Stocks making the biggest moves midday: Penn Entertainment, Robinhood, Levi Strauss and more
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 in earnings per share and $1.37 billion in revenue. 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. This post has been syndicated from a third-party source. View the original article here.
