Check out the companies that are trending in intraday trading. eBay – Shares rose about 10% to a 52-week high after Meta announced it was testing using Facebook Marketplace listings. Buyers from Facebook will be redirected to eBay to complete the transaction. The gains put the stock on track for its best day since late 2022. Edison International – Shares fell 10.2% as thousands of people were evacuated from the Los Angeles area as wildfires destroyed homes and infrastructure in the area. The decline puts the California-based utility on track for its worst trading day since March 2020. Getty Images – Image Database stock plunged 17.6%, reversing after surging more than 24% in the previous session. On Tuesday, Getty announced a $3.7 billion merger with Shutterstock. Shutterstock stock fell 11.1% on Wednesday after rising 14.8% in the previous session. SolarEdge Technologies – Shares fell 14.8% after Citi was downgraded from Neutral to Sell. The bank said that despite restructuring efforts, the company faces “stubbornly high” operating costs. Shares rose more than 6% and about 8% on Monday and Tuesday, respectively, after SolarEdge disclosed 400 job cuts in an SEC filing. Quantum Computing Stocks – Quantum computing stocks fell after Nvidia CEO Jensen Huang said the technology is likely decades away. Rigetti Computing and D-Wave Quantum’s stock prices fell over 45% and 36%, respectively, with Quantum Computing down over 43%. Aeon Q fell 39%. Maplebear – The grocery delivery company doing business as Instacart soared more than 4% ahead of its inclusion in the S&P MidCap 400 index, which takes effect before the bell on January 14th. Maplebear will be replaced in the index by Enovis. AAR Corp – Shares of the aviation services provider rose more than 8% on the back of better fiscal second-quarter profits and sales. For the period, AAR posted adjusted earnings of 90 cents per share on revenue of $686.1 million. Analysts polled by FactSet had expected earnings of 85 cents a share and revenue of $654.2 million. Palantir Technologies – Share price fell 2.5% following weakness in early 2025. The stock started the week down about 5% after Morgan Stanley assumed coverage with an underweight rating, indicating a downward-skewed risk-reward profile. Also earlier this week, Cathie Wood sold more than $15 million worth of software company stock across her Ark funds. The stock price has fallen about 15% over the past week. Arcadium Lithium – Shares rose more than 8% after the company announced it had received clearance from the Committee on Foreign Investment in the United States (CFIUS) for a proposed acquisition by Rio Tinto. Arcadium Lithium expects the transaction to close by mid-2025. Boston Scientific – Shares rose 4.3% after the company announced it had agreed to acquire Bolt Medical. Boston Scientific said it expects the transaction to close in the first half of this year. Advanced Micro Devices – Shares fell 4.3% after HSBC downgraded the company from buy to reduce, saying the chipmaker’s AI roadmap is not as competitive as previously thought. Cal-Maine Foods – The egg producer rose 1% after its latest quarterly results. Cal-Maine Foods earned $4.47 per share on revenue of $954.7 million, the latter figure up 82% from the year-ago period. Shell – The energy giant lowered its fourth-quarter liquefied natural gas production outlook to 1.8 after saying it expected oil and gas trading performance to be “significantly lower” than in the third quarter. % fell. Novo Nordisk – Shares soared nearly 3% after UBS upgraded the pharmaceutical giant’s rating from neutral to buy. “Novo remains the most exciting growth story in the European pharmaceutical industry and is well-positioned to continue to benefit from strong demand for GLP-1 medicines in the near term,” the bank wrote. Novo Nordisk’s stock price has plunged 40% in the past six months and ended 2024 down 17%. Kudos – The stock price rose almost 105% following the announcement that the company would be acquired by Transcurrent for $7.03 per share in cash, representing a total capital value of approximately $621 million. The deal is expected to close during the second quarter of 2025. —CNBC’s Fred Imbert, Alex Harring, Samantha Subin and Lisa Kailai Han contributed reporting.
EIX, EBAY, GETY, etc.
