Check out the companies making the biggest move at noon: CSX – Railway operators rose more than 3% after being named Steve Angel’s CEO on behalf of Joe Hinrichs. The management shakeup followed pressure from activist investor Ancora Holdings, criticising the decline in efficiency at CSX, urging the company to consider mergers and acquisitions once the industry is integrated. MERUS – Biotech Company won 36% after Denmark-based Genmab agreed to acquire in cash at $8 billion ($97 per share). The transaction is expected to close in the first quarter of 2026. Pony AI – China’s self-driving vehicle technology company has skyrocketed 9% after City began stock coverage with a purchase valuation and price target that shows a 37% increase since Friday’s closing. City said China’s “Robotaxi sector is at an inflection point.” Galaxy Digital – Digital assets and cryptocurrency companies have surged almost 10% after agreeing to invest in K Wave Media as part of their plans to launch an entertainment tokenization platform with support from South Korean IP companies. Electronic Arts – Shares rose 4.8% after a consortium of investors led by Jared Kushner announced it had signed a $55 billion deal to acquire and privately acquire video game maker to confirm previous reports. Cannabis Strains – The group surged after President Donald Trump posted a video about the true society touting the benefits of cannabinoids for seniors. Advisorshares Pure US Cannabis ETF (MSOS) is up 20%. Aurora cannabis jumped 29%. LAM Research – Semiconductor equipment manufacturers have risen nearly 3% after Deutsche Bank upgrades were purchased from Hold. The bank said the LAM research would benefit prospects for improvements in wafer manufacturing equipment and some peer-aligned assessments. Oracle – Database software companies have been occupied at almost 1% as investors continue to question the sustainability of AI trading. Oracle is away from a drop of 8.2% in the biggest week that ended April 4th slipped almost 9%. Applovin – Stocks rose 8.2% after Morgan Stanley hiked the mobile technology company’s price target from $480 to $750. “The 10/1 app launches self-service tools for non-games. This is a key catalyst for growing the advertising business and proving that it can capitalize on billions of dollars outside of the gaming industry,” the bank said. INTEL – Chipmakers fell 2%, losing steam after a massive runup, pushing inventory up to bought territory. Intel has risen by about 80% this year. It also has a relative strength index of 80. In other words, it is vulnerable to pullbacks. Applied Documents – Shares rose 2% at Bank of America, worth $2 billion, after the company disclosed its 364-day revolving credit facility. – CNBC’s Salamine, Alex Hurling, Liz Napolitano, Christina Cheddar Berg, Scott Schnipper and Michelle Fox Theobaldo contributed to the report.
