Check out the companies making headlines in midday trading. Credit score stocks — Shares of credit score providers were trading lower after Federal Housing Finance Agency Director Bill Pulte criticized the companies’ pricing in a post on X. Shares of TransUnion lost 4%, and Equifax fell more than 5%. Fair Isaac stock slipped nearly 4%. Cooling equipment makers — Shares of Trane Technologies , Johnson Controls and Modine Manufacturing all fell in trading on Tuesday as Nvidia CEO Jensen Huang noted that its six-chip Vera Rubin platform is more energy efficient than its Blackwell chip and “no water chillers are necessary for data centers” using them. Trane shares were down 4%, Johnson Controls fell almost 8% and Modine fell 10%. SoFi — The fintech stock tumbled almost 10% after Bank of America resumed coverage of the company at an underperform rating and suggested there was more downside ahead. Other fintech stocks, including LendingClub , Upstart Holdings and Chime Financial , were also lower. Shake Shack – Shares of the burger chain gained more than 6% after Deutsche Bank upgraded the stock to buy from hold . The firm, which trimmed its price target to $105 from $115, said Shake Shack should be one of the biggest beneficiaries of tourism for the World Cup in the third quarter. Data storage plays – Shares of companies specializing in data storage popped. Sandisk surged 24%, while Western Digital gained about 15%. Seagate Technology advanced 12%. Nvidia — The chip stock rose 0.7% after Nvidia unveiled new autonomous vehicle software at CES , the global tech conference. Microchip Technology — The stock advanced more than 10% after Microchip Technology issued fiscal third-quarter revenue guidance of about $1.185 billion, higher than prior forecast of $1.109 billion to $1.149 billion. OneStream — Shares surged 28% after Bloomberg News , citing people familiar, reported that buyout firm Hg is in advanced talks to acquire the financial software maker. Veeva Systems — The provider of cloud services for the life sciences industry gained 6% after Veeva’s board approved a share repurchase program with authorization to purchase up to $2 billion in Class A common stock. American International Group — The global insurer fell about 8% after announcing CEO Peter Zaffino will step down by mid-year and move into the role of executive chair of the board. Zaffino will be replaced by former Aon president Eric Andersen, effective Feb. 16. — CNBC’s Scott Schnipper, Darla Mercado, Michelle Fox and Nick Wells contributed reporting.
Stocks making the biggest moves midday: JCI, TRU, SOFI, AIG
Related Posts
About Us
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.
Subscribe to Updates
Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!
About Us
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.
Subscribe to Updates
Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!
