Check out the companies making their biggest moves at noon: Million Technology – Radiation detection names fell more than 8% after it announced $300 million in common stock. Million also sells $250 million in convertible debt. Worthington Steel – Metalworkers fell 8% in quarter mixed results. Meanwhile, sales and operating profit increased from the previous year, but production volumes fell. Freeport-McMoran – The mining company’s shares slide 5%, adding to the 17% drop on Wednesday. Stock prices are under pressure after Freeport declared its troops at the Grasburg mine in Indonesia this week. MP Materials – Rare Earth Mining Stock jumped 10%. The catalyst for migration was not clear, but this movement has led to an increase in MP by more than 190% per year. Oracle – Database software companies fell 5% as concerns about AI trading continue to decline. Rothschild & Co Redburn has begun Oracle’s compensation with Oracle’s selling rating, saying the market is “substantially” overestimating Oracle’s contract cloud revenues. Over 40% of the stocks have been dropped first. Intel – Shares rose 6% following a Bloomberg report that Intel approached Apple for investing in chip makers. The meeting is in its early stages, the report said. Transocean – Shares fell 12% after Offshore Driller announced plans to sell 125 million shares at a price of $3.05. Opendoor Technologies – Trading company Jane Street has revealed a 5.9% stake in its online real estate platform, surpassing its shares by 7%. This year, stock prices have skyrocketed by more than 400%. Lithium America – Mining inventory rose another 17%, increasing its pace to build on a massive surge of 95.8% from the previous session. Lithium America was torn apart Wednesday as the Trump administration is trying to build stock in a Canadian company. JABIL – Electronics manufacturers slid 6% despite reporting fourth quarter revenue and revenue beats. Jabil’s core revenue was $3.29 per share, compared to a fact set consensus estimate of $2.92. Revenues are $8.25 billion, exceeding the $7.95 billion forecast from analysts. Stitch Fix – Stocks fell 17%. Online styling companies reported lower Added EBITDA in the fourth fiscal quarter compared to the same period a year ago. Stitch Fix also said its active client base had shrunk by nearly 8% year-on-year. Uniqure – The biotech company’s inventory rose nearly 9% after clinical trials found that the company’s experimental gene therapy for Huntington slows the progression of neurodegenerative diseases. Carmax – Shares plummeted 19% after a used car retailer reported a disappointing quarter results. Carmax recorded a profit of 64 cents per share in the second quarter. The earnings analysts voted at $1.04 per share were forecast. Revenue was $6.59 billion, missing a consensus estimate of $7.01 billion. – CNBC’s Sarah Min and Alex Harring contributed the report.
