Midday movers: Arm Holdings, Micron, Clorox and more
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."
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