Stocks making the biggest moves midday: Nvidia, Boeing, Snap, Tyson Foods and more
In this photograph taken in Krakow, Poland, on April 10, 2023, a microchip and the Nvidia logo can be seen on a phone screen (Nurphoto | Getty Images). Here are some companies that are making waves in the midday trading scene:
Nvidia’s stock climbed by 4% to an all-time high after Goldman Sachs raised its price target from $625 to $800 per share.
Catalent and Novo Nordisk have seen significant growth, with the former increasing by about 10% due to an acquisition agreement with Novo Holdings. This all-cash deal, set to close by the end of 2024, offers $63.50 per share. Consequently, Novo Nordisk’s stocks have increased by over 3%.
McDonald’s shares dropped 4% due to previous quarter revenue underperformance. The fast-food giant attributes this to the conflict in the Middle East.
Snap’s stock slumped over 3% following the company’s announcement of a 10% workforce reduction, approximately 500 employees.
Eli lilly’s stocks rose nearly 5% in anticipation of their Tuesday quarterly report. Analysts expect earnings of $2.30 per share on $8.9 billion in revenue for Q4.
Boeing’s shares dipped nearly 2% after the discovery of a new quality issue with undelivered 737 Max planes, potentially delaying the delivery of roughly 50 aircraft.
Tysons Food saw a 2% rise in shares after strong Q4 results, exceeding analyst expectations according to LSEG.
Caterpillar’s shares surged, reaching a 52-week high, due to improved operating profit margins in Q4.
Estee Lauder shares soared by over 11% after surpassing Q2 analyst expectations.
ON Semiconductor’s stock rose almost 9% thanks to Q4 results that surpassed Wall Street predictions.
Air Products and Chemicals’ shares dropped 14% after missing fiscal Q1 estimates.
Zscalers’ shares slumped by 6% due to the abrupt resignation of its COO Dali Rajic, who reportedly joined Wiz, a cybersecurity startup.
