economy
Stocks making the biggest moves midday: Lucid, AppLovin, Western Digital, Invesco & more
Here are some of the companies seeing the biggest moves in midday trading.
TL;DR
- AppLovin shares jumped 5% following bullish Wall Street reports and raised estimates.
- Invesco dropped nearly 5% after BlackRock filed to create an alternative to its QQQ Trust.
- Encompass Health rose more than 6% after CMS proposed a rate increase for fiscal year 2027.
- Kratos Defense & Security rallied 8% after an upgrade and potential for significant earnings growth.
- Boot Barn gained nearly 8% following an upgrade and favorable valuation.
- Elbit Systems increased almost 4% after being awarded $750 million for rocket artillery systems.
- Lucid Group fell more than 5% due to delivery interruptions for its Gravity SUV.
- Soleno Therapeutics surged 32% on news of its acquisition by Neurocrine Biosciences for $2.9 billion.
- Mara, Strategy, and Coinbase rose as Bitcoin prices increased.
- Dow and LyondellBasell Industries declined nearly 3% following downgrades.
- Memory stocks like Sandisk, Micron, Western Digital, and Seagate Technology continued to rebound.