Check out the companies that are trending in intraday trading. Biogen — The biotech’s stock fell more than 4% after the company warned it would take a pretax charge of $222 million in the fourth quarter. The company said this charge, which includes research and development costs and milestone payments, would reduce net income by approximately $1.26 per share. Trip.com — The company’s shares fell 17% after Reuters reported that Chinese market regulators were investigating the travel website. Travel stocks — Travel stocks were broadly weak on Wednesday, including Airbnb, which fell more than 5%. In addition to a possible crackdown by China, industry groups reported a 6% decline in foreign visitors to the United States in 2025. According to Reuters, the World Travel and Tourism Council said the trend occurred despite global tourism spending increasing. Bookings were down 4% and Expedia was down 5%. Rivian — The electric car maker’s stock fell more than 8% after UBS downgraded Rivian from neutral to sell. Analyst Joseph Spak said that while the market is excited about the company’s artificial intelligence potential, “there’s been very little AI-related news out there.” His team likes the new Rivian R2 SUV, but he thinks expectations may be too high. Intuitive Surgical — Shares fell nearly 4% after the company predicted its da Vinci surgical robot would perform fewer surgeries in 2026 than analysts expected. The forecast comes after the company reported preliminary fourth-quarter earnings that beat expectations. Intuitive expects revenue of $2.87 billion, higher than the $2.72 billion expected by analysts polled by FactSet. AppLovin — Even though Evercore ISI opened coverage of AppLovin with Outperform, the marketing platform’s stock price fell more than 9%. Evercore’s price target is $835. Netflix — Stocks fell 2%. Netflix is preparing an all-cash bid of $72 billion for Warner Bros. Discovery studios and HBO Max, CNBC’s David Faber confirmed Wednesday. Bloomberg first reported details of the proposal on Tuesday, citing people familiar with the matter. Wells Fargo — Shares fell more than 5% after the bank reported lower-than-expected fourth-quarter earnings. The company’s revenue was $21.29 billion, below LSEG’s estimate of $21.65 billion. Net interest income was also lower than expected at $12.3 billion. Wells Fargo’s stock price has risen nearly 25% over the past 12 months. Bank of America — Despite reporting better-than-expected results in the fourth quarter, the company’s stock fell 5%. The company’s revenue was $28.53 billion, or 98 cents per share. Analysts had expected sales of $27.94 billion and earnings per share of 96 cents. Beat was driven by higher-than-expected net interest income. Bank of America stock has increased about 13% over the past year. Citigroup — Shares fell more than 4% after the bank reported adjusted earnings of $1.81 per share on fourth-quarter revenue of $21 billion. Analysts polled by LSEG expected earnings of $1.67 per share on sales of $20.72 billion. Citigroup’s stock price has risen more than 50% over the past year. — CNBC’s Fred Imbert, Darla Mercado and Itzel Franco contributed reporting
