A look at companies garnering attention in midday trading: Intuitive Machines — Shares surged 38.3% after the space exploration company won a roughly $5 billion space network contract from NASA. United States Steel — The U.S. steelmaker’s shares rose 1.5% after a U.S. security committee reportedly allowed Nippon Steel to resubmit its proposed $14.1 billion acquisition of the company. The move is likely intended to postpone a decision on the politically controversial acquisition until the November presidential election. Victoria’s Secret — The lingerie maker’s shares rose 3.5% after Barclays upgraded it to equal weight from underweight, citing a more balanced risk-reward backdrop. The bank now sees room for more than 6% upside in the stock. VF Corporation — Shares rose 3.9% after Barclays upgraded it to overweight from equal weight. Medical Properties Trust — Shares fell 4.8% after Medical Properties Trust said it expects to take an additional impairment charge of about $430 million in the third quarter following a settlement with its tenant, Steward, which had filed for Chapter 11 bankruptcy. McGrath Rentcorp — Shares fell 3.1% to a new 52-week low after the business-to-business rental company dissolved its merger with WillScot Holdings. McGrath will receive $180 million in termination fees under the terms of the agreement. ResMed — Shares of the medical device company, which makes devices to treat obstructive sleep apnea, fell 5.1% after Wolf Research downgraded the company to underperform from peer perform. The company expects revenue growth to slow due to increased competition from Eli Lilly’s GLP-1 drugs. Casella Waste Systems — The recycling company fell 5.8% after it announced a $400 million public offering of its Class A common stock. — CNBC’s Sean Conlon, Michelle Fox, Lisa Han, Yun Li, Jesse Pound and Pia Xin contributed reporting.
LUNR, X, VSCO, etc.
