Check out the companies making headlines in intraday trading: JPMorgan, Bank of America, Wells Fargo — three U.S. banks that dominate trading on the Zelle payments network Both rose about 2% despite a lawsuit from the Consumer Financial Protection Bureau over fraud. . Cryptocurrency stocks — MicroStrategy, Coinbase, and Robinhood shares rose 12%, 2%, and 4%, respectively. In early Friday trading, the stock price fell in parallel with the price of Bitcoin falling from its highs. Novo Nordisk — Shares fell 18% after the Danish pharmaceutical giant announced weaker-than-expected late-stage trial results for its experimental weight-loss drug Kagrisema. Rival obesity drug maker Eli Lilly’s shares rose 1% after disappointing results, while diabetes management device maker Dexcom’s shares rose nearly 6%. Mission Produce — The avocado producer soared 17% after its fiscal fourth quarter results beat Wall Street expectations. US Steel — The steelmaker suffered a 5% loss after issuing weaker-than-expected fourth-quarter guidance. U.S. Steel expects a loss per share of 25 cents to 29 cents for the quarter, while analysts had estimated earnings of 22 cents per share, according to FactSet. Occidental Petroleum, SiriusXM — Shares of the Houston-based energy producer soared nearly 4%, while radio station operator SiriusXM soared 12%. Warren Buffett’s Berkshire Hathaway added to the companies’ shares after buying them during the previous three transactions, according to regulatory filings. Berkshire also raised its bet on internet stock VeriSign, sending the technology name soaring 3%. Trump Media & Technology Group — Shares fell 2% after President-elect Donald Trump transferred all of his shares to a revocable trust this week, regulatory filings showed. Stocks were also weighed down by the failure Thursday night of a House Republican spending deal approved by President Trump to avert a government shutdown. FedEx — Shares fell slightly after the shipping company announced it would spin off its cargo business. Separately, adjusted earnings for the fiscal second quarter came in at $4.05 per share, beating LSEG’s consensus estimate of $3.90 per share. However, revenues were lower than expected. Carnival — The cruise line operator soared more than 6%. Carnival says it expects strong demand in 2025 and 2026. Carnival reported adjusted earnings of 14 cents per share on revenue of $5.94 billion, while analysts surveyed by LSEG were looking for earnings of 8 cents per share, and fourth-quarter results also trailed the Street. It exceeded my expectations. Revenue was $5.93 billion. —CNBC’s Sean Conlon, Michelle Fox, Alex Harring and Yun Li contributed reporting.
Stocks with the biggest price movements at noon: NVO, AVO, OXY
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