Stocks making the biggest moves midday: Hanesbrands, Mercury Systems, Sonos, Intel & more

CNBC

3 days ago

Check out the companies making the biggest moves midday: AST SpaceMobile — The satellite company soared 11% after it said that it's planning to execute 45 to 60 satellite launches by 2026, with at least five orbital launches anticipated by the end of the first quarter next year. Mercury Systems — The defense contractor surged more than 24% after it reported fiscal fourth-quarter results that beat analyst expectations. Mercury earned 47 cents per share, excluding certain items, on revenue of $273.1 million. Analysts polled by FactSet expected a profit of 22 cents per share on revenue of $244 million. Hillenbrand — Shares of the industrial company jumped 15% on the back of better-than-expected results for the fiscal third quarter. The company earned 51 cents per share on revenue of $598.9 million. Analysts expected earnings of 50 cents per share on revenue of $572.4 million. The company also raised the lower end of its full-year earnings guidance. Sonos — A regulatory filing Monday evening revealed that Thomas Conrad, CEO of the audio equipment manufacturer, bought 92,300 shares Friday, prompting the stock to jump more than 12%. Cardinal Health — The health care services company dropped more than 6% on mixed quarterly figures. For the fiscal fourth quarter, the company reported earnings that beat analyst expectations, while revenue fell short of estimates. Hanesbrands , Gildan Activewear — The T-shirt maker surged more than 25% after the Financial Times reported , citing people familiar with the matter, that Hanesbrands was nearing a deal to be acquired by Gildan for nearly $5 billion. Gildan shares slid 5%. Sinclair — Shares soared more than 16% after Sinclair, one of the largest owners of television stations, started a strategic review of its business that could result in a merger or spinoff of its Ventures business. On Holding AG — U.S. shares of the Swiss sportswear company rallied 8% on reported second-quarter revenue of 749 Swiss francs, exceeding the expectation for 705 million francs from analysts polled by LSEG. The company also hiked its full-year revenue guidance. Celanese — The chemical manufacturer tanked 11% after the company's CEO said demand remains weak and uncertain, overshadowing a second-quarter earnings beat. BigBear.ai — The IT service management company plunged more than 23% after disappointing second-quarter results. BigBear.ai lost 71 cents per share, more than a loss of 6 cents per share estimated by analysts polled by FactSet. Revenue of $32.5 million trailed the Street's $40.6 million forecast. Circle Internet Group — The stablecoin issuer reported strong revenue growth in its first quarterly earnings as a publicly traded company. The stock rose more than 4%. Intel — President Donald Trump called CEO Lip-Bu Tan a "success" days after demanding his resignation. Intel shares rose 3%. The semiconductor maker has been in Trump's crosshairs, who has gone back and forth in his approach to the CEO. — CNBC's Sean Conlon, Sarah Min, Alex Harring and Yun Li contributed to this report.