Check out the companies that are trending in intraday trading. Berkshire Hathaway — Berkshire’s Class B shares fell 1.9% in intraday trading. The company’s stock price reached a record high in early trading after strong operating profits in the fourth quarter. R1 RCM — The healthcare payments technology company’s major shareholders indicated they were considering strategic alternatives, including taking R1 RCM private, according to a filing with the U.S. Securities and Exchange Commission. rose by 25.1%. Freshpet — Stock price rose 19.7%. The pet food company’s fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization were $31.3 million, beating the FactSet consensus estimate of $27.4 million. Sales were $215.4 million, exceeding $204.6 million. HashiCorp — Shares rose 14% after Morgan Stanley upgraded the software company from equal weight to overweight. The bank said HashiCorp should benefit from a resurgence in its cloud efforts. Pilgrim’s Pride — Shares rose 8% after the meat processing company beat Wall Street expectations for the fourth quarter. Pilgrim’s Pride reported earnings of 59 cents per share on revenue of $4.53 billion, excluding items, while analysts polled by FactSet said they expected quarterly revenue of $4.48 billion. It had expected earnings of 43 cents per share. Domino’s Pizza — Shares rose 5.9% after the restaurant chain announced a 25% increase in its dividend, which will be paid on March 29th. Domino’s Pizza’s board of directors also approved an additional stock repurchase program of up to $1 billion. Amer Sports — The sporting goods retailer rose 3.6% after numerous bullish calls from Wall Street analysts. Many of those analysts said they expect shares to rise for the parent company of brands like Wilson and Arc’teryx, which went public earlier this month. Micron Technology — Shares rose 4% on artificial intelligence-related tailwinds after the semiconductor maker announced it would begin mass production of its high-bandwidth memory 3E solution. The company shared that this HBM3E solution consumes 30% less power than competitors and can provide data centers with memory bandwidth to seamlessly adapt AI applications. Moderna — Shares of the vaccine maker fell 2.5% following a downgrade from hold to downgrade by HSBC. HSBC said Moderna’s RSV vaccine appears to be less effective than its competitors, which could hurt future growth. Alcoa — Shares of the aluminum maker fell 4.5%. Alcoa announced on Sunday that it has entered into an agreement to acquire Australian joint venture partner Alumina Limited in an all-stock transaction for approximately $2.2 billion. Fluence Energy — Shares rose 7.9% after Susquehanna Financial upgraded the energy storage stock to positive from neutral, saying recent stock weakness made it an attractive entry point. Fresh Del Monte Produce — Shares fell 3% after the agricultural company reported lower-than-expected quarterly results. Fresh Del Monte Produce’s fourth-quarter adjusted earnings were 25 cents per share, below the 31 cents per share expected by analysts surveyed by FactSet. Revenue was $1.01 billion, below the consensus estimate of $1.03 billion. PPG Industries — Shares fell 1.4% after PPG Industries announced it is considering strategic alternatives for its architectural coatings business in the U.S. and Canada. — CNBC’s Brian Evans, Michelle Fox, Lisa Kairay Hung, Alex Harring, Tanaya Machel, Jesse Pound and Pia Singh contributed reporting.
Stocks with the biggest moves at midday: BRK.B, RCM, FRPT, AS
