Stocks making biggest moves midday: Tesla, UnitedHealth and more

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107390732 1711025974598 gettyimages 2092455601 ocr l ev jg 10

Check out the companies making headlines in midday trading. Tesla shares dropped nearly 5% after reporting an 8.5% decline in deliveries in the first quarter. The newly spun-off GE Vernova saw its shares close 1.4% lower on its first day of trading. Oilfield equipment maker ChampionX surged over 10% after agreeing to be acquired by SLB for $7.7 billion. PVH, the parent company of Calvin Klein and Tommy Hilfiger, saw its shares tumble more than 22% due to weak revenue guidance. Health insurance managed care stocks, Humana, UnitedHealth, and CVS, all fell after the Centers for Medicare & Medicaid Services announced a 3.7% increase in rates for 2025. Endeavor Group’s shares rose over 2% after being acquired by Silver Lake in a $13 billion deal. However, Blackstone’s shares slipped 3.6% following a downgrade by UBS. Nextracker saw a drop of around 6.9% after being downgraded by Barclays, while Figs, Petco, and D.R. Horton also saw their shares decline after being downgraded by Bank of America and Wedbush. Veeva Systems shares fell over 6% after the departure of its Chief Financial Officer.

Several companies are making headlines in midday trading. Tesla shares dropped nearly 5% after reporting an 8.5% decline in deliveries in the first quarter. GE Vernova saw a 1.4% drop in shares after starting trading on the NYSE following its spinoff from General Electric. ChampionX’s shares rose over 10% after it was agreed to be bought by SLB for $7.7 billion. PVH, the parent company of Calvin Klein and Tommy Hilfiger, saw a more than 22% tumble in shares due to weak revenue guidance. Health insurance managed care stocks like Humana, UnitedHealth, and CVS fell after CMS announced a 3.7% rate increase for 2025, lower than anticipated. Endeavor Group’s shares rose over 2% after a $13 billion acquisition by Silver Lake. Blackstone’s shares dropped 3.6% after a downgrade by UBS. Nextracker’s shares fell around 6.9% after a downgrade by Barclays. Figs saw a 7.4% drop in shares following a Bank of America downgrade. Petco’s stock dropped 6.7% after a downgrade by Bank of America. D.R. Horton’s shares slipped 3.8% after a downgrade by Wedbush. Veeva Systems’ shares fell over 6% after the company’s CFO left and an interim replacement was announced.

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