economy
Stocks making the biggest moves midday: CarMax, Robinhood, Credo Technology, Wells Fargo & more
Here are the names making headlines in midday trading.
TL;DR
- CarMax shares fell 15% despite exceeding some analyst estimates.
- Bitcoin-linked stocks including Robinhood, Coinbase, and Strategy advanced as Bitcoin topped $75,000.
- PC makers Dell and HP declined after Nvidia reportedly denied a deal.
- Energy stocks dropped as oil prices fell amid potential U.S.-Iran negotiations.
- Travel stocks like Carnival, Royal Caribbean, Southwest Airlines, and Delta Air Lines rose as energy prices slid.
- Novo Nordisk shares popped 3% on a partnership with OpenAI.
- JPMorgan Chase and BlackRock reported better-than-expected earnings.
- Wells Fargo shares slid after its first-quarter results disappointed investors.
- Johnson & Johnson reported slightly better-than-expected first-quarter results.
- United Airlines and American Airlines shares gained amid merger reports.
- Ford Motor shares rose on an upgrade from UBS.
- Globalstar shares advanced after Amazon announced a $11.57 billion acquisition.
- Credo Technology jumped 18% on its agreement to acquire DustPhotonics.
- Bloom Energy and Oracle shares rose following an expanded partnership for AI and cloud capabilities.