Stocks Making Significant Moves Midday: Microsoft, SpaceX, Vaxcyte, Banco Bradesco, DraftKings Among Others
Several stocks saw significant midday movements due to a mix of corporate developments and market sentiment. Notably, shares of SpaceX surged by over 6% after Elon Musk confirmed discussions with TSMC regarding his chip venture in Texas; meanwhile, Microsoft gained more than 1% following an upgrade from Melius Research citing its AI leadership under CEO Satya Nadella. In Brazil, stocks rallied sharply as right-wing candidate Flavio Bolsonaro led the first-round presidential election. The iShares MSCI Brazil ETF (EWZ) jumped over 13%, with Banco Bradesco and Itau Unibanco rising by nearly 20% each. Elsewhere in biotech, Vaxcyte's shares climbed about 30% after positive Phase 3 trial results for its pneumococcal vaccine. PTC saw a dramatic rise of over 33%, as it agreed to be acquired by Schneider Electric at $205 per share. However, some stocks like Sphere Entertainment and Millrose Properties dropped significantly due to downgrades or short reports questioning their financial models.
Tickers: $BBDC $DKNG $EL $EWZ $HOG $INTC $ITUB $LEN $MELI $MRK $MRP.EUR $MSFT $PCVX $PFE $PTC $SPCE $SPHR $TSM $WFC
Topics: Brazilian stocks Intel Lennar Microsoft Millrose Properties SpaceX Sphere Entertainment TSMC Vaxcyte