Check out some of the companies making headlines in midday trading: Novo Nordisk — The maker of the Wegovy obesity treatment jumped more than 4% as sales of its oral weight loss treatment got off to a strong start. In the first week of its launch, about 1.3% of Wegovy prescriptions were for the oral version. Regions Financial — Shares of the Birmingham, Ala.-based regional bank fell nearly 3% after it reported disappointing fourth-quarter earnings. Regions earned 57 cents per share excluding items. That was below the 61 cents per share prediction from analysts surveyed by FactSet. Energy stocks — The Trump administration is pushing for technology companies to bankroll power plants amid a rise in energy-guzzling data centers. Companies tied to electric utility infrastructure rose, including GE Vernova and Bloom Energy , which both gained about 6%, and Quanta Services , which advanced about 5%. Independent power producers, however, tumbled, with Constellation Energy dropping nearly 10% and Vistra falling 7%. Micron Technology — The chipmaker climbed more than 5% after board member Mark Liu revealed in a securities filing that he bought $7.8 million of stock at market prices. The purchases were notable as Micron shares have already skyrocketed more than 246% over the past 12 months. AST SpaceMobile — Shares soared nearly 13% after AST SpaceMobile was picked as a primary contractor for the U.S. Missile Defense Agency’s SHIELD program, part of the Trump administration’s Golden Dome. AST, which is developing a low-Earth satellite broadband system, will work in a number of areas on the project. AMCR — The Swiss packaging company’s American Depositary Receipts dropped about 6% on the New York Stock Exchange after it completed a 1-for-5 reverse stock split. ImmunityBio — The biotech company jumped 28%, adding to a 30% rally in the previous session sparked by strong guidance for its bladder cancer drug Anktiva. ImmunityBio expects full-year revenue for the drug to jump 700%. Worthington Steel — The Columbus, Ohio-based maker of hot- and cold-rolled steel rose 3% after agreeing to buy Germany’s Kloeckner & Co. , a metal processor, for an enterprise value of $2.4 billion. Coupang — Shares rose about 2% after Deutsche Bank upgraded the Korean retail giant to buy, saying most of the regulatory uncertainty has been priced in. QXO — Shares fell 5% after the roofing products maker announced it would sell $750 million in common stock. PNC Financial Services — The Pittsburgh-based bank rose 3% after posting better-than-expected fourth-quarter results and offering promising guidance. PNC reported revenue of $5.96 billion versus an LSEG consensus estimate of $5.89 billion. Earnings of $4.88 per share also exceeded a forecast of $4.22 per share. PNC also put its total revenue growth by the end of 2026 at roughly 11%, topping the 8.7% estimated by analysts. Honeywell — The industrial giant ticked nearly 2% higher after receiving an upgrade to overweight from neutral at JPMorgan. The bank said investors should buy the stock as Honeywell moves forward with its planned break-up. — CNBC’s Fred Imbert and Scott Schnipper contributed reporting
Add A Comment
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Popular Post
© 2026 Budgetsmart.ai – All rights reserved.