Stocks Making Significant Moves Midday: BlackBerry, Kymera Therapeutics Surge, While Apple and Hertz Experience Declines

Kymera Therapeutics' stock surged 17% after enrolling in a Phase 2b Broaden2 trial for its KT-621 drug, aimed at treating atopic dermatitis. BlackBerry's shares rose 20% following better-than-expected fiscal first-quarter results, reporting an adjusted profit of 4 cents per share on revenue of $152.9 million, surpassing analyst expectations.

Conversely, Apple saw its shares drop nearly 5% after announcing price increases for MacBooks and iPads, citing rising demand and costs for components. AeroVironment's stock fell 4% ahead of its fourth-quarter earnings report, as it prepares to restate previous results.

Microsoft shares declined 3.8% after announcing price hikes for Xbox consoles, explaining that consoles are typically sold at a loss. Hertz Global's stock dropped over 9% due to a secondary offering of 37 million shares priced at $2.70 each, with proceeds going to JPMorgan.

Micron's shares soared 15% after reporting third-quarter earnings of $25.11 per share, significantly exceeding expectations, while Qualcomm's stock gained 8% after nearly doubling its 2029 revenue forecast. Memory stocks also rose, with Sandisk up 18% and Western Digital up 7%.

Wendy's shares fell nearly 3% after a previous surge, and Trip.com shares declined almost 2% after missing earnings expectations. Bio-Techne's stock rallied 19.7% following its acquisition by Merck for $73 per share, while Dollar Tree dropped 1.6% amid a major shareholder's block trade.

McCormick reported second-quarter earnings of 80 cents per share, exceeding expectations, leading to a 4% stock gain

Stocks in this article

Company Price Change Change % AI
AeroVironment AVAV.US 112.76 +10.68 +10.46% Sell
Hertz Global HTZ.US 1.64 -0.15 -8.38% Sell
Qualcomm QCOM.US 165.41 +8.66 +5.52% Sell
Micron MU.US 690.00 +33.61 +5.12% Sell
BlackBerry BB.US 8.74 +0.37 +4.42% Buy
Sandisk SNDK.US 835.06 +28.63 +3.55% Sell
Kymera Therapeutics KYMR.US 131.73 +3.61 +2.82% Sell
Western Digital WDC.US 263.78 -3.85 -1.44% Sell
Microsoft MSFT.US 530.61 -5.32 -0.99% Buy
Apple AAPL.US 342.37 -1.80 -0.52% Hold

StockGuide AI model context

BlackBerry · Buy · Risk: 40/100 · Potential: 65/100 · 2026-11-08

Hertz Global · Sell · Risk: 85/100 · Potential: 20/100 · 2026-11-08

Kymera Therapeutics · Sell · Risk: 70/100 · Potential: 49/100 · 2026-11-08

Micron · Sell · Risk: 77/100 · Potential: 30/100 · 2026-11-08

Western Digital · Sell · Risk: 85/100 · Potential: 24/100 · 2026-11-07

More business news