Check out the companies making the biggest moves at noon: TopBuild — The insulation contractor rose nearly 8% after agreeing to acquire Specialty Products and Insulation for $1 billion in cash. “The addition of SPI’s resources and capabilities further strengthens our customer value proposition, and its complementary manufacturing footprint strengthens and expands our presence across North America,” TopBuild CEO Robert Buck said in a statement. Confluent — The data infrastructure platform soared 9% after Reuters reported it was considering a sale after attracting acquisition interest. Reuters reported that the potential sale began after private equity firms and other technology companies expressed interest in the deal, citing anonymous people familiar with the matter. CG Oncology — The cancer stock rose more than 8% after Guggenheim initiated coverage with a buy rating and price target suggesting strong future gains. The company said it is bullish on CG’s non-muscle invasive bladder cancer treatment. Alcoa — The aluminum maker soared more than 4% after Wells Fargo initiated research coverage with an overweight rating and a $40 price target, according to FactSet. Penguin Solutions — The enterprise solutions provider for the computing, memory and LED markets fell 16% after reporting a drop in fourth-quarter revenue. Revenue was $338.3 million, compared to the FactSet consensus estimate of $342.1 million. Adjusted earnings per share exceeded expectations. Freeport-McMoRan – The copper-gold miner soared 5% after Citi upgraded FCX to an acquisition target, expecting copper prices to rise in the first half of 2026. Viasat — The satellite communications provider soared nearly 9% after winning a contract from the U.S. Space Force’s Protected Tactical Satellite Global Program. Viasat is one of five companies participating in the program to build a satellite network with anti-jamming capabilities. Fresh Pet — The pet food maker fell about 7% after BofA downgraded Fresh Pet from buy to neutral and lowered its price target from $81 to $60, according to Street Accounts. Joby Aviation — Shares of the electric air taxi maker fell 6% after the company raised $514 million with an offering of 30.5 million shares priced at $16.85 per share. AST SpaceMobile — The broadband cell phone network soared 9% after signing a deal with Verizon to provide customers with cell phone service from space starting in 2026. Verizon fell 0.4%. Trilogy Metals — The Canadian copper explorer’s U.S.-listed shares rose another 4% a day after the White House announced the U.S. would take a 10% stake in the company, which is looking to open a new mine in remote Alaska, a day after its price more than tripled. Rocket Lab — The aerospace manufacturer rose more than 6% after winning contracts for three additional rocket launchers. Metals Company — The undersea mining company fell nearly 6% after surging Tuesday on speculation it could reach a deal with the Trump administration. Ionis Pharmaceuticals — Added 3% to the drug maker after JPMorgan upgraded its rating from Neutral to Overweight. JPMorgan said Ionis had an “active” September and provided “encouraging” updates at its innovation events. Figma — The design software vendor soared 15% after OpenAI announced it would integrate its technology into ChatGPT. FAIR ISAAC — The credit reporting agency fell more than 9% after Equifax announced that its VantageScore 4.0 mortgage credit score would cost $4.50 over two years, less than half the price of FICO. Equifax added 2%. Nvidia — The leading maker of AI semiconductors rose nearly 2% after reports that the chipmaker will help finance xAI chips as part of a $20 billion deal. — CNBC’s Fred Imbert, Michelle Fox, Christina Cheddarburg, Spencer Kimball, Lisa Han and Alex Harring contributed reporting. (Learn the best strategies for 2026 from inside the NYSE with Josh Brown and others on CNBC PRO Live. Tickets and information here.)
BLD CFLT AA VSAT Joby
