economy
Stocks making the biggest moves midday: Snap, McCormick & Co, Rocket Lab, Apellis, Marvell & more
Here are some of the names making headlines in midday trading.
TL;DR
- Snap shares surged 12% after activist investor Irenic disclosed a stake and proposed changes.
- FactSet's stock climbed over 4% following strong second-quarter earnings and an improved full-year forecast.
- Symbotic's shares jumped nearly 5% due to a strategic agreement with Associated Wholesale Grocers.
- Rocket Lab rose about 4% after receiving regulatory approval to acquire Mynaric.
- Constellation Energy's stock fell over 8% after a disappointing 2026 earnings forecast and lack of new deals.
- McCormick shares tumbled more than 5% on news of its planned $45 billion acquisition of Unilever's food business.
- Amphenol gained over 2% following an upgrade from Jefferies.
- Big Tech stocks, including Meta Platforms, Microsoft, Nvidia, and Apple, rose amid positive geopolitical news.
- Apellis Pharmaceuticals shares doubled after Biogen announced a $5.6 billion acquisition.
- Centessa Pharmaceuticals surged 45% on news of its acquisition by Eli Lilly.
- Novo Nordisk shares increased 1% following the introduction of a multi-month subscription plan for Wegovy.
- Marvell Technology jumped 7% after Nvidia announced a $2 billion investment and strategic partnership.