stocks
Stocks making the biggest moves midday: AeroVironment, Abivax, Astera Labs, Watts Water Technologies & more
Here are the companies making headlines in midday trading.
TL;DR
- Semiconductor stocks, including Astera Labs, KLA Corp, and Applied Materials, saw significant gains.
- Watts Water Technologies jumped over 7% following an upgrade from Barclays, which highlighted its potential benefit from data center capital expenditures.
- Abivax shares surged 40% after releasing new data on its ulcerative colitis treatment.
- SolarEdge shares increased 7% amid reports of a potential U.S. ban on foreign inverters.
- Air Products and Chemicals rose more than 8% after deciding not to proceed with its Louisiana Clean Energy Complex due to unmet financial return criteria.
- Zimmer Biomet shares fell 7% subsequent to Pacira BioSciences announcing the sale of its Iovera pain therapy system.
- AeroVironment rallied approximately 17% after reporting better-than-expected earnings and revenue.
- Digital Realty Trust experienced a nearly 5% decline after agreeing to purchase a stake in data centers from Blackstone for $7.8 billion.
- Merck and AbbVie shares each decreased slightly amid a congressional investigation into their China-based trials.
- Strategy, a crypto proxy stock, lost about 7%, and Bitcoin also fell in the session.
- Sellas Life Sciences shares reversed earlier gains, trading down 4% amid potential takeover speculation related to executive severance benefit changes.