Listed below are a number of the firms making headlines in noon buying and selling. Amylyx Prescription drugs – Shares surged 53% after the pharmaceutical firm stated its avexitide therapy met its main endpoint, in addition to all secondary endpoints in a Section 3 trial. Avexitide is a GLP-1 receptor agonist to deal with post-bariatric hypoglycemia. Meta Platforms – The Fb guardian slid 3%. A key trial kicked off on Tuesday by which a bunch of states are suing Meta over alleged hurt to kids and teenagers . Meta’s attorneys have beforehand stated that the trial might lead to damages as excessive as $1.4 trillion. Carvana – Shares of the net auto retailer had been down greater than 3% following gross sales of the inventory from two of its administrators. Late final week, director Danforth Quayle disposed of 14,525 shares of the corporate and director Ira Platt disposed of 30,000 shares, in keeping with firm filings delivered to the Securities and Alternate Fee on Monday. UGI Company – The utility popped greater than 12%. The Wall Road Journal reported , citing folks acquainted, that KKR made a $9 billion bid to take over the utility. At one level, buying and selling within the inventory was briefly halted for volatility. Synthetic intelligence shares – Shares linked to the AI buildout effort tanked in Tuesday’s buying and selling as traders took a risk-off posture. Photonics shares Coherent and Lumentum tumbled about 12% and 9%, respectively. Optical networks inventory Ciena misplaced round 10%, whereas Teradyne slid 9%. AI cloud computing play CoreWeave additionally fell 9%. Klarna – The buy-now-pay-later inventory tumbled 21% on weak steering for the third quarter and the total yr. For Q3, Klarna sees income between $940 million and $980 million. Analysts polled by FactSet anticipated a forecast of $1.11 billion. The corporate additionally slashed its steering for gross merchandise worth for 2026. Baidu – The Chinese language web title dropped 12% on weaker-than-expected outcomes for the second quarter. Earnings per common diluted share got here in at 7.22 yuan, under a FactSet consensus of 9.35 per EPADS. Income of 31.33 billion yuan was additionally under an estimate of 31.78 billion. Dwelling Depot — Shares had been marginally increased after the house enchancment retailer posted fiscal second-quarter outcomes that beat expectations on the highest and backside traces , and reaffirmed its full fiscal yr steering. Adjusted earnings of $4.92 per share topped the $4.73 anticipated by analysts polled by LSEG. Income of $47.86 billion exceeded the forecast $47.27 billion. Fabrinet — The optical product producer dropped greater than 20%. Fabrinet stated normal Q1 expense seasonality is anticipated to create a brief margin headwind in fiscal Q1 2027, in keeping with StreetAccount. Reminiscence shares — Reminiscence chip makers had been down as a bunch, with Micron Know-how and SK Hynix off almost 7% and eight%, respectively. Shares of Sandisk had been additionally down greater than 8%. Duolingo — The language studying platform rose 7% after D.A. Davidson upgraded Duolingo to purchase from impartial. “Whereas we predict the market has traditionally priced the dangers associated to [daily active users] deceleration and monetization points successfully, Duolingo is nearing a turning level,” the agency stated. — With reporting by CNBC’s Fred Imbert, Toby Burns, Nick Wells and Darla Mercado.
