Stocks making the biggest moves midday: CrowdStrike, Plug Power, Comerica and more

Here’s a rundown of the companies creating a stir in midday trades.

CrowdStrike has caught the market’s attention with its shares falling over 10% after a cybersecurity glitch caused major IT disruptions across industries such as airlines, hospitals, and financial services. This event also marginally affected Microsoft shares and sent shares of CrowdStrike’s competitors, SentinelOne and Palo Alto Networks, rising by around 9% and 2% respectively.

Plug Power shares slumped 13%, making it the fourth year of losses for the green energy company. The company recently declared its plans to sell $200 million of stock, which is currently priced around $2.50 per share.

Comerica’s shares dipped nearly 11% following the release of its Q2 financial results, which showed a decrease in net interest income compared to last year. The bank’s CEO, Curtis Farmer, has linked high rates to pressures on the bank’s deposits.

Hawaiian Electric saw its shares skyrocket 32% following reports of the utility company’s tentative agreement to settle lawsuits regarding last year’s Maui wildfires for over $4 billion.

Shares of Intuitive Surgical hiked 8% after Q2 results exceeded Wall Street forecasts. The company posted adjusted earnings of $1.78 per share on a revenue of $2.01 billion.

American Express shares dropped 3% after Q2 results fell short of expectations in areas of revenue. The financial company reported a revenue of $16.33 billion, below the anticipated $16.59 billion.

SLB shares rose by 3% following the release of Q2 earnings amounting to 85 cents per share on an adjusted basis, beating the 83 cents per share forecasted by analysts.

Travelers shares declined 7% after Q2 results showed lower than expected revenue, at $11.12 billion, as opposed to the estimated $11.34 billion.

Arm Holdings saw its shares rise 3.6% after receiving an upgrade from Morgan Stanley due to the growing importance of Arm’s products in the development of edge artificial intelligence.

Halliburtonshares  fell more than 4% after reporting a revenue of $5.83 billion, falling short of the expected $5.95 billion. However, earnings were in line with consensus estimate at 80 cents per share.

Meanwhile, Huntington Banc shares reported a near 3% increase in share price after Q2 earnings surpassed analyst predictions. The regional bank reported earnings of 30 cents per share on a $1.82 billion revenue.