SAP SE (ADR) (SAP), Tesla Motors Inc (TSLA) and Wal-Mart Stores Inc (WMT): Market Movers of The Day

CNBC’s Fast Money traders reported the market’s big movers, with several companies’ price swings creating particular controversy. Wal-Mart Stores, Inc. (NYSE:WMT)’s up by almost 1% from its last trading day, to a value around $76.7, Tesla Motors Inc (NASDAQ:TSLA)’s down by more than 3%, to a price of about $254.7 and SAP SE (ADR) (NYSE:SAP) dropped by 1%, hitting a spot of approximately $74.65.

SAP SE (ADR) (NYSE:SAP)’s new $8.3 billion acquisition of Concur Technologies, Inc. (NASDAQ:CNQR) has negatively affected the stock price of the former company. The later tech firm enjoyed a spike of almost 20% in valuation post-acquisition and seems to maintain the current level of little above $127. CNBC’s traders recommend a little patience for the ones long on SAP SE (ADR) (NYSE:SAP), because the stock is got a hold around $74 level and in a couple of days its price will stabilize.

Tesla Motors Inc (NASDAQ:TSLA)’s been hit hard by the month of September as the stock price fell almost 6% in total. The electric car maker might need to raise capital in order to see its valuation get back on track, according to Goldman Sachs Group Inc (NYSE:GS) notes. Guy Adami suggested buying the stock if it gets to the $225 level.

Wal-Mart Stores, Inc. (NYSE:WMT) has announced its plans of hiring about 60,000 temporary workers ahead of the holiday season.

“[…] and the focus on e-commerce and the idea that a lot of people had sold this company off when they actually had the earnings guides wasn’t as good as people expected. This stock is actually going higher. I think, they’re actually starting to turn the corner,” said Pete Najarian.

Obviously, the sales will go up as we get closer to the holidays, but the increase seems less impressive in relative terms, the company’s total employees number is more than 2 million. Nevertheless, it is good news for the ones with a long position on the stock.

Disclosure: none
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