Check out the companies making headlines in midday trading: Rigetti Computing — The quantum computing stock soared 11%, adding to the sector’s robust end-of-year rally . Shares of Rigetti are now up 1,674% on the year. KULR Technology Group — Shares pulled back 2%, reversing the gains seen in the previous session. On Thursday, the stock advanced more than 40% after the space technology company said it bought 217.18 bitcoin worth about $21 million. This was the company’s first purchase since it announced a new bitcoin treasury initiative on Dec. 4, when bitcoin passed the $100,000 level for the first time. Honda — The automaker added 1%, extending gains after announcing earlier this week that it officially began merger talks with fellow Japanese carmaker Nissan. That lifted Honda’s week-to-date gain to 20.7%, putting the stock on track to notch its best week since 1988. Amedisys , UnitedHealth — Shares of Amedisys rose 5%, while UnitedHealth stock was fractionally lower after the companies entered into a new waiver agreement, a filing revealed. This new agreement extends the deadline to close their $3.3 billion merger. MicroStrategy — The cryptocurrency-linked stock slipped 3%. It had previously traded higher early Friday morning as the price of bitcoin rose above $96,000. Red Cat Holdings — The drone stock plunged 9%. It was previously trading higher on Friday morning, adding on to its massive year-to-date rally of 1,275%. Shares of Red Cat rose in December after drone sightings in the Northeast reignited Wall Street interest in the sector. South Korea stocks — U.S.-listed shares of South Korean stocks retreated on Friday after lawmakers impeached acting President Han Duck-soo , ousting the nation’s second head of state since a short-lived martial decree earlier this month. The iShares MSCI South Korea ETF (EWY) slid 1%. U.S.-listed shares of Korea Electric Power and Coupang shed 2%, while Posco Holdings and KT Corporation marginally declined. — CNBC’s Sean Conlon and Alex Harring contributed reporting.
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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