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Midday movers: Arm Holdings, Micron, Clorox and more

AuthorPeter NurseStock Markets
Published Sep 18, 2023 07:24AM ET Updated Sep 18, 2023 01:12PM ET
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Investing.com -- U.S. stocks were rebounding from earlier losses on Monday as investors turn their attention to this week’s key Federal Reserve meeting.

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

  • Arm Holdings (NASDAQ:ARM) stock fell 8.3%, continuing the company’s volatile ride since its float last week. While the stock also fell 4.5% on Friday, it’s still considerably above its listing price.

  • Micron (NASDAQ:MU) stock rose 1.1% after Deutsche Bank upgraded its rating on the tech company stock to ‘buy’ from ‘hold’, expecting it to benefit from renewed strength in a key line of random access memory chips.

  • Clorox Co (NYSE:CLX)stock fell 0.2% after the household product maker said a cyberattack in August would have a material impact on its first quarter earnings.

  • Ford (NYSE:F) stock fell 2.1% while General Motors (NYSE:GM) stock fell 1.4% with negotiators set to resume talks aimed at ending the United Auto Workers strike which has halted production at three plants in Michigan, Ohio and Missouri.

  • CCC Intelligent Solutions (NASDAQ:CCCS) stock rose 6.8% after Reuters reported that private equity firm Advent International is considering a sale of the auto software provider.

  • DoorDash (NYSE:DASH) stock rose 2.6% after Mizuho upgraded the online food delivery company to ‘buy’ from ‘neutral’, saying its growth should exceed consensus.

  • Dropbox (NASDAQ:DBX) stock fell 1% after William Blair downgraded its stance on the online storage platform to ‘market perform’ from ‘outperform’, citing "lackluster organic revenue growth prospects in 2024."

Midday movers: Arm Holdings, Micron, Clorox and more
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Comments (2)
Derick Lim
Derick Lim Sep 18, 2023 9:33AM ET
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An expected 🐂💩rosy future growth from Micron
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Carl Tom
Carl Tom Sep 18, 2023 9:19AM ET
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shut that pop stand Dw
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