economy
Stocks making the biggest moves midday: Oracle, Conagra, Salesforce, Goldman Sachs & more
Here are some of the stocks making headlines in midday trading.
TL;DR
- Oracle shares surged over 9% after highlighting its AI capabilities.
- Conagra's stock fell more than 5% with the announcement of a new CEO.
- Allogene Therapeutics soared nearly 30% on positive Phase 2 CAR T treatment data.
- Software stocks rebounded, with ServiceNow, Salesforce, and Microsoft advancing.
- Goldman Sachs shares dropped more than 2% despite an earnings beat, due to lower-than-expected trading unit revenue.
- Revolution Medicines surged almost 40% as its pancreatic cancer drug succeeded in a Phase 3 trial.
- Williams-Sonoma gained over 2% following a 'buy' upgrade from Goldman Sachs.
- Best Buy shares fell 3% after a downgrade to 'sell' by Goldman Sachs.
- Fastenal slid almost 8% despite meeting first-quarter earnings expectations.
- Energy stocks rose as oil prices climbed, with APA, Phillips 66, and Chevron gaining.
- Cruise line stocks declined due to rising energy costs and demand fears.
- Airline stocks also lowered amid demand concerns and higher jet fuel prices.
- Palantir rebounded 4% after a significant sell-off related to AI disruption fears.
- Leggett & Platt jumped almost 13% on an agreement to be acquired by Somnigroup International.