Lennar's shares rose over 4% following Berkshire Hathaway's disclosure of acquiring more than 2.7 million shares, signaling strong institutional interest. Amgen's stock gained more than 3% after it reported positive phase 3 trial results for its drug dazodalibep, aimed at treating Sjögren's disease, which could enhance its market position in the biotech sector.
Grab Holdings saw a 7% increase after CEO Anthony Tan revealed his purchase of 10.4 million shares, suggesting confidence in the company's future. SoFi Technologies climbed over 1% after launching stablecoin settlement for its debit and credit card program, which may attract more users to its platform.
Capri, the parent company of Michael Kors and Jimmy Choo, rose 7% amid reports of discussions with potential buyers, indicating possible strategic changes. Shopify's shares increased nearly 7% after announcing the integration of Meta's AI agent for enhanced checkout experiences, which could improve customer engagement.
Conversely, Quest Diagnostics and Labcorp Holdings fell 5.3% and 3.6%, respectively, after a Medicare report indicated that laboratory services were overpaid compared to private payors, potentially impacting their revenue. Vicor's shares surged 14% after it provided optimistic third-quarter guidance, forecasting over 20% sequential revenue growth, which exceeded previous expectations.
On Holding's stock jumped over 10% after it set ambitious midterm financial targets and announced a $1 billion share repurchase plan, reflecting strong growth prospects. GameStop's stock rose 4% after CEO Ryan Cohen disclosed a purchase of 1.2 million shares, reinforcing investor interest in the meme stock phenomenon