Check out the companies making the biggest moves midday: Topgolf Callaway Brands — The stock popped 5%, adding to its nearly 15% surge in the previous session. Topgolf got a boost on Monday after a director disclosed the purchase of additional shares. Insmed — Shares surged more than 26% after the global biopharmaceutical company announced positive results from a Phase 2b study of treprostinil palmitil inhalation powder, a once-daily treatment for pulmonary arterial hypertension. United Therapeutics , in turn, dropped more than 15%. J.M. Smucker — The food company pulled back 13% after its fiscal fourth-quarter revenue of $2.14 billion missed the FactSet consensus estimate of $2.18 billion. The company’s guidance also missed expectations. Taiwan Semiconductor — U.S.-listed shares of the chipmaker rose more than 1% after its revenue for May increased 39.6% year over year. Revenue for January through May was 42.6% higher than the same period a year ago. SolarEdge , Sunrun — Solar stocks got a boost after The Wall Street Journal reported that a group of major tech companies are lobbying lawmakers to preserve clean energy subsidies, as President Donald Trump’s spending bill goes through the Senate. SolarEdge popped 12%, while Sunrun gained 4%. Separately, UBS hiked its price target on SolarEdge to $20 from $17. Casey’s General Stores — The retail stock jumped more than 11% due to stronger-than-expected fiscal fourth-quarter results. Casey’s earned $2.63 per share on $3.99 billion in revenue. Analysts expected a profit of $1.94 per share and $3.93 billion in revenue, per FactSet. The company also hiked its dividend by 14%. Apple — The iPhone maker’s stock rose slightly, recovering some of Monday’s losses following its annual Worldwide Developers Conference on Monday. While the company announced a notable software update dubbed Liquid Glass, it failed to reveal any significant artificial intelligence updates, underwhelming investors . Tesla — Shares of the electric vehicle maker advanced more than 3%, adding to Monday’s more than 4% advance. Trump said Monday that he wishes Tesla CEO Elon Musk “well” and has no plans to discontinue Starlink at the White House. The pair had a public feud last week. Musk responded to a video of the president’s remarks on X with a heart emoji . Calavo Growers — The avocado distributor plummeted more than 17% after its earnings and revenue for the fiscal second quarter came in weaker than expected. Calavo Growers posted adjusted earnings of 40 cents per share on $190.5 million in revenue. Analysts polled by FactSet were looking for a profit of 53 cents per share and $192.8 million in revenue. McDonald’s — The fast-food chain dropped more than 1% after Redburn Atlantic double-downgraded the stock to a sell rating on declining foot traffic. The Wall Street firm also cited concerns around GLP-1 obesity drugs, pricing and tempered growth expectations.
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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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