economy
Stocks making the biggest moves midday: Royal Caribbean, Exxon Mobil, Critical Metals, Netflix & more
These are the stocks posting the largest moves midday.
TL;DR
- Energy stocks fell sharply as oil prices dropped due to Iran opening the Strait of Hormuz for ceasefire duration.
- Travel stocks rallied after Iran declared the Strait of Hormuz open to commercial shipping.
- Critical Metals shares jumped over 40% after Greenland's government approved a significant stake transfer in a rare-earth mine.
- Strategy's shares gained about 13% as Bitcoin surpassed $77,000, making its bitcoin holdings profitable.
- Autoliv shares jumped 10% after exceeding first-quarter earnings and revenue estimates.
- Chemical stocks plummeted due to the Strait of Hormuz reopening affecting fertilizer component transport.
- Onto Innovation shares leapt over 8% after strong preliminary first-quarter revenue and an upgrade.
- Badger Meter shares tumbled 18% after its first-quarter earnings, revenue, and operating income fell short of estimates.
- Netflix shares fell 9% due to disappointing second-quarter earnings forecast and the chairman's planned departure.
- Alcoa shares fell 7% after missing earnings and revenue estimates for its last quarter.
- Affirm shares jumped more than 8% after Morgan Stanley named it a top pick.
- Albemarle shares fell more than 8% after a downgrade from neutral to outperform.
- Ally Financial shares jumped 9% after reporting an earnings beat but missing on revenue.