Stocks making the biggest moves midday: Chipotle, Starbucks, Skydance, Marathon Petroleum & more
Here are some of the companies making headlines in midday trading.
TL;DR
- Energy stocks like Marathon Petroleum and APA climbed as oil prices increased following attacks in the Strait of Hormuz.
- Chipotle Mexican Grill shares rose significantly on a Financial Times report of Starbucks exploring an acquisition.
- Artificial intelligence stocks, including those in photonics and data centers, generally declined.
- GlobalFoundries gained nearly 5% after announcing a $2 billion manufacturing deal with TSMC.
- Haemonetics saw a substantial pop of 16% on news of CSL's expected rollout of its plasmapheresis platform.
- Palantir Technologies rose over 2% after Goldman Sachs upgraded the stock to 'buy', citing market potential for sovereign AI.