Check out the companies that are trending in intraday trading: Broadcom — Shares rose 7% after the Information reported that the semiconductor maker is helping Apple develop artificial intelligence chips. Apple stock rose less than 1%. C3.ai — The enterprise artificial intelligence software company fell 9% following JPMorgan’s downgrade from neutral to underweight. Analyst Pinjarim Bora cited overvaluation as the catalyst for this change, adding that he expects stocks to underperform in 2025. Macy’s — Shares fell less than 1% after the department store chain lowered its fiscal year forecasts. Macy’s now expects adjusted earnings per share of $2.25 to $2.50, compared with its previous guidance of $2.34 to $2.69. GE Vernova — Shares of the energy equipment maker rose 5% after the company announced it would begin paying a 25-cent per share dividend and initial $6 billion in stock buyback authorizations. GE Vernova also raised its profit margin forecast for 2028 from 10% to 14%. Dave & Buster’s Entertainment — The arcade and dining company plunged 20% after missing revenue and revenue expectations and CEO Chris Morris announced he would step down. Dave & Buster’s had third-quarter sales of $453 million and a loss of 84 cents per share. Analysts surveyed by LSEG had expected a loss of 37 cents per share on revenue of $466 million. Duolingo — Shares fell 5% after Bank of America downgraded the language learning company from buy to neutral. The bank said Duolingo already appears to be trading at a “top valuation” and said it may be difficult for the company to beat consensus estimates in its next quarterly report. GameStop — Meme stocks soared 8% after the video game retailer posted a surprise profit in its latest quarter. GameStop reported net income of $17.4 million in the third quarter, compared to a net loss of $3.1 million in the year-ago period. PATERSON — The dental and animal health company soared 36% on news that Paterson will be acquired by Patient Square Capital. The healthcare investment company plans to pay $31.35 per share, and the transaction is expected to close in the fourth quarter of Patterson’s fiscal year 2025. Stitch Fix — Shares rose 44% after the online personal styling company raised its fiscal second quarter earnings guidance. The company also raised its full-year revenue outlook to $1.14 billion to $1.18 billion, up from its previous estimate of $1.11 billion to $1.16 billion. General Motors — The Detroit automaker fell 1% after pulling out of its cruise robo-taxi service, in which it had previously spent more than $10 billion. General Motors said it would no longer provide development funding, citing an increasingly competitive market and capital allocation priorities as reasons for the decision. Bausch & Lomb — Shares plunged 12% after Citi downgraded the contact lens supplier from buy to neutral. The bank cited increased competition as the reason for the downgrade. Wolverine Worldwide — Shares rose 7% after Stifel upgraded the company, which owns shoemaker Merrell and Saucony brands, from hold to buy. The company said Wolverine Worldwide’s earnings growth potential looks compelling and that next year will be a “transformational year” for the stock. JetBlue — rose 11% after the airline revealed plans to add domestic first class seats to aircraft without the existing top-of-the-line Mint class starting in 2026. This is JetBlue’s latest effort to appeal to premium customers over the long term. Plan based on profitability. Figs — The medical apparel maker soared 22% after the Wall Street Journal reported that Figs had received a takeover offer from Story 3 Capital Partners. The private equity firm valued the company at more than $1 billion and offered $6 for each outstanding share of Fiji’s common stock it did not already own, the magazine reported. Krispy Kreme — Shares fall 1% after the donut chain reveals it has filed a regulatory filing with regulators for a cybersecurity breach that disrupted operations, including online ordering, at a U.S. pharmacy benefit management company — CVS Shares of Health, UnitedHealth and Cigna each fell about 6% after lawmakers proposed a Senate bill that would ban companies that own health insurance companies and PBMs from owning pharmacy businesses. The bill would force these companies to exit the pharmacy business within three years. —CNBC’s Michelle Fox, Alex Harring, Ha-Kyung Kim, Yun Lee, Sara Ming and Pia Shin contributed reporting.
Stocks with the biggest price movements at midday: AVGO, GEV, SFIX, GME
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