MarineMax's stock surged 46% after agreeing to be acquired by Blackstone Infrastructure's Safe Harbor Marinas for $53 per share, totaling $1.5 billion, with the deal expected to close by the end of 2026. Varex Imaging also saw a 48% increase following Teledyne Technologies' agreement to purchase it for $18.90 per share, with closure anticipated in early 2027.
Conversely, stocks related to artificial intelligence infrastructure faced declines, with the Global X Data Center & Digital Infrastructure ETF dropping 1% and Corning falling over 3%. Doximity's shares fell 5% after a previous surge, as CEO Jeffrey Tangney noted high margins from their AI search tool.
NetApp gained 6% after Morgan Stanley upgraded its rating, citing improving storage fundamentals. Verisk Analytics dropped over 5% after a judge ruled it must proceed with a $2.35 billion acquisition of AccuLynx, despite previously terminating the deal. Apple shares dipped 2% following a downgrade by Jefferies, which cited the potential cancellation of an all-glass iPhone.
Other notable movements included Everpure rising 9% after upgrades, Berkshire Hathaway increasing nearly 2% due to strong earnings, and Intel falling nearly 3% after announcing a $15 billion stock offering. Monday.com dropped over 6% due to disappointing guidance, while eBay fell 3% amid news that GameStop might abandon its takeover bid.
Hewlett Packard Enterprise rose 4% after an upgrade, and Archer Aviation surged almost 8% following its acquisition of three Boeing subsidiaries. AbCellera Biologics soared 43% after positive clinical trial results, while N-Able plunged over 37% due to disappointing guidance. Sionna Therapeutics collapsed 92% after its cystic fibrosis drug failed key trial endpoints