Stocks making the biggest moves midday: Novo Nordisk, ServiceNow, Freeport-McMoRan, Structure Therapeutics & more
These are the stocks posting the largest moves in midday trading.
TL;DR
- ServiceNow's stock declined nearly 3% following its $7.75 billion acquisition of cybersecurity startup Armis.
- Mining stocks, including Freeport McMoRan, Foran Mining, and Taseko Mines, saw gains as gold, silver, and copper prices hit record highs.
- Novo Nordisk's stock surged 8% after its oral weight loss drug, Wegovy, received FDA approval.
- Shares of obesity drug developers Viking Therapeutics and Structure Therapeutics rose on the news of Novo Nordisk's approval.
- Asana's stock dropped more than 6% after its COO disclosed selling a significant number of shares.
- Crypto-linked stocks slipped as stronger-than-anticipated GDP data reduced expectations for a Federal Reserve rate cut.
- Drone stocks, such as Unusual Machines and AeroVironment, rose after the FCC banned imports of new model drones due to national security concerns.
- ZIM Integrated Shipping Services jumped 5% on news that its board is evaluating acquisition proposals.