Today's Morning Movers and Top Ratings: AAPL, INTC, TSLA, DIS and More
Morning Movers
Gapping up
$Disney (DIS.US)$ 's stock enjoyed a 1.2% increase after a company spokesperson responded to activist investor Nelson Peltz's criticisms regarding the company's movie casting choices, using it as a reason to argue against his appointment to Disney's board.
$Masimo (MASI.US)$ 's stock surged by 13% on news from the Wall Street Journal that Politan Capital Management is looking to propose two additional members for the company’s board and that Masimo is planning to spin off its consumer division.
Gapping down
$Apple (AAPL.US)$ , $Meta Platforms (META.US)$ , and $Alphabet-A (GOOGL.US)$ stocks all experienced a decline of over 0.5% following the launch of EU antitrust investigations into potential breaches of the Digital Markets Act, which could result in significant fines for the tech giants.
$Intel (INTC.US)$ and $Advanced Micro Devices (AMD.US)$ shares dropped by more than 3.5% after reports emerged that China intends to restrict the use of their chips and servers in government computers, a move that could impact crucial sales.
$Tesla (TSLA.US)$ stock fell by 1.4% as Mizuho Securities downgraded the electric vehicle maker to 'hold' from 'buy', amidst challenges such as sluggish demand and heightened competition in China.
$BioNTech (BNTX.US)$ shares decreased by 0.8% after the U.S. National Institutes of Health issued a notice to the company regarding unpaid royalties and other dues pertaining to its COVID-19 vaccine.
$NOVO NORDISK A/S (NONOF.US)$ 's stock saw a minor dip of 0.1% after the company announced the acquisition of Cardior Pharmaceuticals for a sum exceeding €1 billion, aiming to bolster its cardiovascular drug portfolio.
$United Airlines (UAL.US)$ shares took a hit, dropping 3.3% in the wake of the Federal Aviation Administration's decision to enhance its oversight of the airline following multiple recent safety incidents.
Source: CNBC; Investing.com
US Top Rating Updates on 03/25
Source: Dow Jones
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