Ford F 150 Lightning Electric Truck
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Take a look at the companies with the biggest gains at noon:
ford — Shares fell 5.1% after the automaker said the price of its electric F-150 Lightning pickup would drop by as much as $10,000. All versions of the EV will see price cuts of at least $6,000 as Ford works to ramp up production this fall. Rivian shares fell about 3%.
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tesla — Elon Musk’s electric car company rose 1.9% in midday trading Build the first Cybertruck Weekend after multiple delays.
black knight — The stock jumped 13.8% after the mortgage data provider made the announcement It will sell its Optimal Blue business Acquisition of a subsidiary of Constellation Software for $700 million paves the way for it to be acquired by Intercontinental Exchange.
AT&T — The telecom stock slumped more than 5.8 percent from Friday’s losses after Citigroup downgraded it to neutral. The bank cited uncertainty related to its historical use of lead-jacketed cables.
Bridge Biopharmaceuticals — Shares soared 80% Company Announcement The company’s heart drug showed “statistically highly significant improvements” in patients in a phase 3 study.
Activision Blizzard — The video game maker rose about 3.2 percent Microsoft After Microsoft bought Activision Blizzard, Sony struck a deal to keep its Call of Duty game on Sony’s PlayStation console.
Paramount Global — Shares of the entertainment company fell 4.4% after the new film “Mission: Impossible” missed expectations at the box office. The latest installment in the franchise took in $56.2 million domestically over the weekend, less than the previous film in the franchise, after taking in $80 million in its first five days in theaters. according to species.
Apelis Pharmaceuticals — Shares down nearly 21.4%, says American Society of Retina Specialists It is reported that Intraocular inflammation, including six cases of retinal vasculitis obliterans, occurred after taking Apellis Pharmaceuticals’ Syfovre.
cry — Digital advertising stocks rose 10.7% after Goldman Sachs upgraded the stock to “buy” from “neutral.” The company’s risk-reward tilt has become more aggressive, the firm said.
progress — The stock rose 4.6% after JPMorgan raised it to overweight from neutral. Following the acquisition, Progressive’s valuation is now attractive, the Wall Street firm said. poor grades in juneand said the company has long-term profitability and growth potential.
snowman — Shares of the cooler company fell 5.8% after KeyBanc downgraded its sector weight to underweight. The Wall Street firm expressed concern about Yeti’s growth and its large wholesale channel inventory.
State Street — Shares in the asset manager fell more than 3.1% after several Wall Street firms including JPMorgan Chase & Co. downgraded the company. State Street’s second-quarter results released Friday showed net interest income fell about 10% from the first quarter.
Fig — The apparel retailer fell 2.4 percent after being downgraded to perform from outperform by Raymond James. A slowing economy and the restart of student loan payments could hurt Fig’s near-term growth, the company said.
CRYPTO STOCKS – Several crypto mining stocks were higher after the Bitcoin hash rate hit an all-time high last week despite seasonally higher U.S. electricity prices.Following Ripple’s partial court victory on Thursday, Cantor also raised his price targets on the mining stocks in his coverage, including clean sparkup 4.6 percent on Monday, and iris energy— Up 3.4%.
—CNBC’s Samantha Subin, Alex Harring, Tanaya Macheel and Brian Evans contributed reporting.