Check out the companies making headlines in the midday trading: CoreWeave – Cloud provider stocks have fallen over 9% in their second trading session since it was published. CoreWeave, which drove access to the Nvidia graphics process units to other major tech companies, suffered a disappointing debut last week. Nvidia also saw its shares fall more than 4% on Monday. Canada Goose – The Canadian outerwear company has slipped over 6% to a new 52-week low, after Barclays downgraded its stock from equal weight to lower weight. The Wall Street company cited the potential impact of global macro pressure, increased competition and tariff exposure as reasons for the downgrade. MODENA – The biotechnology company fell 8% following the resignation of top US Food and Drug Administration vaccine regulator Peter Marks. His departure, he said, was based on “misinformation and lies” about vaccinations, raising concerns about whether the Trump administration would quickly approve and promote important vaccines. celsius Holdings – Energy drink makers took almost 8% behind Truist upgrades and bought from Hold. Truist said the market has already been looking for past challenges in the first quarter of 2024 and 2025, focusing instead on the benefits of the acquisition of Alani Nu. Truist said the brand can successfully place women and companies in the US energy drink category. Tesla – The electric car manufacturer’s stock points to a slow rollout and recent protests in Tesla’s new Model Y, pulling back more than 2% on Stifel’s heels trimming the price target of the name, adding to sales. Stocks have lagged behind the wider market this year, suffering more than 36% losses since the start of the year. Crypto Stocks – Bitcoin-related stocks have fallen as flagship cryptocurrency prices fell over the weekend. Coinbase and Robinhood exchange companies fell by 1.6% and about 1% respectively. Crypto Miner Mara Holdings lost 6%. Palantir Technologies – Defence Technology stocks slipped around 2%, and are on track with the fifth straight loss session. Palantir shares fell more than 5% last week. After announcing the launch of HUT 8 – American Bitcoin Corp, Bitcoin mining stock has increased by around 1%. The new mining company was formed through the merger of HUT 8 and American Data Centers. United Airlines – Airline operators sold more than 2% on Monday, bringing their shares back on track in the worst month since March 2020. To date, stocks have fallen 27%. PierAmerican and Delta Air Lines have similarly fallen by nearly 30% each of the months. Cooper Group – Mortgage service lenders rose 15% after the fintech platform rocket company announced the decisive agreement to acquire Cooper Group in an all-stock deal worth $9.4 billion. The transaction is expected to close in the fourth quarter of 2025. The rocket company’s shares traded about 9% lower. – Reported by CNBC’s Sean Conlon, Yun Lee, Alex Hurling, Michelle Fox and Lisa Han.
