Sphere, Instacart, Riot, etc.

See which companies are making headlines in midday trading.

Sphere Entertainment — Shares of the media and entertainment company rose 11.1% in midday trading after the U2 show debuted Friday night at the Las Vegas Sphere venue. made by Madison Square Garden EntertainmentSphere is said to be the latest version of an immersive, futuristic concert experience featuring next-generation wraparound screens.

Bitcoin Stocks — Stocks involved in digital currency trading have developed in lockstep with the rise in cryptocurrency prices. especially, riot While it rose 5.9% marathon digital, coinbase and MicroStrategy It ended moderately high.

Explore financial services — The credit card issuer surged nearly 4.9% after disclosing its consent agreement with the Federal Deposit Insurance Corporation in an 8K filing with the Securities and Exchange Commission.

Gold and Silver Miners — Gold and silver miners struggled Monday as metal prices fell. Kur Mining and Hecla Mining Both fell more than 7%. Harmony Gold Mine and gold resources Stock prices both fell more than 5%.

Instacart — Food delivery company Maplebear, which does business as Instacart, fell 9.2% in midday trading. On Monday, The Information reported, citing people familiar with the matter, that the Wall Street bank underwriting Instacart’s initial public offering expected a weak second-half outlook due to slowing sales growth and lower profits. Separately, Gordon Haskett initiated coverage of the company with a Hold rating.

Solar Edge — Shares fell 5.4% after Barclays was downgraded from overweight to equal weight. The company said there would be a price cut next year.

insulate — Shares of the diabetes technology company rose 3.5% after Jefferies upgraded it to a Hold Buy. The Wall Street bank said investors should buy the dip after stocks underperformed in the first half of 2023.

Norfolk Southern — Railroad stocks fell 2.8% after Bank of America downgraded them to neutral from buy. The bank noted that ongoing service issues, including data center outages from Friday through Saturday, “pose an increasing risk to future earnings.”

nvidia — Shares of the artificial intelligence beneficiary soared about 3% on Monday after Goldman Sachs added the semiconductor AI stock to its list of U.S. convictions this month. Goldman said Nvidia “expects to maintain its position as the industry standard for accelerated computing for the foreseeable future.”

meta — The Facebook and Instagram parent company rose 2.2% after Truist reiterated a buy rating on the stock. Truist said Meta will see continued growth through the fourth quarter.

apologize — The iPhone maker rose 1.5% after JPMorgan reaffirmed its overweight rating on Apple. The company said lead times for Apple products have eased.

Amazon — The e-commerce giant added 1.8% after UBS reiterated a buy rating on the stock. UBS is optimistic about advertising opportunities for Amazon’s Prime video content.

— CNBC’s Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox, Sarah Min and Scott Schnipper contributed reporting.