Check out the companies making the biggest moves during the day: Diabetes Technology Stocks – The Centers for Medicare & Medicaid Services are proposing changes to the rules that allow for changes to the reimbursement rates for ongoing glucose monitors and insulin pumps. The news sent stakes in diabetes technology stocks low. Tandem diabetes care and betabionics fell to 4% and 6% respectively, while Dexcom’s share drove almost 4%. Insulet stocks also fell 4%. Progress Software – Business Application Software Maker fell 11% after reporting mixed results for the second quarter. According to Factset, revenues were $237.4 million, shy of the consensus estimate of $237.5 million. Adjusted revenue was $1.40 per share, exceeding the analyst’s expected $1.30 per share. Ge Vernova – The energy equipment manufacturer’s shares fell 7% shortly after reports that the company is considering potential sales of its industrial software business, Proficy. Ge Vernova is working with financial advisors to reach out to publicly available companies and private corporations, Bloomberg reported, citing people familiar with the issue. TESLA – Electric car makers lost 5% after President Donald Trump suggested that government efficiency has considered subsidies for potential cost-cutting measures for Tesla CEO Elon Musk. Trump’s comments come after Musk once again criticized the president’s tax and spending bill. Aerovironment – Shares fell nearly 8% after defense contractors announced they had proposed to offer $600 million in 2030 in $750 million common stock and convertible senior notes. The bank said a new set from the magic: gathering will help boost sales of Hasbro. Kontoor Brands – Shares rose 7% after Goldman Sachs added the apparel company to its conviction list. Goldman said the acquisition of Kontoor’s Helly Hansen should boost Wrangler’s parent portfolio. Hyatt Hotel – Shares have risen nearly 5% after Raymond James upgraded the hotel chain from market performance to strong purchases. As a catalyst for the upgrade, the bank pointed to Hyatt’s announcement on Monday, entering a deal to sell the entire property owned by Playa, removing the “critical overhang.” Wyn Resort in Las Vegas Sands – Casino stocks have gathered after Macau reported strong gaming demand, with total gaming revenues rising 19% year-on-year to 21.06 billion Pataca. Following the release of the data, Stifel analyst Steven M. Wieczynski said: Shares in Wynn Resorts and Las Vegas Sands both rose 8%. SweetGreen – After TD Cowen downgraded SweetGreen and held it from the purchase, the stock slides 3%. The company said it likes the long-term outlook for sweet greens, but said there is risk to salad chains this year, followed by increased competition in urban areas. Joby Aviation – Electric Aviation Company shares fell 8%, returning most of its progress on Monday. The shares revolved more than 11% in the previous session prior to the service launch in 2026, after the company delivered its first flight taxi to the United Arab Emirates. Bloomin’ Brands – The parent company of Outback Steakhouse and Carrabba’s Italian grills rose 16%. Bloomin’ Brands were out of a six-day winning streak. Circle Internet Group – Stablecoin issuer added nearly 1% after submitting a bank charter application to the office of the Secretary of Currency. If the bank’s charter is granted, Circle will establish the first National Digital Currency Bank and provide blockchain-related custody services. – CNBC’s Sarah Min, Michelle Fox, Christina Cheddar-Berk and Alex Harring contributed the report.
