Stocks making the biggest moves midday: Palantir, Spotify, UPS, DocuSign and more

Here’s the latest news making headlines in midday trading:

Palantir – The leading provider of data analytics saw its shares skyrocket by over 24% following its quarterly revenue report of $608.4 million, surpassing analyst estimates of $602.4 million.

Coherent– The materials company’s shares soared 17% after reporting robust quarterly results. They announced earnings of 36 cents per share, exceeding predictions of 26 cents per share.

GE HealthCare Technologies – Following a stronger-than-expected earnings report, this medical technology company’s shares soared more than 11%.

Li Auto – Shares of this Chinese electric vehicle manufacturer experienced a 9% increase after Deutsche Bank upgraded its rating to buy from hold, citing attractive entry points.

Spotify Technology – The music streaming giant’s shares rose 6% due to price increases, cost-cutting measures, and a 15% increase in paid subscribers to 236 million.

Dopont de Nemours – The chemical company’s stock ascended 6% after reporting high-end profit guidance, a stock buyback announcement, and a dividend hike.

BP – The oil behemoth’s shares jumped around 6.4% after it announced a $3.5 billion share buyback and an increase in its dividend.

Willis Tower Watson – The company’s shares saw a 6% increase after beating Q4 earnings and revenue expectations.

Simon Property Group – The real estate investment trust’s stock rose 5% after a successful Q4 report and dividend increase.

CleanSpark – The Bitcoin miner’s shares jumped over 10% after acquiring three mining facilities and announcing an expansion.

United Parcel Service – The delivery company’s stock climbed 4.6% after UBS upgraded it from neutral to buy, expecting cost reductions, margin expansion, and earnings growth.

Check Point Software Technologies – Shares rose 2.4% after the company reported Q4 earnings and revenue that beat expectations.

DocuSign – The software company’s shares dropped over 3% following an announcement about a workforce reduction of 6% and a restructuring plan.

UBS – U.S. traded shares of the Swiss bank dropped over 5% after reporting its second consecutive quarter of losses and lower than expected revenue.

FMC – The chemical manufacturing company saw its shares fall 10% after reporting disappointing quarterly results and issuing weak guidance.

Rambus – The chipmaker’s shares plummeted 16% after reporting a year-over-year revenue decline in Q4.