Stocks making the biggest moves midday: Palantir, Novavax, Under Armour and more

Palantir, Novavax, Under Armour and several other stocks have been making significant moves in the stock market midday on Monday.

Palantir Technologies Inc. (PLTR) has seen a dip of -9.04% in its stock prices, making it one of the most significant movers midday. The drop comes after the company announced the possibility of additional share sales, leading to concerns over dilution. Despite the dip, Palantir has still had a strong year in 2023, with its stock prices up more than 50% year-to-date.

Novavax Inc. (NVAX) is another significant mover midday, with the stock prices up 8.85%. The surge comes after the company announced the publication of positive clinical data for its COVID-19 vaccine in the New England Journal of Medicine. The data showed that the vaccine had a 90% efficacy rate against the virus and was well-tolerated by study participants.

Under Armour Inc. (UA) has also seen a surge in its stock prices, up 6.71% midday. The rise comes after the company announced better-than-expected first-quarter earnings, reporting earnings per share of $0.25 compared to the estimated $0.03. The company also raised its full-year 2023 outlook, leading to further investor confidence.

Other significant movers midday include:

– Teledyne Technologies Inc. (TDY), up 5.82%
– The Southern Co. (SO), down -4.96%
– Shopify Inc. (SHOP), down -2.27%
– General Electric Co. (GE), down -4.21%
– Delta Air Lines Inc. (DAL), down -3.54%
– Alphabet Inc. (GOOGL), down -1.87%
– Honeywell International Inc. (HON), down -2.68%

Overall, the stock market has been relatively mixed midday on Monday, with some stocks seeing significant gains while others face losses. Investors will continue to monitor these stocks and others in the coming days for any further developments or movements in the market.