Stocks Making Significant Moves Midday: SpaceX Shares Fall Below IPO Price; Apple, Alibaba, Baidu Rise on Regulatory News
Midday trading saw significant movements in several stocks. SpaceX shares fell below their $135 IPO price for the first time after four consecutive declines. Meanwhile, Apple's stock rose 4% following regulatory clearance of its AI service in China, which also boosted Alibaba and Baidu. Memory chip stocks like Micron dropped around 8%, driven by concerns over competition from Chinese rivals such as ChangXin Memory Technologies.
Tickers: $AAPL $ALL $AON $BABA $BIDU $CAVA $MU $PGR $SNDK $STX $TRV $WDC
Topics: Alibaba Apple Baidu Cava Insurance stocks Lionsgate Memory stocks SpaceX