Check out the companies making their biggest moves at noon: Topgolf Callaway Brand – Stock prices rose 5%, increasing their surge of nearly 15% in the previous session. Topgolf received a boost Monday after the director disclosed the purchase of additional shares. INSMED – Stocks have skyrocketed over 26% after the global biopharmaceutical company announced the positive results of the 2B study of Treprostinil Palmitil inhaled powder, a once-daily treatment of pulmonary artery hypertension. United Therapeutics fell by more than 15%. JM Smucker – Food company pulled back 13% after fourth quarter revenue of $2.14 billion in fourth quarter revenue missed a fact set consensus estimate of $2.18 billion. The company’s guidance also missed expectations. Taiwan Semiconductors – Chipmaker’s US list stocks rose more than 1% after earnings rose 39.6% year-on-year in May. Revenues from January to May were 42.6% higher than the same period a year ago. SOLAREDGE, SUNRUN – Solar stock has been boosted after the Wall Street Journal reported that a group of large tech companies were lobbying lawmakers to maintain clean energy subsidies as President Donald Trump’s spending bill passed the Senate. Solaredge popped 12% and Sunrun won 4%. Separately, UBS hiked Solaredge’s price target from $17 to $20. Casey General Stores – Retail inventory rose more than 11% due to stronger than expected fourth quarter results. Casey won $2.63 per share with revenue of $3.99 billion. Analysts were expecting revenues of $1.94 per share and $3.93 billion per fact set. The company also hiked its dividend by 14%. Apple – iPhone maker stocks rose slightly, recovering some of Monday’s losses following Monday’s annual Worldwide Developers Conference. The company has announced a prominent software update called Liquid Glass, but was unable to reveal any critical artificial intelligence updates. Tesla – Shares in the electric car maker are moving more than 3%, adding to Monday’s progress of more than 4%. Trump said Monday he “good” wants Tesla CEO Elon Musk and has no plans to cancel the Starlink at the White House. The pair had a public feud last week. Musk brought heart emojis to the video of the president’s remarks about X. Calavo Growers – Avocado distributor plummeted more than 17% after second quarter revenue and revenue fell weaker than expected. Calavo Growers posted adjusted earnings of 40 cents per share with revenue of $105 million. Analysts voted by FactSet were looking for revenues of 53 cents per share and $128 million. McDonald’s – After Redburn Atlantic double-down, the fast food chain fell more than 1% after rating its stock to a selling rating for walkway declines. The Wall Street company also cited concerns about GLP-1 obesity drugs, pricing and expectations of curbed growth.
Noon stock making the biggest move: modg, insm, sjm, sedj
