HomeFinance NewsFinanceBREAKING: Wall Street Titans Surge and Dive! Berkshire, Tyson, Spirit's Wild Ride

BREAKING: Wall Street Titans Surge and Dive! Berkshire, Tyson, Spirit’s Wild Ride


Stocks making the biggest moves midday: Berkshire Hathaway, Micron, Tyson Foods, Spirit Airlines and more


In midday trading, several companies made significant moves: **Leading Gainers:** * **Berkshire Hathaway (Class A):** Shares rose due to first-quarter results showing a 39% increase in operating profit and substantial cash holdings nearing $200 billion.

* **Micron Technology:** The semiconductor company surged after an analyst upgrade citing favorable market trends and growing demand.

* **EHang Holdings:** The autonomous aircraft stock soared as Morgan Stanley initiated coverage, highlighting regulatory support in China.

* **Bausch + Lomb:** Shares jumped on a Morgan Stanley upgrade, citing progress in improving profit margins.

* **Coinbase:** The crypto stock climbed following a revised price target by Barclays, indicating potential upside.

**Significant Losers:** * **Spirit Airlines:** The discount carrier plunged after reporting a wider-than-expected loss in the first quarter and below-forecast revenue projections.

* **Medical Properties Trust:** Shares dropped sharply after a major tenant filed for bankruptcy, raising concerns about rental income.

* **Tyson Foods:** The food processor’s shares declined despite exceeding earnings estimates.

Revenue missed expectations, indicating potential market challenges.

**Other Notable Moves:** * **Paramount:** Shares edged up following reports of acquisition negotiations led by Sony Pictures Entertainment and Apollo.

* **United States Steel:** The steelmaker gained after an upgrade by Morgan Stanley, citing internal improvements and potential upside despite a pending buyout deal.

* **Li Auto:** The Chinese electric vehicle maker rose on strong orders for its L6 models.

* **Victoria’s Secret:** Shares initially dipped but later recovered after a Morgan Stanley downgrade due to anticipated earnings revisions.

  • Overall sentiment: positive
  • Positive

    “Berkshire Hathaway — Class A shares added 0.6% following the release of first-quarter results and the annual shareholders meeting on Saturday.”

    “Paramount — Shares popped 3.3% following a report that the owner of Paramount Pictures and CBS Entertainment Group began formal acquisition negotiations with a group led by Sony Pictures Entertainment and Apollo.”


    “Spirit Airlines — The discount carrier slid 9% after posting a loss of $1.46 per share in the first quarter, wider than a FactSet consensus estimate from analysts of a $1.45 loss per share.”

    “Medical Properties Trust — Shares dropped nearly 7% after a major tenant of the company’s, the physician-owned hospital operator Steward Health Care, filed for Chapter 11 bankruptcy.”

latest articles

explore more