Take a look at the companies making headlines in midday trading. eBay – Shares rose 9.7% to hit a 52-week high after announcing that Meta is testing the use of its listings on Facebook Marketplace. Buyers on Facebook will be redirected to eBay to complete the transaction. The gains put the stock on track for its best single-day performance since late 2022. %. The decline puts the California-based utility on track for its worst trading day since March 2020. reverse. On Tuesday, Getty announced a $3.7 billion merger with Shutterstock. Shutterstock shares fell about 12% on Wednesday after rising 14.8% in the previous session. SolarEdge Technologies – Shares of SolarEdge Technologies fell 11.7% after Citi downgraded the company to sell from neutral. The bank said that despite the restructuring, the company still faced “remaining high” operating expenses. SolarEdge shares rose more than 6% on Monday and about 8% on Tuesday after the company disclosed in a filing with the SEC that it would cut 400 jobs. Quantum Computing Stocks – Stocks related to quantum computing fell after Nvidia CEO Jensen Huang said the technology could be decades away. Shares of Rigetti Computing and D-Wave Quantum both fell more than 45%, while Quantum Computing fell 49%. IonQ fell 45%. Maplebear – Shares of the grocery delivery company, which does business as Instacart, rose more than 4% before being added to the S&P MidCap 400 Index before the close on Jan. 14. AAR Corp — Shares of the aviation services provider rose 9% on growth in fiscal second-quarter profit and revenue. During the period, AAR’s adjusted earnings per share were 90 cents on revenue of $686.1 million. Analysts polled by FactSet expected earnings of 85 cents per share on revenue of $654.2 million. Palantir Technologies — Shares fell more than 4% after plunging in early 2025. The stock opened the week down about 5% after Morgan Stanley gave it an underweight rating, signaling a risk-reward profile skewed to the downside. Also earlier this week, Cathie Wood sold more than $15 million worth of software company stock from all of her Ark funds. The stock has fallen about 15% so far this week. Arcadium Lithium – shares rose more than 8% after the company said its proposal to be acquired by Rio Tinto has been approved by the Committee on Foreign Investment in the United States (CFIUS). Arcadium Lithium expects the transaction to close by mid-2025. Boston Scientific – Shares of Boston Scientific rose more than 4% after announcing it agreed to acquire Bolt Medical. Boston Scientific said it expects the deal to close in the first half of this year. Advanced Micro Devices – The stock fell more than 5% after HSBC downgraded its rating to Reduce Buy, saying the chipmaker’s AI roadmap is less competitive than previously thought. Cal-Maine Foods – Shares of the egg producer rose more than 2% after reporting its latest quarterly results. California Maine Foods earned $4.47 per share on revenue of $954.7 million, an increase of 82% over the same period last year. Shell — Shares of Shell fell more than 2% after the energy giant lowered its fourth-quarter liquefied natural gas production forecast and said it expected its oil and gas trading results to be “significantly lower” than in the third quarter. Novo Nordisk – Shares of Novo Nordisk rose nearly 2% after UBS upgraded the pharmaceutical giant to a buy rating from neutral. “Novo remains the most exciting growth story in the European pharmaceutical industry and is well-positioned to continue benefiting from high recent demand for its GLP-1 drugs,” the bank wrote. Novo Nordisk’s share price has plummeted in the past six months 40%, falling by 17% by the end of 2024. Accolade – Shares of Transcarent soared more than 104% after the company announced it would acquire the company for $7.03 per share in cash, for a total equity value of approximately $621 million. The transaction is expected to close in the second quarter of 2025.
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