economy
Stocks making the biggest moves midday: SolarEdge Technologies, Super Micro Computer, FedEx & more
These are the stocks posting the largest moves midday.
TL;DR
- SolarEdge Technologies rose 14% on an upgrade from Jefferies, citing European energy security dynamics.
- Insperity shares rallied nearly 11% after Chairman and CEO Paul Sarvadi disclosed a significant share purchase.
- OneOK gained almost 4% after Jefferies upgraded the stock to buy, with analysts pointing to the conflict in Iran as a catalyst.
- SM Energy shares jumped close to 9% following an overweight rating and price target from JPMorgan, citing accelerated deleveraging.
- York Space Systems gained 22% after posting full-year revenue that exceeded analyst expectations.
- Super Micro Computer shares tumbled more than 26% after U.S. prosecutors charged employees with smuggling Nvidia chips to China.
- FedEx rose close to 2% on fiscal third-quarter results that beat expectations, and the company hiked its fiscal year earnings guidance.
- Arm Holdings shares rose 4.3% after HSBC issued a double upgrade, citing a transition to a major AI server CPU beneficiary.
- Planet Labs surged 26% on better-than-expected fourth-quarter results and guidance.
- Chipotle Mexican Grill edged up more than 1% after Mizuho upgraded the stock to outperform.
- Firefly Aerospace gained 2% on fourth-quarter results that topped expectations.
- Nexstar Media Group shares rose 4% after closing its acquisition of Tegna.
- Scholastic climbed nearly 9% after reporting a smaller-than-expected loss for the third quarter.