Stocks Making Significant Moves Midday: Moderna, Pilgrim's Pride, Target and More
Several stocks experienced significant midday movements due to a mix of positive developments and market reactions. Moderna surged 120% after its personalized cancer vaccine trial with Merck showed promising results; Merck shares also rose by 10%. Pilgrim’s Pride climbed nearly 15% following JBS's bid for the remaining stake in the company, marking one of its best days since early 2021. Gold miners saw a boost as Treasury Department actions lowered yields and increased gold demand—VanEck Gold Miners ETF (GDX) rose over 9%, with Coeur and Hecla each gaining more than 13%. Real estate and homebuilders also benefited from the yield drop, with companies like CoStar and Alexandria Real Estate Equities rising above 6%. Marvell Technology gained over 7% after Google announced a $12 billion stake in its custom chip development. Coinbase shares jumped nearly 11%, tracking Bitcoin’s rise to about $68,000. Target rose more than 5% following better-than-expected Q2 results and an earnings boost from tariff refunds.
Tickers: $ARE $CDE $COIN $CSGP $DHI $EL $GDX $GOOGL $HL $HOOD $LOW $LZB $MARA $MRCY $MRK $MRNA $MRVL $PPC $RIOT $TGT $TOL
Topics: acquisition_announcement cancer_vaccine_trial_results chip_development cryptocurrency_prices gold_miners homebuilders pharmaceuticals real_estate