Check out the companies making the biggest moves in intraday trading: Stanley Black & Decker — The power tools maker’s stock rose more than 4% after the company said recent changes to Section 232 tariffs would not materially impact its full-year forecast. According to the White House, the Section 232 tariffs generally impose a 50% tax rate on aluminum, steel, and certain related products, but a 25% tax rate on some specific copper and derivative products. FERMI — The energy infrastructure development company’s stock price fell more than 22% following the resignation of Chief Financial Officer Miles Everson, just days after CEO Toby Neugebauer stepped down. Fermi was co-founded by former Energy Secretary Rick Perry to power AI data center projects. Compass Pathways, AtaiBeckley — Shares of psychedelic-focused drug development companies were soaring, mostly as part of small-cap stocks, following President Donald Trump’s executive order to accelerate research and access to psychedelic drugs. Ataibekley’s stock price rose more than 25%, while Compass rose nearly 40%. Biogen — The company’s stock rose nearly 3% after the company agreed to pay TJ BioPharma $850 million for exclusive marketing rights in China for ferzaltamab, an experimental treatment for immune-related diseases such as IgA nephropathy. The deal gives Biogen worldwide rights to develop and market the drug. AIRLINES — The group was under pressure Monday as investors worried that tensions between the U.S. and Iran would flare up, energy prices would rise and consumers would travel less. American Airlines stock fell nearly 5%, and United Airlines’ stock fell more than 2%. Shares of JetBlue Airways and Delta Air Lines each fell about 1%. Fertilizer stocks — Continued disruption to shipping traffic in the Strait of Hormuz led to strong trading in chemical and fertilizer stocks on Monday. CF Industries stock rose nearly 2% after falling about 10% on Friday. Shares of Dow and LyondellBasell Industries rose about 4% and 2%, respectively, after falling double digits on Friday. Marvell Technology , Broadcom — Marvell stock rose more than 4% after The Information reported that the company is in talks with Google to develop two new AI chips. Broadcom recently agreed to produce a future version of Google’s AI chip, and its shares fell nearly 2% on the news. TopBuild — Shares of the insulation installation and sales company soared more than 16% after QXO announced it would acquire the company for $17 billion. QXO said in a release that the acquisition will create a high-margin business that will immediately increase revenue. Still, QXO stock fell nearly 8% on news of the deal. AST SpaceMobile — Shares fell 8% after a satellite launched over the weekend was placed in the wrong orbit. The company said in a release that it expects to recover the cost of the satellite through insurance and plans to launch into orbit once every one to two months in 2026. Cruise Lines – Concerns about rising fuel costs again and consumer demand weighed on these stocks on Monday. Carnival shares fell 1%, Norwegian Cruise Line shares fell nearly 5% and Royal Caribbean Group shares fell nearly 3%. —CNBC’s Fred Imbert and Nick Wells contributed reporting.
