Let’s take a look at some of the companies making big moves in intraday trading. Bank stocks — Bank stocks fell sharply after President Donald Trump called for credit card interest rates to be capped at 10% for one year. Capital One fell 6%, Synchrony Financial fell 8% and Citigroup fell 3%. Bank of America, Wells Fargo and JPMorgan Chase fell nearly 2%. It was initially thought that alternative financing sources would benefit from the move, but buy now, pay later service Affirm reversed course and has since fallen about 5%. Duolingo — The language education app is down about 7% after CFO Matt Skaruppa resigned on Feb. 23. Duolingo also said daily active users rose about 30% year-over-year in the fourth quarter, slightly higher than FactSet consensus estimates indicated. Lithium Inventories — Lithium producers rose after Scotiabank upgraded the miner to outperform and said it expects further upside. Albemarle and Lithium Argentina were both upgraded to above-sector performers, with their shares up about 5% and 8%, respectively. Sociedad Quimica y Minera de Chile’s ADR rose nearly 5%, Atlas Lithium rose 4%, while Lithium Americas soared 9%. Teen apparel retailers Abercrombie & Fitch, Urban Outfitters and American Eagle all fell after the companies pre-released their holiday results. Abercrombie fell nearly 17% after cutting its fourth-quarter outlook, while Urban Outfitters fell 10% despite a 9% year-over-year increase in net sales for the two months ended Dec. 31. American Eagle fell nearly 7% after comparable sales rose in the low single digits for the fourth quarter to date through Jan. 3. Victoria’s Secret, Gap, and Macy’s all sympathized. Dexcom — Shares of the blood sugar monitor maker rose more than 5% after it pre-released its fourth-quarter earnings and released a 2026 forecast that predicts revenue growth of 11% to 13%. Dexcom expects fourth-quarter sales of approximately $1.26 billion, with 2025 totals of approximately $4.66 billion. The company expects 2026 sales to increase from $5.16 billion to $5.25 billion. Beam Therapeutics — Shares soared 28%. The biotechnology company said it has reached an agreement with the U.S. Food and Drug Administration that could put it on track to accelerate approval of its major genetic disease program and liver-targeted therapy, BEAM-302. Vistra — The company’s stock price rose more than 5% after the company set up a private placement of five-year and 10-year senior secured notes to finance its acquisition of Cogentrix Energy. BMO Capital reiterated that the stock is outperforming, but raised its price target to $244 per share from $230. Avivax — The French vaccine and antiviral drug maker soared 5% after rising as high as 13% at one point after French media reported that Eli Lilly may be interested in acquiring Avivax for a deal valued at $17.5 billion and is awaiting regulatory assurances from the French government. Lilly rose 1%. Walmart — Walmart shares rose more than 3% to a new intraday high after Nasdaq announced the retail giant will be added to the Nasdaq 100 index later this month. The stock could see further demand after the popular Invesco QQQ Trust ETF joins the index it tracks. ExxonMobil — The energy giant fell about 1% after President Trump threatened to cut Exxon out of the Venezuelan oil market because he did not like the company’s response to calls for the company to return to the country. “They’re playing too cute,” the president said. Akamai Technologies — The cloud and cybersecurity stock rose nearly 6% after Morgan Stanley upgraded it twice from underweight to overweight. “We expect growth to improve further on the back of a moderating decline in deliveries, steady growth in security and accelerating growth in computing,” the bank’s analysts said. Sun Country Airlines — Shares rose more than 12% after the low-cost airline agreed to be acquired by Allegiant Travel for $18.89 per share in cash and stock. The transaction is expected to close in the second half of this year and values Sun Country at approximately $1.5 billion, including debt. —CNBC’s Scott Schnipper and Darla Mercado contributed to this report.
