Here are some companies that are seeing big moves in intraday trading. AppLovin — The mobile app marketing service saw its stock rise 5% on bullish Wall Street coverage. BTIG raised AppLovin’s Q1 forecast to above consensus, citing “healthier performance among non-gaming marketers.” The company now expects first-quarter revenue of $1.82 billion, compared to previous expectations of $1.773 billion and AppLovin’s guidance of $1.745 billion to $1.775 billion. Wedbush also reiterated AppLovin’s Outperform rating and emphasized that the company’s generative artificial intelligence advertising suite will be a catalyst going forward. Invesco — The asset manager fell nearly 5% after BlackRock filed with the Securities and Exchange Commission to create a fund to replace Invesco’s high-yield QQQ Trust, an exchange-traded fund that tracks the performance of the Nasdaq 100 index. Encompass Health — The post-acute health care provider soared more than 6% after the Centers for Medicare and Medicaid Services proposed a 2.4% rate hike for the government’s fiscal year 2027 under the Prospective Payment System (PPS) for inpatient rehabilitation facilities (IRFs). Kratos Defense & Security — The defense contractor rose 8% after Jefferies upgraded Kratos from hold to buy and set a 12-month price target of $85. Analysts at Jefferies added that Kratos has a $14 billion “opportunity pipeline” of weapons such as Prometheus and Hypersonics in its government solutions subsidiary, and that the business unit “could drive more than 30%” compound annual growth in its 2028 earnings forecast. Boot Barn — The maker of Western-style apparel, boots and accessories rose nearly 8% after Jefferies upgraded Boot Barn to a hold buy with a 12-month price target of $195. “While valuations have reset significantly (from ~24x to ~16x), execution and underlying demand trends remain intact,” the analysts said. Elbit Systems — The defense contractor’s stock rose nearly 4%. Elbit announced it has won $750 million to supply the Greek military with its PULS rocket artillery system. Lucid Group — The electric vehicle company’s stock price fell more than 5%. Lucid announced late Friday that it delivered 3,093 vehicles in the first quarter, noting that deliveries of its Lucid Gravity SUV were suspended for 29 days due to quality issues with a second-row seat supplier. Soleno Therapeutics — Shares soared 32% after Neurocrine Biosciences announced it had agreed to buy the company for $53 per share in cash, valuing the deal at about $2.9 billion. Neurocrine said Soleno will help expand the company’s drug portfolio and strengthen its position as a leader in endocrinology and rare diseases. Mara, Strategy, Coinbase — Bitcoin prices rose nearly 4% to more than $69,000 in Monday trading, and big-name companies with exposure to the cryptocurrency rose along with it. Digital asset and crypto mining company Mara rose more than 3%, while Bitcoin treasury company Strategy rose 6%. Trading platform Coinbase also rose more than 3%. Dow, LyondellBasell Industries — Stocks fell after Bank of America downgraded both companies from neutral to underperform. The bank said the chemical company’s year-to-date performance had been too strong due to unsustainable tailwinds from the Iran war. The Dow and LyondellBasell fell nearly 3%. Memory Stocks — After the sharp decline that ended last week in memory stocks, one of the best-performing groups in 2026, many stocks continued to rally. SanDisk rose 2% and Micron rose nearly 4%. Western Digital rose more than 4%. Seagate Technology has risen about 6% from the bull market, boosted by Morgan Stanley’s designation as a top priority stock. —CNBC’s Scott Schnipper and Darla Mercado contributed reporting. Markets change and headlines fade, but the fundamental principles of building long-term wealth remain the same. Join us for the third annual CNBC Pro LIVE. Investors from all backgrounds, from financial professionals to individuals, come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you start, you’ll leave with clearer thinking and a stronger strategy. Enter your email address here to get your discount code.
