economy
Stocks making the biggest moves midday: SpaceX, Coherent, Atlassian, Airbnb, Trade Desk & more
Here are some of the companies making headlines in midday trading.
TL;DR
- SpaceX gained 12% after insider lock-up provisions expired.
- Coherent shares popped nearly 16%, potentially benefiting from a proposed U.S. ban on Chinese data center components.
- Under Armour dropped over 3% after lowering revenue guidance due to softer demand.
- Twilio shares soared 31% after exceeding earnings and revenue expectations and boosting full-year guidance.
- Atlassian's stock was up over 32% following a beat on fourth-quarter revenue and earnings.
- Software stocks, including those in the iShares Expanded Tech-Software Sector ETF, rose on solid earnings.
- Microchip Technology jumped nearly 14% after reporting an earnings and revenue beat.
- Doximity surged 35% on positive commentary about its new AI search tool.
- Solar stocks increased after President Trump imposed tariffs on imported solar panel components.
- Airbnb shares surged 15% after reporting strong second-quarter earnings and revenue.
- Trade Desk shares tanked 20% after its second-quarter earnings and revenue fell below expectations.
- Cloudflare jumped over 8% after issuing solid guidance for the full year and current quarter.
- Akamai Technologies traded 5% lower as its third-quarter revenue guidance disappointed Wall Street.