Stocks making the biggest moves midday: MOH, INTC, AXTI, OCFC
Check out some of the stocks posting the biggest moves in midday trading. Molina Healthcare – Shares advanced about 4%. “Big Short” investor Michael Burry in a Substack post noted that the health insurer could be a takeover candidate. He compared it to Warren Buffett’s investment in Geico. Intel – The chip company rose more than 3%. A day earlier, Nvidia disclosed in a regulatory filing that it has bought Intel shares valued at $5 billion, completing a transaction the AI chip giant announced in September. Nvidia shares were little changed midday. OceanFirst Financial Group – The regional bank’s shares tumbled 6%. The company recently announced it would combine with Flushing Financial Corporation in an all-stock merger valued at $579 million. Flushing’s shares slid more than 8%. AXT – The manufacturer of semiconductor components saw shares rebound 10%. AXT sold off 5% on Monday after announcing it would issue more than 7 million shares of its common stock in a new public offering valued at roughly $87 million. Newmont — The mining stock rose 1.9% as silver and other precious metals rebounded from Monday’s pullback. Silver futures surged more than 7% on Tuesday, while the Global X Silver Miners ETF (SIL) gained 1.7%. Meta Platforms — The tech giant acquired Singapore-based startup Manus , which specializes in developing general purpose AI agents. The terms of the deal were not disclosed. The Facebook parent’s shares last advanced 1%. Boeing — The aerospace giant rose almost 2% after the U.S. Air Force awarded it an $8.58 billion contract to build fighter jets for Israel’s military. — CNBC’s Sarah Min and Fred Imbert contributed reporting.
