Stocks making the biggest moves midday: Netflix, Xenon Pharmaceuticals, Coinbase, Sandisk, SpaceX & more
Here are some of the companies making headlines in midday trading.
TL;DR
- SpaceX shares slid 2% after pushing back the Starship launch date.
- Chip stocks rose, with VanEck Semiconductor ETF heading for a fourth straight winning day.
- Steel producers Steel Dynamics and Nucor saw shares fall after providing weaker-than-expected earnings guidance.
- Netflix shares declined nearly 5% following a downgrade to underweight by Wells Fargo.
- Xenon Pharmaceuticals stock sank 30% after pausing patient enrollment in clinical studies due to neuropsychiatric side effects.
- Cryptocurrency stocks rose as bitcoin surpassed $80,000, with Robinhood and Coinbase shares increasing significantly.
- Macom Technology Solutions stock was up 4% after BMO Capital Markets upgraded it to outperform.