economy
Stocks Making the Biggest Moves Midday: Brown-Forman, Entergy, Meta Platforms, Carnival, Argan & More
Here are some of the stocks making headlines in midday trading.
TL;DR
- Entergy rose over 8% due to an agreement with Meta for a data center, projecting significant customer savings.
- Carnival shares fell more than 3% after lowering its full-year profit forecast, affecting competitors.
- Meta Platforms shares dropped over 3% amid recent court losses and layoffs.
- Cybersecurity stocks, including Palo Alto Networks and CrowdStrike, declined on concerns over new AI models' security risks.
- Brown-Forman gained 6% on news of merger discussions with French company Pernod Ricard.
- AstraZeneca's stock increased 3% following positive trial results for its experimental COPD drug.
- Tripadvisor gained 3% after receiving an upgrade from Bank of America.
- Argan rallied 35% after reporting fourth-quarter earnings and revenue that surpassed expectations.
- Unity Software surged over 8% after issuing preliminary first-quarter adjusted EBITDA that exceeded previous guidance.
- Crypto stocks fell as Bitcoin tumbled more than 3%, with companies like Coinbase and Robinhood seeing declines.
- Memory stocks rebounded Friday after recent losses, with Micron and Sandisk among those advancing.