Discover the latest stock market movers in midday trading.
RPT Realty – RPT Realty saw a 17% surge in its shares following the announcement of its acquisition by Kimco Realty in a $2 billion all-stock deal. The acquisition is expected to close in early 2024.
Mister Car Wash – Piper Sandler upgraded the car wash stock to overweight from neutral, leading to a 6.1% increase in its value.
Boston Scientific – Boston Scientific’s stock rose nearly 6% after the company revealed positive results for its atrial fibrillation treatment.
CrowdStrike – CrowdStrike experienced a 3.7% decline after being downgraded by Morgan Stanley ahead of its earnings report.
3M – 3M’s industrial stock jumped 5.2% following reports of a $5.5 billion tentative settlement over combat earplug lawsuits.
Akero Therapeutics – Akero Therapeutics gained 4.2% as UBS initiated coverage with a buy rating for its nonalcoholic steatohepatitis treatment.
Alibaba Group & JD.com – Both companies saw a more than 2% increase in their stocks after the Chinese government announced measures to boost the stock market.
Xpeng – Xpeng’s shares surged 5.3% after announcing the acquisition of Didi’s smart electric car development business.
UGI – UGI’s stock rose 1.8% following an upgrade to overweight by Wells Fargo analyst Sarah Akers.
Micron Technology & Marvell Technology – Semiconductor stocks, including Micron Technology and Marvell Technology, saw a positive trend with a 2.5% and 3.1% increase, respectively.
Stay informed with the latest market updates from CNBC’s team of reporters.

Comments are closed for this article!