Stocks making the biggest moves midday: Oracle, AeroVironment, American Eagle, Micron, Macy's & more
Here are some of the companies making headlines in midday trading.
TL;DR
- Homebuilding stocks tumbled as the 30-year fixed mortgage rate exceeded 7%.
- AI infrastructure-related stocks retreated amid investor risk-off sentiment.
- Oracle shares dropped ahead of its first-quarter earnings report.
- Elevance Health shares increased after projecting strong third-quarter earnings.
- Biohaven's stock plummeted after the FDA placed a partial clinical hold on an experimental epilepsy treatment.
- Macy's shares fell despite reporting a second-quarter revenue beat and raising full-year guidance.
- Apple shares rose after unveiling its foldable iPhone Duo.
- Copper miners' shares dropped along with copper prices.
- AeroVironment shares jumped after exceeding first-quarter earnings estimates.
- American Eagle Outfitters' stock fell as comparable sales declined.
- Navan's stock plunged despite narrowly beating earnings expectations and announcing an acquisition.
- Cooper Companies' shares declined after its fiscal fourth-quarter projections fell short of estimates.
- Enbridge shares slid after announcing the acquisition of Tallgrass Energy's crude transportation business.