap losers
The decliners are more mixed, and the data we have does not give a reason for most of the moves. Telkom Indonesia fell to its lowest level since March 2009, RB Global to its lowest since October 2024, and Resolution Minerals was on track for a fresh record close. Sea Limited and NRG Energy are both trading well below their 50-day moving averages.
| Company | Ticker | Price | Change | % change | Context |
|---|---|---|---|---|---|
| Resolution Minerals (ADR) | RML | $4.52 | -$0.32 | -6.61% | On track for a fresh record close |
| Telkom Indonesia (ADR) | TLK | $10.40 | -$0.64 | -5.76% | Falling to its lowest level since March 2009 |
| RB Global | RBA | $80.10 | -$4.20 | -4.98% | Falling to its lowest level since October 2024 |
| Sea Limited | SE | $89.20 | -$4.57 | -4.87% | Lowest level since late June; 17% below its 50-day average ($107.72) and 12% below its 200-day average ($101.41), based on the prior close |
| NRG Energy | NRG | $99.63 | -$4.12 | -3.97% | Falling to a two-week low, 8% below its 50-day moving average of $108.87 |
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