Check out the companies that are trending in intraday trading. FuboTV — The streaming provider soared 251% after confirming it had struck a deal to combine its online live TV business with Walt Disney. The new business will be 30% owned by Fubo and 70% by Disney, forming the second-largest digital pay-TV provider behind YouTube TV. Pony AI — The China-based self-driving car company rose 2.6% after Pony AI announced in a statement Friday that it is launching a robotaxi service in Hong Kong as a first step in its global expansion. did. Paycor — Shares in payroll services provider Paycor soared 23% after Bloomberg reported that the company is in advanced talks to be acquired by larger competitor Paychex. A deal could be announced as early as this week, sources said. T-Mobile — Telecommunications stocks fell 3% after Wells Fargo was downgraded from overweight to equal weight. The investment firm said growth in key metrics has slowed, increasing the risk to the stock as T-Mobile trades at a hefty premium to its major competitors. Dutch Brothers — Shares rose 2.5% after the coffee chain received an upgrade from Neutral to Outperform at Baird. The investment firm said it has become “more confident in the short-term fundamentals setting” as the new year begins and still expects stocks to have plenty of upside. Shares of Capri Holdings — the parent company of Coach and Michael Kors — soared 8%. The increase was due to BMO upgrading the stock to outperform its market performance rating due to “extremely negative and indifferent sentiment.” VeriSign — Internet stocks rose 2.5% after regulatory filings revealed Warren Buffett’s Berkshire Hathaway raised an additional 20,044 shares for $4.1 million through trades on Tuesday, Thursday, and Friday. . The conglomerate has now bought VeriSign stock for 12 consecutive sessions. American Airlines — Airline shares jumped 3.2% after TD Cowen upgraded the stock to buy from hold. The company also set a price target of $25, a new Wall Street high, according to LSEG. Citigroup — Bank stocks rose 2.5% after Barclays upgraded the company from equal weight to overweight due to improved outlook for large banks. The company also said it may be at a tipping point after Citi reported annual revenue growth and positive operating leverage for the business. Semiconductor stocks – Semiconductor maker stocks rose on Monday after contract electronics giant Foxconn posted record fourth-quarter earnings. Taiwan Semiconductor’s stock rose 5.5%, while Micron Technology rose more than 10%. Meanwhile, Advanced Micro Devices and Nvidia also rose more than 3%. MicroStrategy — Bitcoin agency drops nearly 12% after announcing it aims to raise up to $2 billion in preferred stock that will be used to acquire more Bitcoin and strengthen MicroStrategy’s balance sheet It has risen. Plug Power — hydrogen fuel cell system developer posted a 20% profit. It had previously increased by 13% on Friday after the U.S. Treasury announced final rules for multibillion-dollar tax credits for companies involved in hydrogen production to grow the clean energy industry. Chewy — Shares rose 3.1% after Mizuho upgraded the online pet food retailer from neutral to outperform and raised its price target from $24 to $42, up about 17% from Friday’s close. suggested that. “Short-term concerns about increased advertising spending are short-sighted,” said analyst David Bellinger. —CNBC’s Sean Conlon, Michelle Fox, Alex Harring, Yun Li, Sarah Ming, Jesse Pound and Samantha Subin contributed reporting.
Stocks with the biggest moves at midday: FUBO, PYCR, PLUG
