economy
Stocks making the biggest moves midday: Generac, Intuitive Machines, EchoStar, Meta, Braze & more
Here are some of the names making headlines in midday trading.
TL;DR
- Generac Holdings shares fell 7% due to a disappointing EBITDA margin forecast.
- Meta Platforms rose about 1% as it let go of several hundred employees.
- Intuitive Machines surged over 15% after securing a $180.4 million NASA contract.
- Arm Holdings shares climbed nearly 20% following the announcement of its first in-house chip.
- EchoStar gained nearly 11% on a report that SpaceX might file for an IPO.
- Chewy jumped 11% with strong guidance for net sales.
- KB Home fell almost 5% after its fiscal first-quarter earnings and revenue missed estimates.
- Braze climbed about 18% on strong revenue reports, despite missing earnings expectations.
- Terns Pharmaceuticals gained 5% as Merck agreed to acquire it for $6.7 billion.
- Robinhood Markets jumped 5% after authorizing a $1.5 billion stock buyback plan.
- Newmont and Freeport-McMoRan shares rose as the price of gold and copper increased.