Check out the companies that made the biggest moves midday: Brinker International — The Chilean parent company rose more than 8% for its biggest single-day gain since April. Short interest represents 12% of Brinker’s float, according to FactSet data. Brinker has continued to rebound after falling as much as 18% from its October 29th earnings release to its close on November 6th. Gibraltar Industries — Shares fell more than 12% after the building products maker announced it had reached an agreement to buy smaller rival OmniMax International for $1.34 billion. The transaction is expected to close in the first half of 2026. Vita Coco — Shares rose 6% after the coconut water maker said it now expects average tariff rates to be 6%, up from previously expected 23%. This comes after President Donald Trump lowered taxes on some agricultural imports on Friday. OSI Systems — The electrical components maker fell more than 3% after announcing the sale of $400 million in convertible notes due in 2031. Alphabet — The YouTube and Google owner rose more than 3% after Warren Buffett’s Berkshire Hathaway revealed it acquired more than $4 billion in Alphabet stock in the third quarter. Zymeworks and Jazz Pharmaceuticals — Pharmaceutical companies Zymeworks and Jazz Pharmaceuticals have reported Phase 3 trial results for their cancer drug Ziihera. Zymeworks stock rose 31%, and Jazz rose nearly 22%. Lithium Stocks — Citing local news sources in China, Bloomberg reported that Li Liangbin, chairman of Ganfeng Lithium Group Company, said on Sunday that lithium demand is expected to increase by 30% in 2026. Albemarle, the largest U.S. producer, rose 8%. Sigma Lithium soared 31%. Lithium Argentina and Lithium America rose about 8.8% and 7.6%, respectively. Quantum Computing — Stocks rose 7% after the quantum computing provider announced a strategic roadmap for scalable quantum and photonic manufacturing. Alibaba — E-commerce giant Alibaba unveiled Qwen App, an improved chat GPT-like artificial intelligence application, in China, pushing its stock price up 3.4%. Apple — Investors reacted to Friday’s report in the Financial Times that Apple is preparing to identify and name a successor to CEO Tim Cook. Apple fell 1.5%. Xpeng — U.S.-listed shares fell 8% after the Chinese electric car maker reported mixed third-quarter results, with an adjusted loss narrower than analysts polled by FactSet expected and revenue roughly in line with expectations. Fourth-quarter earnings guidance was below consensus expectations. Aramark — The food service provider fell 4% after fiscal fourth-quarter adjusted earnings of 57 cents, below the 64 cents expected by analysts surveyed by FactSet. Aramark’s sales of $5.05 billion also fell short of the consensus of $5.16 billion. Aramark’s adjusted earnings per share for the fiscal year ending September 2026 is expected to be between $2.18 and $2.28, compared with analyst estimates of $2.27. —CNBC’s Michelle Fox-Theobald, Sean Conlon, Liz Napolitano, Alex Harring, Lisa Han, Itzel Franco and Scott Schnipper contributed reporting.
