economy
Stocks making the biggest moves midday: Berkshire, AMD, Circle, FedEx, UPS & more
These are some of the stocks posting the largest moves in midday trading.
TL;DR
- Logistics stocks like GXO Logistics, UPS, FedEx, and C.H. Robinson fell sharply on Amazon's entry into freight services.
- Berkshire Hathaway shares increased after CEO Greg Abel's positive outlook at the shareholders meeting.
- GlobalFoundaries stock rose on an upgrade from Cantor Fitzgerald, with expectations of accelerated long-term earnings.
- Global Business Travel Group stock soared after an acquisition offer from Long Lake, betting on AI's impact on travel.
- Celcuity shares jumped on positive Phase 3 study results for its advanced breast cancer drug.
- Norwegian Cruise Line dropped due to revised lower estimates for the second quarter and full year, citing fuel prices.
- eBay stock rose on an unsolicited acquisition offer from GameStop, which aims to challenge Amazon.
- Axsome Therapeutics shares continued to climb following FDA clearance for its Alzheimer's disease treatment.
- Crypto stocks, including Coinbase, Circle, BitGo, and Gemini Space Station, surged following a bipartisan agreement on a crypto market structure bill (CLARITY Act).
- Tyson Foods shares increased after reporting better-than-expected fiscal second-quarter financial results.
- Advanced Micro Devices stock declined after a downgrade from HSBC due to concerns about semiconductor capacity.