economy

Stocks making the biggest moves midday: DoorDash, Robinhood, Broadcom, Sandisk & more

Here are the companies making headlines in midday trading.

Stocks making the biggest moves midday: DoorDash, Robinhood, Broadcom, Sandisk & more

TL;DR

  • Nvidia's stock rose as investors returned to tech stocks, marking a significant winning streak.
  • Caterpillar's shares dropped after acquiring Monarch Tractor, a self-driving electric tractor company.
  • Nike's stock advanced following disclosures of significant insider buying by its CEO and a director.
  • American Eagle Outfitters' shares jumped as it launched a summer campaign featuring actress Sydney Sweeney.
  • DoorDash shares popped on Barclays' assessment of its leadership in autonomous food delivery, with Instacart also seeing gains.
  • Uber Technologies' stock surged on a report of its substantial investment plans in autonomous vehicles.
  • Bank of America and Morgan Stanley reported strong first-quarter results, exceeding analyst expectations.
  • Broadcom's stock increased after announcing a collaboration with Meta Platforms on custom chips.
  • Snap shares rose after announcing workforce reductions to reallocate resources towards profitability.
  • Gitlab's stock climbed following an expanded partnership with Google for its AI offerings via Google Cloud.
  • Robinhood and Webull shares jumped due to the SEC ending day-trading limits for smaller retail investors.
  • PNC Financial's stock advanced despite a revenue miss in its first-quarter report.
  • Memory stocks, including Sandisk, Western Digital, Seagate Technology, and Micron Technology, saw declines as a prior rally cooled.