Stocks Making Significant Moves Midday: Akamai, Genius Sports, People Inc., and Others
Several stocks experienced notable price movements midday due to a mix of new contracts, analyst ratings changes, earnings reports, and acquisition rumors. Akamai Technologies rose nearly 5% after securing an $11.6 billion contract with Anthropic over seven years, along with granting the AI firm warrants for up to 5% ownership at $111.33 per share. Genius Sports jumped 13%, driven by JPMorgan's overweight rating citing strong growth and profitability potential. Meanwhile, People Inc surged nearly 10% after reports suggested MGM Resorts was considering a bid following the company’s withdrawal of its own offer to acquire the casino operator. Costco shares climbed over 2.7% on better-than-expected Q4 results, while Microsoft gained 3% as it launched an updated Copilot app targeting enterprise users.
Tickers: $AKAM $CANSF $COST $GENI $META $MGM $MSFT $TWLO
Topics: Akamai Technologies Atlas Energy Solutions Costco Wholesale Genius Sports People Inc. Scholastic Twilio