Stocks making the biggest moves midday: NVO, NOW, FCX, GPCR
Check out the companies making headlines in midday trading. ServiceNow — Shares of the software company fell nearly 3% after it said it would acquire cybersecurity startup Armis for $7.75 billion . The deal, which should close next year, will bolster ServiceNow’s cybersecurity offerings. Mining stocks — With prices of gold, silver and copper at hitting fresh record highs , mining stocks were rallying in midday trading. Freeport McMoRan , Foran Mining and Taseko Mines all were up nearly 3%. Novo Nordisk — The drugmaker jumped 8% after its GLP-1 pill received approval from the Food and Drug Administration. “As the first oral GLP-1 treatment for people living with overweight or obesity, the Wegovy pill provides patients with a new, convenient treatment option that can help patients start or continue their weight loss journey,” Novo Nordisk CEO Mike Doustdar said in a statement. Viking Therapeutics , Structure Therapeutics — Shares of obesity drug developers rose on the news that Novo Nordisk had received approval for its oral weight loss drug. Both Viking and Structure have been working on their own oral medications and rose about 2% and 6%, respectively. Asana — The software stock tumbled more than 6% after the company’s chief operating officer, Anne Raimondi, disclosed she sold more than 160,000 Asana shares over the past few days. Crypto-linked stocks – Shares of companies related to bitcoin slipped after the third-quarter’s gross domestic product came in stronger than anticipated. The GDP’s reading of 4.3% chilled the market’s expectations for a rate cut from the Federal Reserve in early 2026. Coinbase shares dropped about 3%, while Robinhood , MARA Holdings and Strategy fell more than 2%. Bitcoin was last down by about 0.2%. Drone stocks — The Federal Communications Commission banned imports of all new model drones, citing national security risks. The news sent shares of U.S. manufacturers higher, including Unusual Machines , which added nearly 8%, and AeroVironment , which rose more than 2%. ZIM Integrated Shipping Services — The shipping services firm jumped 5% after it said its board is evaluating multiple competitive acquisition proposals. — CNBC’s Michelle Fox, Darla Mercado, Liz Napolitano, Fred Imbert and Sarah Min contributed reporting.
