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Midday movers: Arm Holdings, Planet Fitness, Ford Motor and more

AuthorLiz MoyerStock Markets
Published Sep 15, 2023 07:35AM ET Updated Sep 15, 2023 12:22PM ET
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Investing.com -- U.S. are falling on Friday as investors turn their focus to next week’s Federal Reserve meeting.

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

  • Arm Holdings (NASDAQ:ARM) stock rose 2.2% with the British chip designer set to continue to gain after its positive debut on Thursday, in demand after a strongly oversubscribed initial public offering, pushing its valuation above $72 billion.

  • Planet Fitness Inc (NYSE:PLNT) shares tumbled 13% after the gym operator announced CEO Chris Rondeau would depart and it had engaged an executive search firm to find a successor.

  • Ford (NYSE:F) stock ticked higher 0.4% and General Motors (NYSE:GM) shares rose 1.2% after the United Auto Workers union went on strike at their factories, marking the most ambitious U.S. industrial labor action in decades.

  • Goldman Sachs (NYSE:GS) stock rose 0.1% after the WSJ reported that the investment bank plans to launch a sports franchise unit to offer stakes in sports teams to high net worth clients.

  • Adobe (NASDAQ:ADBE) stock fell 4.2% after the computer software maker offered up a tepid sales outlook despite growing AI optimism.

  • AB Inbev (NYSE:BUD) ADRs rose 0.5% after TD Cowen initiated coverage of the Bud Light owner with an ‘outperform’ rating, saying the world's largest brewer has a dominant position in Middle and South America and trends in the U.S. are stabilizing.

  • Nucor (NYSE:NUE) stock fell 4.5% after the largest U.S. steelmaker forecast a drop in earnings in this year’s third quarter, citing lower pricing.

  • KeyCorp (NYSE:KEY) stock rose 0.6% after Piper Sandler upgraded its stance on the regional lender to ‘overweight’ from ‘neutral’.

--Peter Nurse contributed to this report

 

Midday movers: Arm Holdings, Planet Fitness, Ford Motor and more
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Comments (3)
me ish
me ish Sep 15, 2023 8:54AM ET
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the reality of the AI mega hype bubble is about to hit home
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Mitchel Pioneer
Mitchel Pioneer Sep 15, 2023 8:29AM ET
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Welcome to Friday FRAUD.  Raging inflation, UAW strike, consumers with record debt, mortgage rates headed to 8%, yet the US Ponzi Scheme remains true to form, preparing to send America into another weekend with a financial knife in the back.  Can't risk their record breaking crime spree, can we?
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me ish
me ish Sep 15, 2023 8:29AM ET
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all the insiders are selling out - the rug pull is coming soon enough
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Derick Lim
Derick Lim Sep 15, 2023 7:57AM ET
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Upgrading money losing lower than last year earnings forecast Goldman Sachs?.....
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