economy
Stocks Making the Biggest Moves Midday: Shopify, Advanced Micro Devices, PayPal, Intel, Coinbase & More
Here are the stocks making headlines in midday trading.
TL;DR
- Rockwell Automation's stock rallied 10% after reporting fiscal second-quarter results that exceeded analyst expectations and raising its fiscal 2026 profit outlook.
- Huntington Ingalls' shares dropped 11% despite reaffirming free cash flow projections and beating first-quarter expectations.
- Fiserv tumbled 9% following a 29% decline in first-quarter earnings per share and a 2% drop in revenue.
- Bullish surged approximately 12% after announcing a $4.2 billion deal to acquire Equiniti, a transfer agent.
- Shopify slid nearly 15% after forecasting a slowdown in second-quarter revenue and gross profit growth.
- DuPont jumped nearly 8% after lifting its full-year guidance and announcing an accelerated share repurchase program.
- Cytokinetics surged 17% on positive Phase 3 trial results for its hypertrophic cardiomyopathy drug.
- Coinbase shares fell more than 3% after announcing a 14% staff reduction, citing AI as a driver.
- Advanced Micro Devices added 4% ahead of its quarterly earnings report, with traders anticipating solid data center growth.
- PayPal dropped almost 9% following reports of significant staff cuts and disappointing guidance for the current quarter.
- Anheuser-Busch InBev surged 9% after reporting a quarterly earnings and revenue beat.
- Intel gained 13% on a report that Apple held early-stage talks about using its chipmaking services.
- Micron Technology added about 11% in sympathy with Intel's gains.
- Pinterest popped almost 9% after its second-quarter revenue guidance topped analyst expectations.
- Palantir slid nearly 7% despite its first-quarter results surpassing estimates.
- Paramount Skydance fell 3% but reaffirmed full-year guidance, with first-quarter results surpassing expectations.
- Waters Corp rose more than 12% after posting adjusted earnings and revenue that topped expectations, and increasing full-year guidance.
- Duolingo dropped 9% after reporting first-quarter monthly active users below estimates and disappointing second-quarter booking expectations.
- Diamondback Energy slipped 2% despite a first-quarter earnings and EBITDA beat and a 5% increase in its base cash dividend.
- Sonos dropped 6% after guiding for third-quarter revenue below analyst expectations.
- Firefly Aerospace fell about 5% after reaffirming its full-year revenue guidance within the expected range.
- Fabrinet tumbled 6% as its fourth-quarter revenue guidance disappointed the Street, overshadowing a beat on third-quarter results.
- IAC shares dropped roughly 7% after lowering its adjusted EBITDA and full-year operating income guidance for 2026.
- CNBC reporters contributed to the reporting.