Stocks making the biggest moves midday: Talen Energy, Invesco, Netflix, Coinbase and more
HS 18/07/2025
Here are some of the names making big moves in midday trading: Talen Energy — Shares popped more than 24%. Talen said it has signed agreements to acquire Moxie Freedom Energy Center in Pennsylvania and the Guernsey Power Station in Ohio, a pair of combined-cycle gas-fired plants. The deal comes out to $3.5 billion after adjusting for estimated tax benefits. Shares of data center power plays Constellation Energy and Vistra added more than 4% and 6%, respectively, in sympathy. Invesco — The asset manager’s share price jumped 15%. Bloomberg News reported that Invesco is asking shareholders of its popular Invesco QQQ Trust (QQQ) for permission to convert its structure to an open-ended fund from a unit investment trust. The move would boost fee revenue for the asset manager and lower costs for shareholders, Bloomberg reports. QQQ tracks the tech-heavy Nasdaq 100 and is up nearly 10% in 2025. Regions Financial — Shares of the regional bank advanced 6% after second-quarter earnings topped expectations. Regions posted adjusted earnings of 60 cents per share, beating the FactSet consensus estimate for 56 cents per share. Net interest income of $1.26 billion also surpassed the StreetAccount consensus call for $1.23 billion. Netflix — Shares fell 5% after Netflix warned that operating margin in the second half of 2025 will be lower than the first half because of higher content amortization, as well as sales and marketing costs, because of a larger slate of content. Otherwise, the streaming company beat on the top and bottom lines. Chevron , Hess — Chevron shares fell nearly 1%, while Hess shares were halted. The moves come after Chevron won against Exxon Mobil in a dispute over Hess’ offshore oil assets in the South American nation of Guyana. That clears the path for Chevron to complete its $53 billion acquisition of Hess. Sarepta Therapeutics — The biopharmaceutical stock fell nearly 36% after trade news and data provider BioCentury reported that a patient died after receiving treatment during a Phase 1 study. A Sarepta spokesperson told BioCentury that the death was due to acute liver toxicity. Union Pacific , Norfolk Southern — Shares of Union Pacific and Norfolk Southern fell 1% and rose roughly 2.5%, respectively. The moves come after The Wall Street Journal, citing people familiar, reported railroad operator Union Pacific is exploring a deal with Norfolk Southern. 3M — The industrial stock fell more than 3%. 3M estimated that its organic sales growth for 2025 would rise roughly 2%, accounting for tariff impact. In April, it estimated growth ranging from the “lower end of 2% to 3%,” excluding the tariff impact. Separately, second-quarter results topped the Street’s estimates. American Express — Shares fell 2% even as the company’s second-quarter earnings results beat on the top and bottom lines. American Express posted adjusted earnings of $4.08 per share on $17.86 billion in revenue, above the $3.89 in earnings per share and $17.71 billion in revenue that analysts polled by FactSet were expecting. Interactive Brokers — Shares advanced almost 8% after Interactive Brokers reported second-quarter results that beat estimates on the top and bottom lines. The online brokerage posted adjusted earnings of 51 cents per share on revenues of $1.48 billion. Analysts polled by LSEG had expected earnings of 46 cents per share on revenue of $1.36 billion. Schlumberger — Shares fell nearly 4%. Though the oil field services company posted adjusted earnings of 74 cents per share, more than the FactSet consensus estimate of 72 cents a share, it still reflected a 13% decline from the year-ago period. Charles Schwab — The brokerage stock rose 2.9% after second-quarter results beat expectations on the top and bottom lines. Charles Schwab reported $1.14 in adjusted earnings per share on $5.85 billion of revenue. Analysts were looking for $1.10 in earnings per share and $5.73 billion in revenue, according to FactSet. The firm also said new brokerage account openings were up 11% year over year. Crypto stocks — Shares of companies serving crypto traders rose as the price of ether jumped to its highest level in six months after Congress passed the first major crypto legislation for the U.S. Coinbase jumped 2%, and Robinhood gained 4%. Galaxy Digital rallied more than 4%. Bitmine Immersion , an ether accumulator, climbed 1%. Huntington Bancshares — Shares slid 1.6% even as the bank holding company posted second-quarter earnings of 34 cents per share, narrowly exceeding the FactSet consensus estimate of 33 cents per share. Net interest income of $1.47 billion also came in above the $1.46 billion estimate. Western Alliance — Shares fell nearly 4% after Western Alliance Bancorp said it will unify all divisions under one brand. Net interest margin for the second quarter came in at 3.53% versus the FactSet consensus estimate for 3.55%. The regional bank beat on second-quarter earnings, revenue and net interest income expectations, according to FactSet consensus estimates. — CNBC’s Sean Conlon, Lisa Han, Alex Harring, Tanaya Macheel, Jesse Pound and Sarah Min contributed reporting.
