Stocks Making the Biggest Moves Midday: Tesla, Broadcom, Nike, ON Semiconductor & More
These are some of the stocks posting the largest moves midday.
TL;DR
- Tesla stock increased 5% on exceeding third-quarter delivery expectations.
- Broadcom shares rose over 3% on a report of a large loan to Anthropic for infrastructure financing.
- Nike's stock fell almost 6% due to missed revenue expectations and declining sales in China.
- ON Semiconductor revised its buyout offer for Synaptics, causing Synaptics shares to surge 14% and ON Semiconductor shares to rise over 5%.
- Nexalin Technology shares plunged 26% after agreeing to a new distribution and manufacturing deal.
- Vylor shares rose 2% after being named to enter the S&P 500 following its spinoff.
- Seagate Technology and Western Digital shares tumbled 13% on news of Toshiba doubling hard disk drive production.
- Allegro Microsystems shares popped 9% on initiation of coverage with an outperform rating.
- Arxis shares jumped 4% following an upgrade to outperform from RBC Capital.
- Onto Innovation shares advanced more than 5% with RBC initiating coverage with an outperform rating.