economy
Stocks making the biggest moves midday: Intel, AMD, Charter, Hims & Hers, Eli Lilly and more
These are the stocks posting the largest moves in midday trading.
TL;DR
- Comcast shares tumbled nearly 8% after a Deutsche Bank downgrade.
- Charter Communications fell 23% after reporting a decline in internet subscribers.
- Eli Lilly's stock slumped nearly 4% due to a soft start for its new GLP-1 pill.
- HCA Healthcare tumbled more than 7% due to fewer patient admissions from a milder flu season.
- Organon spiked 22% on reports of a potential $13 billion acquisition offer from Sun Pharma.
- Hims & Hers Health shares jumped more than 6% after JPMorgan initiated coverage with an overweight rating.
- Coursera shares fell more than 10% after disappointing first-quarter results.
- Intel shares rallied more than 23% after posting first-quarter earnings that beat Wall Street's expectations.
- Procter & Gamble stock popped more than 4% on better-than-expected fiscal third-quarter results.
- Advanced Micro Devices surged nearly 13% on renewed faith in the AI trade.
- Boyd Gaming slipped 4% after posting first-quarter earnings below consensus.
- SAP stock popped almost 6% after its latest quarter earnings beat expectations, with cloud revenue rising 19%.
- SLM shares added 3% after raising its full-year earnings guidance.
- MaxLinear's stock soared 77% after its first-quarter results outpaced expectations and it raised its forecast.
- ServiceNow rebounded by nearly 3% after experiencing its worst day ever on Thursday.
- Semiconductor stocks, including Arm Holdings and Qualcomm, joined a rally unleashed by Intel's earnings.
- Memory stocks like Sandisk, Lam Research, Micron Technology, Western Digital, and Seagate Technology also saw gains.