Noon in the biggest move: Check out the companies that are creating Revolution Medicines. Biotechnology stock increased by 13% with the release of positive test data for Daraxonrasib, a drug intended to treat pancreatic cancer. The company is expected to launch a Phase 3 trial in the fourth quarter based on the latest findings. Delta Air Lines – Airlines fell more than 3% after the company repeated its third-quarter revenue guidance. Delta is seeing earnings of $1.25 per share and $1.75 per share. Micron Technology – Semiconductor manufacturer stocks jumped over 9% after Citi hiked its stock price target, but continued to rated the company’s purchases. The company said it hopes that more than expected demand from the data center market will drive a “decent results and consensus guide” ahead of the company’s fourth quarter revenue release through September 23rd, to promote a “decent results and consensus guide.” The company also shared that quality ratings for Medicare plans are in line with expectations. Opendoor Technologies – Meme Stock rose 65% as the next CEO after an online real estate platform named Shopify Executive Kaz Nejatian. Former CEO Carrie Wheeler resigned last month after investor pressure. Oxford Industries – Parents of Tommy Bahama and Lilly Pulitzer jumped 22% after their second quarter adjusted earnings per share exceeded expectations. Oxford said it expects the impact of tariffs to be less than expected earlier this year. Alibaba – The US-registered shares of Chinese e-commerce company rose 4% following Alibaba’s plans to offer a $3.2 billion coupon convertible senior note in 2032, which will provide a mature $3.2 billion coupon convertible senior note. Oracle – The Cloud giant added 2.6% after Wednesday’s Gangbuster Day. The stock rose nearly 36%, the highest day since 1992, after Oracle’s revenue report and artificial intelligence forecasts. It currently has a market capitalization of $922 billion. KROGER – The grocery chain has increased by 2% after reporting mixed financial results. Adjusted revenue for the second quarter was $1.04 per share, exceeding the 99 cents expected by analysts voted by LSEG. Revenue of $33.94 billion fell below the consensus estimate of $341 billion. Holdings of Celsius – Energy drink stocks rose 2.7% following the launch of Goldman Sachs at the time of purchase. Goldman said Celsius is growing strongly and has become a rapidly growing category. Chewy – Online pet retailers added 2% after a 16% drop on Wednesday. Chewy reported a sharp decline in revenues year-over-year, but Deutsche Bank upgraded its shares on Thursday. The company said it continues to drive profits in meaningful industry shares and sees accelerating revenue growth in 2026. ThermoFisherScientific – Shares in Life Sciences Research Company rose 2% after an upgrade at Barclays. The company said the absolute and relative ratings have reached a more attractive level. Synopsys – One day after losing 35% in the background of the revenue report, the stock rose 10%. Semiconductor Tools Suppliers won $1.74 billion with revenues of $3.39 per share, with an LSEG consensus estimate of $3.74 per share that fell short of $1.77 billion. -CNBC’s Alex Hurling, Liz Napolitano, Michelle Fox and Sarah Min contributed the report. (Learn the best 2026 strategies from within NYSE with Josh Brown and others on CNBC Pro Live. Tickets and info here.)
The most active stocks are DAL, RVMD, and CNC.
