Stocks making the biggest moves midday: Spirit AeroSystems, Zscaler, Dell, Advanced Micro Devices and more

Here are the firms grabbing the spotlight in today’s midday stock trading:

Spirit AeroSystems — The stock witnessed a surge exceeding 12% following indications of Boeing engaging in negotiations with Spirit, with an aim to reacquire the fuselage supplier, almost two decades after becoming an independent entity.

Hewlett Packard Enterprise — This tech stock experienced a nearly 2% boost following a Q1 earnings report showing profits of 3 cents per share, outperforming analysts’ predictions, according to LSEG. Despite revenue falling short of Wall Street projections at $6.76 billion and weaker forecasts for the forthcoming quarter.

Daimler Truck — The shares of this commercial vehicle giant skyrocketed by more than 18% post the announcement of an unprecedented yearly profit and approval of a 2 billion euro ($2.16 billion) share buyback.

New York Community Bancorp — The company’s shares plummeted almost 24% as the Long Island-based bank voiced concerns regarding its “internal controls” post-market close on Thursday, alongside introducing a new CEO.

Root — Shares of this insurance firm surged close to 18%, hitting a 52-week record after receiving an upgrade to buy from neutral by Jefferies. The bank also escalated its price target from $30 to $40, signaling approximately a 25% upswing.

Zscaler — Despite surpassing Wall Street earnings expectations for the recent quarter, the cybersecurity stock nosedived more than 8%. Analysts flagged potential concerns about the company’s growth rate in the upcoming semester.

Dell Technologies — The company’s shares rocketed over 25% post their fourth-quarter results that surpassed analysts’ expectations courtesy of the robust demand for their artificial intelligence servers. The firm also increased its annual dividend by 20% to $1.78 per share.

Advanced Micro Devices, Marvell Technology, Micron Technology — AMD’s stock was up 4% in midday trading due to continued investor excitement over artificial intelligence-related shares. AMD’s market cap exceeded $300 billion on Thursday. Shares of Micron Technology and Marvell Technology also ascended over 5% and 7%, respectively.

Meta Platforms — The parent company of Facebook and Instagram saw a modest uptick of around 2%, keeping pace with the broader tech sector as the Nasdaq Composite hit a record high on Friday.