economy
Stocks Making the Biggest Moves Midday: Super Micro, Cracker Barrel, Robinhood Markets, Truckers & More
These are some of the stocks posting the largest moves midday.
TL;DR
- Amazon's expansion into less-than-truckload shipping caused trucking company stocks like FedEx Freight Holding and Old Dominion Freight Line to slump.
- Super Micro Computer plunged 18% after announcing plans to raise $7 billion through equity sales.
- Chip stocks continued their decline, with Micron Technology, Advanced Micro Devices, and Broadcom falling.
- Devon Energy rallied over 6% after an upgrade from Evercore ISI following a positive mid-month update.
- Cracker Barrel soared 24% after raising its full-year guidance and reporting better-than-expected earnings.
- Casey's General Stores surged 14% on strong fiscal fourth-quarter results driven by fuel margins and sales.
- Gambling stocks like DraftKings and Rush Street Interactive climbed, with DraftKings expressing confidence in revenue and engagement.
- Robinhood Markets jumped 5% after reporting increased platform assets and receiving regulatory approval for IPO underwriting.
- Oscar Health added 3% following an upgrade from Barclays, citing re-rating potential and margin recovery.
- Cava climbed 6% after an upgrade to buy from UBS, highlighting its growth story.
- BILL Holdings dropped 4% to a 52-week low after a downgrade and price target reduction from Truist.
- Gold miners fell as gold futures dropped, with Anglogold Ashanti, Harmony Gold Mining, Gold Fields, Hecla Mining, and NovaGold Resources experiencing declines.