Check out the companies that are trending in intraday trading: Global pharmaceutical stocks — President-elect Donald Trump on Thursday selected prominent vaccine skeptic Robert F. Kennedy Jr. as secretary of health. As a result, the stock prices of several vaccine manufacturers fell. Shares of Moderna and Pfizer fell 7.3% and 4.7%, respectively. BioNTech, which helped develop a coronavirus vaccine with Pfizer, fell 3.7%, and GSK fell 1.9%. Even stocks such as Eli Lilly and Novo Nordisk fell on concerns that the drug approval process could be delayed, with both stocks dropping 3.4% and nearly 5%, respectively. SUPER MICROCOMPUTER — Shares of the struggling server company rose 3.2% ahead of Monday’s deadline for the company to be delisted from the Nasdaq. Supermicro has been late filing its year-end report with the U.S. Securities and Exchange Commission, violating Nasdaq rules. This is the 11th losing day for Super Micro in the past 13 trading sessions. Alibaba — Shares fell 2.2% after the Chinese e-commerce giant reported lower-than-expected fiscal second-quarter sales on the back of a deteriorating consumer environment in China. According to LSEG, Alibaba’s revenue was 236.5 billion yuan, up 5% year-on-year, but lower than analysts’ expectations of 238.9 billion yuan. Palantir — Shares rose 11.1% after the analytics software provider announced it would move its listing from the New York Stock Exchange to the Nasdaq Global Select Market. Palantir expects the transition will qualify it for inclusion in the Nasdaq 100 index. Domino’s Pizza, Pool Corp., Ulta Beauty — The pizza chain’s stock fell 1.3% after Warren Buffett’s Berkshire Hathaway announced a new investment in Domino’s Pizza, but the conglomerate’s Pool Corp. Pool Corporation rose 0.5% after purchasing a small stake in . supplier. Ulta fell 4.6% after Berkshire Hathaway disclosed in a regulatory filing that it has sold about 97% of its stock and largely eliminated its status as a beauty products retailer. Berkshire just bought the stock in the second quarter, making Ulta a relatively new investment. AST SpaceMobile — Shares fell 9.6% after the company reported weaker-than-expected third-quarter results. AST SpaceMobile reported a loss of $1.10 per share on revenue of $1.1 million. That was well below the 20 cents per share loss and $1.8 million revenue that analysts had expected, according to FactSet. Applied Materials — The semiconductor equipment maker fell 9.2% after the company gave a weaker-than-expected revenue outlook for the current quarter. Applied Materials told investors it expected first-quarter sales of $7.15 billion, below the $7.22 billion expected by analysts surveyed by LSEG. However, the company beat expectations in both areas in the fourth fiscal quarter and issued positive guidance for adjusted earnings per share. —CNBC’s Sean Conlon, Alex Harring, Jesse Pound, Ha-Kyung Kim and Lisa Han contributed reporting.
Stocks with the biggest price movements at midday: PLTR, MRNA, ULTA, BABA
