Check out the companies that made the biggest moves midday: TreeHouse Foods — The food processor rose 23% after announcing it would be acquired by European investment group Investindustrial for $22.50 per share in cash. This represents an 18% premium to Friday’s closing price. The deal would value the treehouse at nearly $3 billion. Tech stocks — Stocks related to artificial intelligence trading soared on news that the U.S. government shutdown could be lifted, contributing to investors’ risk-on attitude. Nvidia rose nearly 3.5%, AMD about 3.8% and Broadcom 1.7%. The Magnificent Seven stocks are rising, with Alphabet and Tesla leading the way. Six Flags Entertainment — The amusement park operator fell 7% after being downgraded from overweight to equal weight by Morgan Stanley. The bank cited headwinds including lower-than-expected pricing power, a relatively narrow operating footprint, and softening consumer demand for low-income households. Coinbase — Cryptocurrency exchange rose 3% after upgrading to buy on Monness Crespi Hardt. “We believe the downside is likely to be proportionate to the upside here, barring a full winter,” the research firm said. Penn Entertainment — The regional casino operator rose more than 8% after CEO Jay Snowden announced the purchase of more than 34,000 shares of stock. MP Materials — The rare earth miner rose 3% after Deutsche Bank upgraded its rating from hold to buy. The bank highlighted MP as a buying opportunity for investors looking for exposure to rare earths. Palantir — The defense technology stock’s stock soared 3%. Shares fell more than 11% last week amid selling in artificial intelligence-focused stocks. Metsala — The obesity drug developer fell 15% after Pfizer won a takeover battle over rival Novo Nordisk. Pfizer agreed to pay $86.25 a share for Metzala, a nearly 4% premium to Friday’s closing price. Rumble — Shares of the video-sharing platform soared 10% after the company announced a deal to acquire German AI company Northern Data for about $767 million, while also securing a $100 million advertising deal from Tether. Viasat — Shares rose 5% as the telecommunications company reported narrowing losses in its latest quarter due to strong performance in its communications services division. Raymond James also raised its stock price following the results. Diageo — The spirits giant has announced the hiring of former Tesco chief executive Dave Lewis as its new CEO in a bid to revive growth. The news sent the stock price up 5%. Lewis, who will join Diageo in 2026, is best known for his cost-cutting and innovative marketing. —CNBC’s Alex Harring, Lisa Kailai Han, Pia Singh and Michelle Fox contributed reporting.
