NVO, RF, GEV, VST and more
Check out some of the companies making headlines in midday trading: Novo Nordisk — The maker of the Wegovy obesity treatment jumped more than 4% as sales of its oral weight loss treatment got off to a strong start. In the first week of its launch, about 1.3% of Wegovy prescriptions were for the oral version. Regions Financial — Shares of the Birmingham, Ala.-based regional bank fell nearly 3% after it reported disappointing fourth-quarter earnings. Regions earned 57 cents per share excluding items. That was below the 61 cents per share prediction from analysts surveyed by FactSet. Energy stocks — The Trump administration is pushing for technology companies to bankroll power plants amid a rise in energy-guzzling data centers. Companies tied to electric utility infrastructure rose, including GE Vernova and Bloom Energy , which both gained about 6%, and Quanta Services , which advanced about 5%. Independent power producers, however, tumbled, with Constellation Energy dropping nearly 10% and Vistra falling 7%. Micron Technology — The chipmaker climbed more than 5% after board member Mark Liu revealed in a securities filing that he bought $7.8 million of stock at market prices. The purchases were notable as Micron shares have already skyrocketed more than 246% over the past 12 months. AST SpaceMobile — Shares soared nearly 13% after AST SpaceMobile was picked as a primary contractor for the U.S. Missile Defense Agency’s SHIELD program, part of the Trump administration’s Golden Dome. AST, which is developing a low-Earth satellite broadband system, will work in a number of areas on the project. AMCR — The Swiss packaging company’s American Depositary Receipts dropped about 6% on the New York Stock Exchange after it completed a 1-for-5 reverse stock split. ImmunityBio — The biotech company jumped 28%, adding to a 30% rally in the previous session sparked by strong guidance for its bladder cancer drug Anktiva. ImmunityBio expects full-year revenue for the drug to jump 700%. Worthington Steel — The Columbus, Ohio-based maker of hot- and cold-rolled steel rose 3% after agreeing to buy Germany’s Kloeckner & Co. , a metal processor, for an enterprise value of $2.4 billion. Coupang — Shares rose about 2% after Deutsche Bank upgraded the Korean retail giant to buy, saying most of the regulatory uncertainty has been priced in. QXO — Shares fell 5% after the roofing products maker announced it would sell $750 million in common stock. PNC Financial Services — The Pittsburgh-based bank rose 3% after posting better-than-expected fourth-quarter results and offering promising guidance. PNC reported revenue of $5.96 billion versus an LSEG consensus estimate of $5.89 billion. Earnings of $4.88 per share also exceeded a forecast of $4.22 per share. PNC also put its total revenue growth by the end of 2026 at roughly 11%, topping the 8.7% estimated by analysts. Honeywell — The industrial giant ticked nearly 2% higher after receiving an upgrade to overweight from neutral at JPMorgan. The bank said investors should buy the stock as Honeywell moves forward with its planned break-up. — CNBC’s Fred Imbert and Scott Schnipper contributed reporting
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