Check out the companies making headlines in the midday trading: CoreWeave – Cloud provider stocks have fallen over 7% in their second trading session since it was published. CoreWeave, which drove access to the Nvidia graphics process units to other major tech companies, suffered a disappointing debut last week. Nvidia also saw its shares fall more than 4% on Monday. Canada Goose – The Canadian outerwear company has slipped over 3% to a new low of 52 weeks, after Barclays downgraded its stock from equal weight to lower weight. The Wall Street company cited the potential impact of global macro pressure, increased competition and tariff exposure as reasons for the downgrade. MODENA – The biotechnology company fell 8.9% following the resignation of Peter Marks, the top vaccine regulator at the U.S. Food and Drug Administration. His departure, he said, was based on “misinformation and lies” about vaccinations, raising concerns about whether the Trump administration would quickly approve and promote important vaccines. celsius Holdings – Energy drink maker bought about 5.9% from Hold on the back of the Truist upgrade. Truist said the market has already been looking for past challenges in the first quarter of 2024 and 2025, focusing instead on the benefits of the acquisition of Alani Nu. Truist said the brand can successfully place women and companies in the US energy drink category. Tesla – The electric car manufacturer’s stocks pull back more than 1% on Stifel’s heels trimming the price target of the name, and the slow rollout of Tesla’s new Model Y and recent protests add pressure to sales. Stocks have lagged behind the wider market this year, suffering more than 36% losses since the start of the year. Crypto Stocks – Bitcoin-related stocks have fallen as flagship cryptocurrency prices fell over the weekend. Exchange companies Coinbase and Robinhood fell by about 1% and 0.7% respectively. Crypto Miner Mara Holdings lost 7.8%. Palantir Technologies – Defense Technology stock stocks fell 1.7%, getting back on track with the fifth straight loss session. Palantir shares fell more than 5% last week. United Airlines – Airline operators sold 1.7% on Monday, bringing their shares back on track in the worst month since March 2020. Stocks fell 27% in the fiscal year. PierAmerican and Delta Air Lines have similarly fallen by nearly 30% each of the months. Cooper Group – Mortgage service lenders rose 14.5% after the fintech platform rocket company announced the decisive agreement to acquire Cooper Group in an all-stock deal worth $9.4 billion. The transaction is expected to close in the fourth quarter of 2025. The rocket company’s shares traded about 9% lower. – Reported by CNBC’s Sean Conlon, Yun Lee, Alex Hurling, Michelle Fox and Lisa Han.
CRWV, Goos, TSLA, UAL, etc.
