economy
Stocks Making the Biggest Moves Midday: Alphabet, AeroVironment, Salesforce, Apogee Therapeutics & More
Here are some of the companies making headlines in midday trading.
TL;DR
- Alphabet shares fell nearly 6% due to two high-profile researchers leaving for rivals.
- AeroVironment's stock dropped 11% after announcing a restatement of earnings due to a calculation error.
- Super Micro Computer shares jumped 14% following the announcement of its AI-focused Data Center Building Block Solutions Blueprint.
- CoreWeave's stock lost nearly 9% after disclosures of insider sales.
- Visteon Corp shares rose 7% after receiving upgrades from Barclays and JPMorgan.
- Salesforce shares declined over 2%, continuing a downward trend attributed to AI disruption fears.
- Apogee Therapeutics shares soared almost 47% as AbbVie announced its intent to acquire the company for $10.9 billion.
- Arcosa shares rose 7% after rival CRH agreed to purchase the company for $8.5 billion.
- SpaceX stock dropped more than 10% in its sixth trading session on the Nasdaq.
- Getty Images shares more than doubled, soaring 115%, after announcing a content agreement with OpenAI.
- Credo Technology shares rose more than 8% after Evercore ISI initiated coverage with an outperform rating.
- Micron Technology stock was up nearly 6% after receiving two price target hikes.
- Chevron shares rose about 1% after announcing an agreement to fuel a Microsoft data center with natural gas.