Stocks making the biggest moves midday: Sunrun, Eli Lilly, DiDi Global, CrowdStrike and more


In this article

Tim McKibben, left, a senior installer for the solar company, Sunrun, and installer Aaron Newsom install solar panels on the roof of a home in Granada Hills.
Mel Melcon | Los Angeles Times | Getty Images

Check out the companies making headlines in midday trading Monday.

Solar companies — Solar stocks jumped after the Biden administration announced it would suspend tariffs on panel products from several Southeast Asian nations. The levies will be halted for 24 months. Sunrun shares traded more than 9% higher, while SunPower popped 6.3%. Enphase Energy shares rallied 7.1% higher.

Twitter — Shares of Twitter fell 2.8% after Elon Musk accused the company of “resisting and thwarting” his right to information about fake accounts on the platform, according to a letter to the company written by his lawyer Monday.

Eli Lilly — The drugmaker climbed 2.4% after it reported successful results from a study involving diabetes drugs Jardiance and Trulicity. Jardiance showed a decreased relative risk of hospitalization for heart failure. Trulicity showed it was more effective in reducing A1C (the percentage of sugar-coated hemoglobin in your red blood cells) levels that the placebo.

Spirit Airlines — Shares of the discount air carrier jumped about 6% after its bigger rival, JetBlue Airways, sweetened its offer to buy the company Monday. Spirit rejected JetBlue’s initial offer of $30 per share last month. Under the new terms, Spirit shareholders would get $31.50 per share. JetBlue shares added 1.8%.

Keurig Dr Pepper — Shares of the beverage maker rose 5.1%, along with a handful of others names, after S&P Dow Jones Indices announced it would be added to the S&P 500 index later this month. Other additions On Semiconductor and Vici Properties each gained about 5%.

DiDi Global — Shares of the Chinese ride-hailing giant surged 35.2% after The Wall Street Journal reported regulators are concluding investigations into the company. The Journal reported that authorities would lift a ban on Didi adding new users as early as next week and reinstate the company’s app in domestic app stores. Didi has been one of the worst-hit companies by Beijing’s regulatory tightening and has been the subject of a cybersecurity probe since days after its U.S. IPO.

CrowdStrike — Shares of the cybersecurity company rose 4.6% after Morgan Stanley upgraded them to overweight from equal weight, calling them a buy as the macro environment becomes less certain.

— CNBC’s Yun Li and Fred Imbert contributed reporting

Products You May Like

Articles You May Like

IRS Extends Tax Return Due Dates For Kentucky Storm & Flood Victims
Here’s Why More Fed Officials Are Warning That The Market Is Getting Ahead Of Itself
Evergrande Creditors Left With Few Options As Beijing Sets The Agenda
With domestic fares down 25% since spring, now’s the time to book flights for fall trips, travel app study finds
Rent prices are soaring in these 5 U.S. metros. Here’s what to know before moving to a cheaper area