Stocks making the biggest moves midday: CoreWeave, Bending Spoons, Bank of America, Dell, Hewlett Packard Enterprise & more
Here are some of the companies making headlines in midday trading.
TL;DR
- IonQ shares dropped 8% following a $2 billion equity offering announcement.
- Bending Spoons shares soared 40% after Berkshire Hathaway made a new $330 million investment.
- CoreWeave tumbled 15% as its bonds sold off sharply.
- Bank of America stock fell 7% after reporting a sharp decline in third-quarter profit due to a $1.2 billion penalty.
- BlackRock shares rose about 1% after reporting earnings and revenue that beat analysts' expectations.
- ASML's U.S.-listed shares fell less than 1% after a slight miss on third-quarter net sales.
- GameStop shares gained more than 2% after CEO Ryan Cohen disclosed a significant share purchase.
- Albemarle added 1% after Mizuho upgraded the stock to outperform.
- Dell Technologies and Hewlett Packard Enterprise shares were down more than 8% and nearly 5%, respectively, after a downgrade by Barclays.
- Morgan Stanley shares were down 3% after reporting third-quarter investment banking revenue that fell short of estimates.