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Midday movers: Arm Holdings, AMC Entertainment, Carnival and more

Published 09/14/2023, 07:43 AM
Updated 09/14/2023, 12:47 PM
© Reuters

Investing.com -- U.S. stocks are rising after Arm Holdings rose in its trading debut and as economic data pointed to a resilient consumer.

Here are some of the biggest U.S. stock movers today:

  • Arm Holdings (NASDAQ:ARM) rose 17% in its trading debut after pricing its initial public offering at $51 a share, touching the top end of its indicated range. Peers Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) rose 0.1% and fell 0.3%, respectively.

  • AMC Entertainment (NYSE:AMC) stock rose 0.6% after the cinema chain announced that it garnered about $325.5 million in new equity capital through the sale of 40 million shares.
  • Vital Energy (NYSE:VTLE) stock fell 5.9% after the company signed agreements valued at about $1.17 billion to expand its acreage in the Permian Basin, the highest producing oil field in the U.S..

  • HP (NYSE:HPQ) stock fell 1.8% after Warren Buffett's Berkshire Hathaway (NYSE:BRKa) sold about 5.5 million shares of the information technology company, according to a filing.

  • Starbucks (NASDAQ:SBUX) stock rose 0.6% after the coffee chain announced that former CEO Howard Schultz is stepping down from its board, marking his exit from leadership at the company.

  • Etsy (NASDAQ:ETSY) stock rose 2.6% after Wolfe Research upgraded the online marketplace to ‘outperform’ from ‘peer perform’, expecting growth to improve when the economy strengthens.

  • Carnival (NYSE:CCL) stock rose 3.4% after Redburn upgraded its stance on the cruise operator to ‘buy’ from ‘neutral’, suggesting potential upside of over 50%.

--Peter Nurse contributed to this report

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