Stocks making the biggest moves midday: UnitedHealth Group, Tesla, Alibaba, More

  • Stocks making the biggest moves midday: UnitedHealth Group, Tesla, Alibaba, More

    Posted by Jonathan V on May 20 at 16:53

    As the markets see mixed action this Monday, several big-name stocks are making headlines for a variety of reasons from leadership shakeups to major acquisitions. Whether you’re tracking healthcare, tech, or energy, here’s what’s driving some of the most notable midday stock movements.

    🏥 UnitedHealth Group (UNH)

    Midday Movement: +8.2%

    After a rough patch last week that saw UnitedHealth lose nearly a quarter of its value, the stock is bouncing back strong today. Investors appear to be seeing a buying opportunity in the healthcare giant despite several recent headwinds.

    Last week, UnitedHealth announced the sudden resignation of its CEO and suspended its forward-looking 2025 guidance. To top it off, the company is reportedly facing an investigation from the U.S. Department of Justice. Still, bargain hunters are stepping in, betting the worst may already be priced in.

    💬 Reddit (RDDT)

    Midday Movement: -4.6%

    Reddit’s shares slipped after analysts at Wells Fargo downgraded the social media platform from “Overweight” to “Equal Weight.” The firm pointed to concerns over declining search traffic, especially as Google rolls out AI-powered search capabilities that could reduce Reddit’s visibility on search engines. The long-term implication? Lower organic traffic and user engagement.

    🚗 Tesla (TSLA) & 🧠 Palantir (PLTR)

    Midday Movement: -2%+

    Two favorite stocks among retail investors Tesla and Palantir took hits today, each sliding more than 2%. Broader weakness in big tech stocks dragged both companies down. While there was no major breaking news tied directly to either firm, market sentiment around the tech sector remains fragile following recent earnings volatility and inflation concerns.

    🧬 Regeneron Pharmaceuticals (REGN)

    Midday Movement: +0.4%

    Biotech player Regeneron made headlines by acquiring most of the assets of genetic data company 23andMe out of bankruptcy for $256 million. However, the deal excludes Lemonaid Health, 23andMe’s telehealth division. While the stock’s movement was modest, the acquisition could give Regeneron a strong edge in personalized medicine and genetic research.

    🧴 Bath & Body Works (BBWI)

    Midday Movement: -0.5%

    It was a small dip for Bath & Body Works today, but the reason was big. The company announced an unexpected leadership change, with CEO Gina Boswell stepping down immediately. Taking her place is Daniel Heaf, a former Nike executive. Investors appeared to react cautiously as they assess the direction of the brand under new leadership.

    🛒 Alibaba (BABA)

    Midday Movement: -0.4%

    Shares of Chinese e-commerce titan Alibaba nudged slightly lower after reports emerged that the Trump administration has flagged concerns over Apple’s reported plan to integrate Alibaba’s AI technology into iPhones sold in China. While the full implications are unclear, the news could complicate U.S.-China tech relations further and raise regulatory red flags.

    TXNM Energy

    Midday Movement: +7%

    Energy company TXNM Energy saw a sharp increase in its stock price after announcing an acquisition deal with Blackstone’s infrastructure division. The private equity giant is set to buy TXNM for $61.25 per share in cash, marking a solid premium for shareholders. The move is part of Blackstone’s broader push into energy and infrastructure investments.

    🧾 Final Thoughts

    Today’s midday market action reflects a mix of corporate drama, analyst reactions, and strategic M&A activity. While some companies like UnitedHealth and TXNM are showing resilience or attracting buyers through big deals, others like Reddit and Tesla are grappling with industry shifts and investor caution.

    As the day continues, all eyes will be on how these headlines influence trading volume and overall sentiment heading into the close.

    Jonathan V replied 3 weeks, 3 days ago 1 Member · 0 Replies
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