Midday movers: Boeing, HP, Micron and more

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Midday movers: Boeing, HP, Micron and more

Investing.com -- U.S. stocks were wobbling on Monday, with last week’s positive sentiment diluted by Moody’s rating agency downgrading its outlook for the U.S. long-term credit rating.

Here are some of the biggest U.S. stock movers today:

  • Boeing (NYSE: BA ) stock rose 4.3% after Bloomberg News reported that China is mulling potentially resuming purchases of the planemaker's fast-selling 737 Max jets.

  • HP (NYSE: HPQ ) stock rose 0.6% after Citigroup upgraded the computer hardware manufacturer to ‘buy’ from ‘neutral’, citing a favorable valuation, substantial cost reductions and the possibility for AI integration on PCs.

  • Micron (NASDAQ: MU ) stock fell 1.3% after Chinese chipmaker Yangtze Memory Technologies filed a lawsuit against the U.S. rival alleging infringement of eight of its patents.

  • Robinhood (NASDAQ: HOOD ) stock rose 1.7% after Google-parent Alphabet (NASDAQ: GOOGL ) said it had dissolved its stake in the trading app operator, a few months after the tech giant slashed its stake in the company by nearly 90%.

  • Novo Nordisk (CSE: NOVOb ) (NYSE: NVO ) stock rose 0.3% after the drugmaker presented data over the weekend showing that the heart protective benefits of its popular obesity drug Wegovy are not solely due to weight loss.

  • Plug Power (NASDAQ: PLUG ) stock rose 2.2%, continuing Friday’s hefty losses after the hydrogen fuel-cell firm pulled its 2023 guidance, citing “unprecedented supply challenges.”

  • Tyson Foods (NYSE: TSN ) stock fell 2.8% after the food processor announced the closing of two of its case-ready meat production facilities in the US.

  • Capital Product (NASDAQ: CPLP ) stock rose 3.9% after the transport tanker and vessel owner said it has acquired 11 newbuild LNG carriers from Capital Maritime for $3.1 billion.

--Peter Nurse contributed to this report

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