Midday movers: Lululemon, Pfizer, Apple and more

  • Investing.com
  • Stock Market News
Midday movers: Lululemon, Pfizer, Apple and more
Credit: © Reuters.

Investing.com -- U.S. stocks rose Monday to start a week that sees the quarterly earnings season ramp up.

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

  • Lululemon (NASDAQ: LULU ) stock rose 9.8% with the athleticwear company set to join the benchmark S&P 500 index on Wednesday, S&P Dow Jones Indices confirmed last week.
  • Pfizer (NYSE: PFE ) stock rose 4.9%, while German partner BioNTech (NASDAQ: BNTX ) stock dropped 5% and rival Moderna (NASDAQ: MRNA ) fell 4.6%, after the U.S. drugmaker slashed the sales forecast for its COVID vaccine and therapy last week.
  • Apple (NASDAQ: AAPL ) stock fell 0.6% after Bloomberg reported the tech giant’s new iPhone 15 is facing challenges in the Chinese market, with sales lagging behind its predecessor - the iPhone 14.

  • Nvidia (NASDAQ: NVDA ) stock rose 1.1% following a Bloomberg News report that the U.S. will strengthen restrictions on China's access to advanced chip technology.

  • Manchester United (NYSE: MANU ) stock fell 8.8% after reports that British billionaire Jim Ratcliffe is looking to acquire only a 25% stake in the soccer club, raising concerns that a buyout by Qatar's Sheikh Jassim bin Hamad al Thani could be off the table.

  • Rite Aid (NYSE: RAD ) stock was halted after the drugstore chain filed for Chapter 11 bankruptcy and announced it has received a commitment for $3.45 billion in new financing from some of its lenders.
  • Novo Nordisk (CSE: NOVOb ) (NYSE: NVO ) stock fell 1.2% after the drugmaker agreed to buy a hypertension drug from KBP Biosciences for up to $1.3 billion.

  • DR Horton (NYSE: DHI ) stock rose 0.9% after Goldman Sachs (NYSE: GS ) upgraded its stance on the housebuilder to ‘buy’ from ‘neutral’, while KB Home (NYSE: KBH ) stock fell 2.1% as Goldman cut to ‘neutral’ from ‘buy’.

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