Stocks Making Significant Moves Midday: Goldman Sachs, Webull, Worthington Steel, Micron Among Others
Several stocks experienced notable price movements midday due to a mix of earnings reports and external factors. Banks including Citigroup, Wells Fargo, and Goldman Sachs fell nearly 2%, while JPMorgan Chase, Bank of America, and Morgan Stanley dropped around 1% amid rising longer-dated Treasury yields. Webull shares tumbled 20% after concerns over national security risks due to its ties with the Chinese government were reported by a congressional panel. Worthington Steel fell 10% following weaker-than-expected first-quarter earnings, while NetApp rose 3% on an upgrade from Evercore ISI. Penguin Solutions gained 15%, and Constellation Brands added 2% after both companies beat expectations in their latest quarterly reports. Micron shares climbed 3% as D.A. Davidson highlighted strong demand for memory chips driven by AI growth. The market reaction reflects a combination of macroeconomic pressures, regulatory concerns, earnings performance, and sector-specific trends.
Tickers: $BAC $BULL $C $GS $JPM $MS $MU $NTAP $STZ $WFC $WOR
Topics: analyst upgrades earnings reports financial markets regulatory risk
Part of the story Stocks Making Significant Moves Midday: Marvell, Moderna, Lamb Weston and Others (4 articles)