Check out the companies that made headlines in intraday trading: Super Microcomputer — Shares soar 30% after a special committee says there is “no evidence of wrongdoing” on the part of the artificial intelligence server maker It rose more than that. Intel — The chipmaker rose 4% following the departure of CEO Pat Gelsinger. Executives announced that David Zinsner and Michelle Johnston Holthaus will serve as interim co-CEOs. Intel stock had a rocky year, dropping about 50% in 2024. Tesla — The electric vehicle stock rose more than 3% after Ross MKM was upgraded to buy from neutral. The company noted that the close relationship between President-elect Donald Trump and CEO Elon Musk is a positive catalyst for the Tesla brand. Gap — The clothing retailer’s stock rose nearly 7% after JPMorgan was upgraded to overweight. The company cited its multi-year growth outlook and strong start to the holiday season. Stellantis — The world’s fourth-largest automaker saw its stock price fall more than 6% after CEO Carlos Tavares abruptly resigned amid growing “differences of opinion” between management and the board. Stellantis announced that its board of directors accepted Tavares’ resignation on Sunday. His resignation is effective immediately. Cleveland-Cliffs, Commercial Metals Company — Cleveland-Cliffs added 2% after Goldman Sachs initiated coverage with a buy rating on the steelmaker. Analyst Mike Harris said both cyclical and structural factors, including President Trump’s views on trade, could drive earnings growth across the industry. Goldman also initiated coverage of Commercial Metals with a buy rating. The stock price rose 2%. Cloudflare, Okta — Cybersecurity stocks rose about 6% and 4%, respectively, after Morgan Stanley upgraded them from equal weight to overweight. Morgan Stanley said the stock presents a “unique opportunity.” DANA — The auto parts maker soared 14% after Barclays upgraded its stock from evenweight to overweight. Barclays said its shares had potential after confirming plans to sell its off-highway business. —CNBC’s Yun Li, Sarah Ming, Sean Conlon and Alex Harring contributed reporting.
