Check out the companies that made headlines during midday trading. Old Dominion Freight Line — Shares of the less-than-truckload freight carrier rose more than 5% after being upgraded to Outperform by BMO Capital. The analyst cited an improving business backdrop as well as opportunities presented by the stock’s more than 40% decline over the past year. DoorDash — The food delivery stock rose 4% after Sequoia’s Alfred Lin bought more than 514,000 shares worth about $100 million. DoorDash stock has risen about 14% over the past year, but the stock has fallen nearly 19% over the past month. Strategy — The Bitcoin agency is already under pressure from falling crypto prices, with its stock plummeting more than 11% after the company lowered its outlook and sold shares for $1.44 billion in reserves to deal with falling Bitcoin values. The company currently holds 650,000 Bitcoins, worth $54.84 billion. In October, Strategy predicted that Bitcoin would trade at around $150,000 by the end of the year. However, the cryptocurrency was last valued at around $84,585. The company’s new forecast predicts the price of Bitcoin to be between $85,000 and $110,000 this year. Cryptocurrency Stocks — Cryptocurrency stocks fell on Monday as Bitcoin and Ether plunged. Bitcoin has fallen more than 7% recently, and Ether has lost 9% of its value. Mara Holdings fell more than 5%. Coinbase fell nearly 6% and Robinhood fell 5%. Bitcoin mining stock Cleanse Park fell about 4%. Walt Disney — The entertainment giant’s stock rose about 2% after “Zootopia 2” performed well at the box office over the Thanksgiving weekend. The film generated $158 million in ticket sales over the five-day weekend. Coupang — The e-commerce company’s stock fell more than 5% after the disclosure of a data breach that affected more than 33 million customers. The breach, which exposed customer names and other personal information, is believed to have begun in June but was only discovered in mid-November. Joby Aviation — Shares of the electric aircraft developer fell nearly 5% after Goldman initiated a short sell on the stock with a price target of $10. The company says it’s well-positioned, but it’s unclear when the industry will gain footing, and analysts question whether the valuation is too high. Synopsys — Synopsys, a developer of design automation models and software, rose about 4% after Nvidia invested $2 billion in Synopsys common stock at $414.79 per share as part of a broader strategic partnership. Leggett & Platt — Shares rose 15% after the furniture parts maker received an unsolicited all-stock takeover offer from Somni Group International worth $12 per share. Somni Group shares rose less than 1% on the news. Wynn Resorts — The hotel and casino chain rose nearly 4% after Goldman Sachs included Wynn on its list of confirmed acquisitions. Goldman said the company has a “best-in-class” Las Vegas operation and that improvements in China’s Macau region could be a “transformative upside factor.” Moderna — The mRNA vaccine maker fell more than 6% after Vinay Prasad, director of the FDA’s Center for Biologics Evaluation and Research, released an internal memo linking Moderna’s coronavirus vaccine to the deaths of 10 children, according to the New York Times. — CNBC’s Liz Napolitano, Fred Imbert and Alex Harring contributed reporting Correction: “Zootopia 2” has tallied $158 million in ticket sales over the five-day weekend. A previous version of this article incorrectly listed sales figures.
