Stocks making the biggest moves midday: ORCL, CAG, CRM, GS
Here are some of the stocks making headlines in midday trading. Oracle — Shares of the cloud platform provider popped more than 9% as Oracle touted some of its artificial intelligence capabilities at its Customer Edge Summit . The company highlighted its Oracle Utilities Opower AI-driven platform , noting that it helped residential utility customers save $369 million in 2025. Conagra — The Duncan Hines and Slim Jim packaged food company saw shares fall more than 5%. Conagra announced John Brase would take the helm as CEO, effective June 1. Brase, an alumnus of J.M. Smucker, will replace Sean Connolly. Share are down more than 17% in 2026. Allogene Therapeutics — The biotech company soared nearly 30% on the back of positive phase 2 data , which showed that the company’s CAR T treatment showed improved eradication of cancer cells in lymphoma patients. Software stocks — The iShares Expanded Tech-Software Sector ETF (IGV) rebounded more than 4% on Monday, making a comeback after three straight days of selling. ServiceNow advanced nearly 7%, Salesforce gained more than 4%, and Microsoft jumped 2%. Goldman Sachs — Shares fell more than 2%. Trading in the bank’s fixed income, currencies and commodities unit $4.01 billion, short of the $4.92 billion consensus estimate from analysts polled by StreetAccount. Overall, Goldman posted an earnings and revenue beat in its first quarter report, thanks to record equities trading and stronger investment banking revenues. Revolution Medicines — The stock surged almost 40% after it said its drug for pancreatic cancer succeeded in a phase 3 trial. The company said the daily pill, daraxonrasib, led patients to live 13.2 months versus those who used chemotherapy who lived 6.7 months. Williams-Sonoma — The kitchen and cookware retailer gained more than 2% after getting an upgrade to buy at Goldman Sachs. Analysts at the bank said the stock is trading at attractive levels, adding Williams-Sonoma has “one of the strongest portfolio of brands in retail.” Best Buy — Goldman Sachs downgraded the electronics and appliances retailer to sell, sending shares down 3%. “While Best Buy will likely see a benefit to [same-store sales] from a pull-forward of PC demand and higher tax returns in Q1, we think there will be risk to sales post Q1 as higher memory costs start to work their way into the price of laptops and computers,” Goldman analysts wrote. Fastenal — The industrial and construction supply distributor slid almost 8% after it reported first-quarter earnings that met the Street’s expectations. Fastenal reported 30 cents in earnings per share and $2.2 billion in revenue, meeting the consensus of analysts polled by FactSet. Energy stocks — Energy producers rose as oil prices again climbed above $100 after the U.S. Navy began enforcing a blockade on the Strait of Hormuz. APA gained more than 2%, Phillips 66 was up nearly 2% and Chevron added 1%. Cruise lines — Higher input costs due to rising energy prices and fears over demand reappeared on Monday for cruise line stocks. Carnival 4%, while Norwegian Cruise Line was off 3%. Royal Caribbean slipped more than 2%. Airlines — Similar demand fears and higher jet fuel prices sent airline names lower on Monday too. United Airlines and Delta Air Lines both declined around 2%, while Southwest Airlines lost more than 1%. Palantir — Shares rebounded 4% after a sharp sell-off of more than 13% last week on concerns that artificial intelligence will disrupt software companies’ business models. It was the stock’s worst week since April 2025. Leggett & Platt — The manufacturer jumped almost 13% after it agreed to be acquired by Somnigroup International , a bedding manufacturer. The $2.5 billion all-stock transaction is anticipated to close by year-end 2026. — CNBC’s Fred Imbert, Justin Zacks, Nick Wells and Darla Mercado contributed reporting Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds – from financial professionals to everyday individuals – come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you’re starting from, you’ll leave with clearer thinking, stronger strategies. Enter your email here to get a discount code.
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