Stocks making the biggest moves midday: Oracle, Jabil, Paramount, Texas Pacific & more
These are the stocks posting the largest moves in midday trading.
TL;DR
- Texas Pacific Land shares rose 8% on a data center development deal with Bolt Data & Energy.
- Jabil's stock fell 2% despite an upbeat forecast driven by AI data center demand.
- Oracle shares dropped 6% after a report indicated Blue Owl would not support its Michigan data center plans.
- Coursera agreed to buy Udemy for $2.5 billion, leading to stock gains for both companies.
- 8Hut surged 11% following a partnership announcement for AI infrastructure development.
- Brown-Forman fell nearly 5% after a downgrade to sell from neutral at Citigroup.
- Dbv Technologies shares jumped over 20% on positive Phase 3 trial results for a peanut allergy treatment.
- Warner Bros. Discovery's board recommended rejecting Paramount Skydance's takeover bid in favor of Netflix's proposal.
- Lennar shed 5% after its first-quarter guidance disappointed investors.
- Frontier Group gained 3% amid reports of merger discussions with Spirit Aviation.
- General Mills rose 3% following strong second-quarter earnings results.
- Lithium stocks soared in China after the government announced plans to revoke mining licenses.
- Recursion Pharmaceuticals popped almost 16% following an upgrade to overweight at JPMorgan.