Stocks making the biggest moves midday: Autodesk, PayPal, Rivian, Nebius, Waters and more
Check out the companies making headlines in midday trading: Autodesk — The design software maker rose more than 5% after Bloomberg News reported , citing people familiar with the matter, that it ended a plan to potentially buy out PTC . The possible acquisition was first reported by Bloomberg last Wednesday . PTC fell about 2%. Waters — The life sciences tools maker fell nearly 12% after announcing plans to merge with Becton Dickinson’s Biosciences & Diagnostic Solutions unit. Waters will take on $4 billion in debt and issue 39.2% of its stock to Becton Dickinson shareholders, under the terms of the deal. Becton shareholders will also receive a $4 billion payout. Becton shares fell more than 1% Synopsys , Ansys — Shares of semiconductor design company Synopsys slipped roughly 1% after Chinese regulators conditionally approved its purchase of Ansys for $35 billion. Ansys rose 3%. Fastenal — Shares gained 2% after second-quarter earnings surpassed analysts’ estimates. The industrial supply company reported earnings of 29 cents per share, while analysts polled by FactSet were looking for 28 cents. PayPal — Shares of the fintech company jumped more than 3% as Wall Street analysts brushed off a Bloomberg News report that JPMorgan will start charging fees for access to customer bank account information. “If implemented, any adverse impact is likely to be negligible in our view,” Morgan Stanley analysts said in a Monday note. Nebius Group — The artificial intelligence infrastructure stock popped about 11% after Goldman Sachs initiated coverage with a buy rating. The firm said the name is “well positioned” to benefit from anticipated growth in the AI Neocloud market. nCino — The financial technology provider gained more than 3% following an upgrade to outperform at Baird , with analyst Joe Vruwink citing an upbeat outlook from company management. Rivian Automotive — The electric vehicle company pulled back almost 3%. Guggenheim downgraded Rivian to neutral from buy in a Monday note, with analyst Ronald Jewsikow pointing to the likelihood of softer long-term sales of its R2 and R3 vehicles. SolarEdge Technologies — Shares rose nearly 2% after Barclays upgraded SolarEdge to equal weight from underweight. The bank said despite the anticipation that the overall market will shrink in 2026, SolarEdge is poised to grow both this year and next. Bitcoin-related names — Bitcoin-related stocks advanced Monday after the largest cryptocurrency by market capitalization reached an all-time high above $120,000. Shares of crypto exchange Coinbase added 1%, while MARA Holdings gained about 3%. — CNBC’s Michelle Fox, Sean Conlon, Scott Schnipper, Spencer Kimball, Brian Evans and Sarah Min contributed reporting.
