Check out the companies making the biggest moves midday: Penn Entertainment – The gaming stock dropped more than 5% following the release of weak regional gaming revenue data. On Friday, Iowa and Indiana both reported year-over-year declines in statewide gaming revenues. For Penn Entertainment revenues specifically, Iowa saw a 14% slide compared to last year, while Indiana saw a 3.7% pullback year over year. MP Materials – Shares of the rare earth miner are up about 0.9%, adding to huge gains from the previous session after the Pentagon took a direct equity stake in the company. The Defense Department has purchased $400 million of preferred stock to help MP stand up a rare earth domestic supply chain. MP’s stock gained about 50% on Wednesday. Robinhood — The online trading platform popped 1.5% and hit an all-time high. Robinhood, a crypto trading provider, followed bitcoin’s rally to new record highs Friday. Microstrategy also gained more than 2%. Levi Strauss — The denim apparel stock rose 10% after second-quarter results topped expectations. Levi Strauss reported 22 cents in adjusted earnings per share on $1.45 billion of revenue. Analysts surveyed by LSEG were looking for 13 cents per share and $1.37 billion. The company also increased its dividend and raised full-year guidance on several key metrics. BP — U.S.-listed shares of BP rose 3% after the energy giant said second-quarter results from its oil trading division should be strong and that the company expects higher upstream production buoyed by U.S. operations. AMC Entertainment — The movie theater chain popped 8% after Wedbush upgraded the stock to outperform from neutral. The Wall Street firm said AMC is poised to benefit from a more consistent release slate over the next several quarters. Wedbush also pointed out the company is completing what could be the last major share issuance for the foreseeable future, putting a significant headwind behind it. Canadian stocks — The iShares MSCI Canada ETF (EWC) fell 0.7% after President Donald Trump announced a 35% tariff on Canadian imports into the U.S. Canada-based TD Bank also lost 1.1%. Performance Food Group — Shares rallied 8% after Bloomberg News reported , citing people familiar with the matter, that U.S. Foods is considering a takeover of the food distributor. AeroVironment , Kratos Defense & Security — Shares of AeroVironment and Kratos gained 9.5% and 10.7%, respectively, after Defense Secretary Pete Hegseth ordered the Pentagon to fast-track drone production. Sunrun — The solar stock declined more than 6%, as its volatile week continues. Sunrun on Tuesday dropped more than 11%, followed by back-to-back gains Wednesday and Thursday. PriceSmart — The warehouse club specializing in developing markets rallied more than 5% after fiscal third quarter earnings per share of $1.14 topped Wall Street analysts’ consensus estimate of $1.12, according to FactSet. PriceSmart also said it was considering expanding into Chile . — CNBC’s Spencer Kimball, Sean Conlon, Michelle Fox and Scott Schnipper 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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