Stocks making the biggest moves midday: Molina Healthcare, Intel, AXT, OceanFirst Financial & more
Check out some of the stocks posting the biggest moves in midday trading.
TL;DR
- Molina Healthcare shares advanced about 4% following "Big Short" investor Michael Burry's suggestion that it could be a takeover candidate.
- Intel shares rose more than 3% after Nvidia revealed it had purchased $5 billion worth of Intel shares.
- OceanFirst Financial Group shares fell 6% after announcing a $579 million all-stock merger with Flushing Financial Corporation, whose shares also slid over 8%.
- AXT shares rebounded 10% after a previous decline following the announcement of a public offering of common stock.
- Newmont mining stock increased 1.9% as silver and other precious metals rebounded.
- Meta Platforms acquired Singapore-based startup Manus, which develops AI agents, with deal terms undisclosed.
- Boeing shares rose almost 2% after receiving an $8.58 billion contract from the U.S. Air Force to build fighter jets for Israel's military.