Stock Market Movers: Boeing Plunges on Criminal Probe, Oracle Soars on Earnings Beat

London: 12 March 2024 (TraderMade): Today's stock market saw some companies celebrating big wins, while others faced turbulence. Here's a quick breakdown of the day's biggest movers:

Boeing Takes a Nosedive

Boeing (BA) shares sink after DOJ launches criminal investigation into a 737 MAX incident. Boeing is under investigation for potential manufacturing mishaps related to the 737 MAX.

Oracle Soars to New Heights

Oracle (ORCL) stock jumps over 13% on a strong earnings report. Oracle exceeded Wall Street's expectations with its quarterly earnings.

Persimmon's Profits Plummet

Persimmon (PSN.L) profits tumble, warns of challenging 2024. Housebuilder predicts another difficult year. Persimmon's profits have been hit hard by the subdued housing market.

Pets at Home Under Scrutiny

Pets at Home (PETS.L) dips as UK regulator probes pet medication costs. UK regulator investigates potential price gouging in pet medication. The CMA is investigating potential anti-competitive practices in the UK pet medication market.