Stocks making the biggest moves midday: Wynn Resorts, Red Cat, SanDisk, Palantir and more
HS 03/10/2025
Check out the companies making the biggest moves midday: Peabody Energy — The coal company jumped 9%. Peabody began arbitration proceedings with Anglo American over the canceled purchase of steelmaking coat assets belonging to the Anglo. SanDisk — The maker of solid state drives jumped 10%, adding to its massive gains. Over the past six months, the stock is up 170%. Transunion , Equifax — The credit bureaus rose 4.8% and 1.4%, respectively, recovering some of the steep losses suffered in the previous session on the back of Fair Isaac moving to all mortgage lenders having access to FICO scores directly . Transunion on Thursday plunged 10.6%. Equifax shed 8.5%. Las Vegas Sands , Wynn Resorts — The casino operators shed more than 5% each as Macao braces for a storm that could disrupt the region’s Golden Week, during which it welcomes thousands of visitors. Palantir Technologies — The data analytics provider slid 4% after Reuters reported an internal U.S. Army memo found “deep flaws” in battlefield communication systems, including some made by Palantir Technologies and Anduril. USA Rare Earth — The rare earth miner jumped 18% after CEO Barbara Humpton told CNBC that the company is in “close communication” with the White House. GameStop — The meme stock fell 2% after the company said in a filing it is selling a combination of assets ranging from common stock to debt for an undisclosed amount. Applied Materials — Shares slipped 2.1% after the company acknowledged in a regulatory filing that new U.S. export restrictions will hurt revenue. Applied Materials said the restrictions will lower fourth-quarter revenue by about $110 million and its fiscal 2026 revenue by around $600 million. Uranium Energy — The uranium miner fell 2.3% after planning a secondary offering of 15.5 million shares. Goldman Sachs is the sole underwriter. Entergy — The utility rose 3% after saying it would provide power for Google ‘s planned $4 billion technology investment in Arkansas, which includes the development of a data center in West Memphis, the company’s first in the state. Zillow — Gordon Haskett upgraded Zillow to buy from hold, sending the real estate platform up more than 4%. The Wall Street researcher said the recent sell-off is overdone, creating an attractive buying opportunity. Zillow has declined in recent weeks on concerns regarding competitive encroachment and legal woes. Red Cat Holdings — The drone stock added 14% after Needham initiated research coverage at a buy. The firm said the unmanned aerial systems industry is entering a supercycle, and that Red Cat is well positioned to capture rising demand. Freeport-McMoRan — The copper and gold miner gained more than 3.2% after UBS upgraded Freeport to buy from neutral, saying it has been overly punished after declaring force majeure at its Grasberg mine in Indonesia following a deadly collapse. Force majeure is a legal declaration allowing a company to temporarily halt contractual supply obligations. “We believe the market is pricing in an overly pessimistic outcome for Grasberg recovery, therefore see the risk vs reward as attractive,” UBS analyst Daniel Major wrote. — CNBC’s Yun Li, Scott Schnipper, Alex Harring and Sarah Min contributed reporting.
