economy
Stocks Making the Biggest Moves Midday: EyePoint, Intuitive Machines, Workday, JetBlue & More
These are some of the stocks posting the largest moves midday.
TL;DR
- Intuitive Machines shares jumped 9% on an "authorization to proceed" for a $600 million program.
- EyePoint Pharmaceuticals stock plummeted about 70% after its wet age-related macular degeneration treatment failed a Phase 3 trial.
- JetBlue Airways stock dropped 6%, continuing a recent downward trend, with Seaport Research downgrading it to neutral.
- Onto Innovation shares climbed 5% after Goldman Sachs initiated coverage with a buy rating.
- Workday shares fell 4% after Deutsche Bank downgraded the stock to hold from buy.
- Alibaba shares rose nearly 1% on reports it plans to sell its game development business for over $2 billion.
- Several memory chip stocks, including Sandisk, Western Digital, Micron Technology, and Seagate Technology, were higher after the U.S. Commerce Secretary stated the Trump administration opposes Apple buying Chinese memory chips.
- Intel shares were up almost 4% after CEO Lip-Bu Tan purchased over 105,000 shares.
- SoFi Technologies stock was fractionally higher after Piper Sandler initiated research coverage with an overweight rating.
- Okta shares gave back early gains despite a Wells Fargo upgrade.