Stocks making the biggest moves midday: Oracle, Apple, Metsera, Compass, Kenvue and more
Check out the companies making headlines in midday trading : Better Home & Finance Holding — The mortgage lender briefly soared as much as 176% Monday after hedge fund manager Eric Jackson in a social media post on X called Better Home “the Shopify of mortgages” and said the company is rebuilding a $15 trillion industry from scratch using artificial intelligence. Oracle — The software company’s stock rose nearly 5% after it named Clay Magouyrk, president of Oracle’s cloud infrastructure business, and Mike Sicilia, preside of Oracle Industries, as chief executive officers . The pair replace Safra Catz, who will shift to a new role as executive vice chair. Molson Coors — The brewer fell 2% after it named Rahul Goyal as its CEO . Goyal replaces Gavin Hattersley, who retires this year. Apple — The tech giant’s stock jumped around 4% on reports of strong demand for the iPhone 17 in its first weekend of sales. According to reports, the company is benefiting from consumers wanting to replace aging devices. Nvidia — The chipmaker’s stock rose more than 3% after it announced plans to invest $100 billion in OpenAI. Teradyne — The stock jumped 10% after Susquehanna raised its price target to $200 from $133. Analyst Mehdi Hosseini said Teradyne is gaining traction with its Taiwan Semiconductor collaboration for GPU wafer sort testing, and it’s not reflected in the stock’s price. Coinbase , Strategy — With the price of bitcoin down more than 2%, shares of stocks tied to the cryptocurrency were falling. Crypto exchange Coinbase shed 3%, while bitcoin treasury company Strategy was down more than 2%. Steven Madden — The shoemaker’s stock rose 5% after receiving an upgrade from Piper Sandler to overweight from neutral. The firm cited tariff relief, fast inventory turns and the potential for margin upside, for its new stance. Metsera , Pfizer — The weight-loss drugmaker soared more than 60% after an announcement it would be bought by Pfizer for $4.9 billion in cash. The deal is expected to close in the fourth quarter. Pfizer shares ticked nearly 2% higher. Anywhere Real Estate , Compass — Brokerage giant Compass plans to take over rival Anywhere Real Estate, the parent of Century 21 and Coldwell Banker, for $1.6 billion in an all-stock transaction. The combined company is expected to have an enterprise value of about $10 billion, including the assumption of debt. Anywhere shares shot up more than 50%, while Compass shares tumbled more than 11%. Sarepta Therapeutics — The biotech company climbed almost 11% after an upgrade to outperform by BMO, which also called for the stock to more than double. “SRPT’s current valuation renders its risk/reward skewed to the upside,” the investment bank said. Kenvue — The Tylenol maker fell 7% after the Washington Post reported the Trump administration plans to announce Monday that use of the painkiller by pregnant women is linked to autism. Fox Corp . — PresidentDonald Trumpsaid in a Sunday interview that conservative media baronRupert Murdochand his son Lachlan, the chief executive of Fox Corp., are likely to be involved in the deal to save TikTok in the U.S . Fox Corp shares gained about 1%. Applied Materials — Shares gained more than 3% after a Morgan Stanley upgrade to overweight from equal weight. The investment bank noted that the chipmaker trades at an attractive valuation relative to peers. — CNBC’s Yun Li, Alex Harring, Fred Imbert, Michelle Fox and Scott Schnipper contributed reporting.
