Stocks making the biggest moves midday: TG Therapeutics, Micron Technology, ChargePoint and more

Stock Market

In this article

A ChargePoint station at the New Carrollton Branch Library in New Carrollton, Md.
Tom Williams | Cq-roll Call, Inc. | Getty Images

Check out the companies making headlines in midday trading.

TG Therapeutics — Shares jumped more than 9% after the biotech company announced this week that the U.S. Food and Drug Administration approved its treatment for relapsing forms of multiple sclerosis in adults.

Micron Technology — Shares of the chipmaker dropped 2% after the stock got downgraded to hold from buy by Argus Research. The firm cited the potential for deep operating losses in upcoming quarters.

GlobalFoundries — Shares of the semiconductor manufacturer lost more than 1% a day after a report that the company will lay off 50 workers from its former California headquarters, according to the Silicon Valley Business Journal.

ChargePoint — The maker of EV charging technology saw shares rise more than 4% after Q-GRG VII (CP) Investment Partners bought more than 1.4 million shares, according to a filing with the U.S. Securities and Exchange Commission.

Nikola — Shares of the electric vehicle company fell more than 6% Friday. The move came as the company announced plans to raise cash by selling up to $125 million of senior convertible bonds.

 — CNBC’s Nick Wells, Alex Harring, Sarah Min and Samantha Subin contributed reporting.

Articles You May Like

XRP Slips Below Crucial Support, ADA Plunges 7%, BTC Dipped Below $113K: Market Watch
Ripple Taps SBI to Distribute RLUSD Stablecoin in Japan, But XRP Falls
Analyst Says Solana Price Is At The Gates Of Massive Breakout, Heres The Target
From Boom to Slowdown: Crypto Stocks Lose Steam After 500% Surge
Bitcoin Whales Strike Again: Strategic Selling on Binance Puts $110K in Sight