economy
Stocks Making the Biggest Moves Midday: Circle Internet Group, SAP, Netgear, Jefferies & More
Here are some of the stocks making headlines in midday trading.
TL;DR
- Circle Internet Group shares tanked following news of Tether's audit plans.
- SAP's stock slid after JPMorgan downgraded its rating and price target.
- Applied Optoelectronics surged 14% after receiving a significant order for 800G data center transceivers.
- Netgear's shares climbed 16% following a Federal Communications Commission ban on imports of certain consumer routers.
- Jefferies Financial Group rallied amid reports of a potential takeover by Sumitomo Mitsui Financial Group, though Jefferies is reportedly not interested in selling.
- Apollo Global Management fell 1% as it announced limitations on withdrawals from its private credit fund.
- Smithfield Foods jumped almost 5% on strong fourth-quarter results and increased its quarterly dividend.
- FS KKR Capital shares decreased after Moody's downgraded its bond rating to junk.
- Ralph Lauren was upgraded to 'buy' by Citi, with shares gaining 1%.
- Estée Lauder shares fell nearly 10% on confirmation of merger discussions with Puig.