Stocks making the biggest moves midday: Regeneron, Dominion, Mobileye, Viking and more
π Dominion Energy shares jumped over 9% after NextEra Energy agreed to acquire the company in an all-stock deal.
β‘ The merger would combine the two firms into the world's largest regulated electric utility business.
π NextEra Energy shares fell about 5% following the announcement of the acquisition.
π³οΈ Viking Holdings stock rose nearly 2% after Wells Fargo upgraded its rating to overweight.
βοΈ Analysts cited stronger-than-expected bookings and resilient demand for Viking despite fears related to the Iran war.
π€ Mobileye shares dropped almost 8% after Jefferies initiated coverage with an underperform rating.
β οΈ The analyst warned that Mobileye faces heightened competitive pressure and has priced in upside from autonomy improvements.
π° Cognizant Technology Solutions shares rose nearly 7% after doubling its share repurchase target to $2 billion for 2026.
β€οΈ Boston Scientific shares gained over 3% on plans for a $2 billion accelerated stock buyback program.
π¬ Boston Scientific also announced a $1.5 billion investment in MiRus to reenter the transcatheter aortic valve replacement market.
𧬠Regeneron Pharmaceuticals shares fell more than 10% after its skin cancer treatment missed late-stage trial goals.
π Macy's stock rose about 1% after reports revealed Berkshire Hathaway initiated a small $55 million position in the company.
βοΈ Delta Air Lines shares were up over 1% after filings showed Berkshire Hathaway took a $2.6 billion stake in the airline.
π€ ServiceNow shares jumped 6% following Bank of America reinitiating coverage with a buy rating citing AI benefits.
π Ford Motor stock spiked after announcing a five-year agreement to produce up to 4 gigawatt hours of battery energy storage annually.
- Dominion Energy shares popped more than 9% after NextEra Energy announced a deal to acquire the company in an all-stock transaction.
- Viking Holdings stock rose nearly 2% after an upgrade from Wells Fargo to overweight, citing stronger-than-expected bookings and resilient demand despite fears associated with the ongoing Iran war.
- Advanced bookings for Viking for 2027 already have risen 31% from the prior year according to Wells Fargo.
- Cognizant Technology Solutions shares rose nearly 7% after the company doubled its share repurchase target for this year to about $2 billion in 2026.
- Boston Scientific shares rose more than 3% on plans for a $2 billion accelerated stock repurchase plan.
- Boston Scientific also made a $1.5 billion investment in a privately held heart valve business, MiRus, enabling reentry into the transcatheter aortic value replacement market.
- Macy's shares rose about 1% after a regulatory filing revealed Berkshire Hathaway initiated a small position valued at roughly $55 million.
- Bio Rad Laboratories stock jumped 11% following a Wall Street Journal report that activist Elliott Investment Management has built a sizable stake in the company.
- Delta Air Lines shares were up more than 1% after a regulatory filing showed Berkshire Hathaway took a sizable stake totaling $2.6 billion in the airline.
- ServiceNow shares jumped 6% following Bank of America reinitiating coverage with a buy rating, noting the company will likely benefit from AI rather than be replaced by it.
- Ford Motor stock spiked after Ford Energy and EDF power solutions North America announced a five-year agreement to produce up to 4 gigawatt hours of direct current Block Battery energy storage systems annually, with deliveries expected to begin in 2028.
- Regeneron Pharmaceuticals shares fell more than 10% after its treatment for a skin cancer missed goals in a late-stage trial.
- Mobileye shares dropped almost 8% following an initiation of an underperform rating at Jefferies, which warned the company faces heightened competitive pressure and has already priced in upside from improved autonomy systems.