Check out the companies making the biggest moves in intraday trading. Logistics companies — Stocks of logistics companies came under pressure after Amazon announced it would launch its own freight, distribution, fulfillment and package delivery business, Amazon Supply Chain Services. GXO Logistics fell 11%, UPS fell about 10% and FedEx and CH Robinson each fell 9%. Amazon stock rose 1%. Berkshire Hathaway — Both classes of Berkshire shares rose nearly 1% after CEO Greg Abel reassured investors with solid business results at Saturday’s annual shareholder meeting. Abel and the company’s key leaders discussed recent accomplishments and considered future opportunities. Abel also said he has no intention of breaking up the conglomerate. GlobalFoundaries — Shares rose 4% after Cantor Fitzgeraold put the stock overweight on expectations for long-term earnings acceleration. Analysts see the company on track to reach $4.50 to $5.50 per share by 2030, supported by margin expansion, higher utilization rates, and exposure to higher-value markets such as silicon photonics, satellite communications, automotive, and physical AI. Kantar raised its price target to $80 from $50. Global Business Travel Group — Investment firm Long Lake announced it will acquire corporate travel company Global Business Travel Group, also known as American Express Global Business Travel, for $6.3 billion. Long Lake said this is a bet on how AI will reshape the travel industry. Global business stocks soared 57%. Cercuity — Shares of the clinical-stage biotechnology company soared nearly 18% after positive results from a Phase 3 trial of gedatlisib in combination with hormone-blocking therapy for advanced breast cancer. The company said the drug demonstrated a statistically significant and clinically meaningful improvement in progression-free survival for patients enrolled in the trial. Norwegian Cruise Line — The cruise line fell 8% after slashing its second-quarter and full-year forecasts, citing higher fuel prices due to the U.S.-Iran war as a new forecast. In the first quarter, the company had revenue of $2.33 billion and earned 23 cents per share excluding items, compared with consensus estimates of 14 cents and $2.36 billion, respectively, according to FactSet. The stock price has fallen 22% since the beginning of the year. eBay — Shares in the online marketplace rose nearly 7% after GameStop made an unsolicited, non-binding offer to buy eBay for about $55.5 billion on Sunday. GameStop CEO Ryan Cohen said the merger would be a way to create a stronger competitor to Amazon. GameStop fell 6%. Axum Therapeutics — Shares rose about 10% on top of Friday’s gains after the company received approval from the FDA to use Overity to treat agitation in Alzheimer’s disease. The company on Monday reported a better-than-expected first-quarter loss of $1.26 per share. Revenues were in line with expectations at $191 million. Cryptocurrency Stocks – Cryptocurrency platforms rose after Sens. Thom Tillis (R.N.C.) and Angela Alsobrooks (D-Md.) reached bipartisan agreement over the weekend on key language in a virtual currency market structure bill known as the “CLARITY Act.” Coinbase rose 7%, Circle soared 16%, and BitGo rose 11%. Gemini Space Station, the biggest loser as both a stablecoin issuer and retail platform, rose nearly 4%. Bitcoin topped $80,000 over the weekend for the first time since January and was last trading above that milestone. Tyson Foods — The Jimmy Dean pork and Hillshire Farms chicken maker rose about 3% after reporting better-than-expected fiscal second-quarter results. Mr. Tyson’s adjusted earnings per share were 87 cents on $13.65 billion, compared with expectations of 78 cents on $13.63 billion, according to analysts surveyed by FactSet. Advanced Micro Devices — The chipmaker, which received a downgrade from HSBC on Friday, fell nearly 5%. The bank changed its rating from “buy” to “hold” due to concerns that semiconductor production capacity will tighten in 2026, limiting the company’s upside. —CNBC’s Nick Wells and Tanaya Macheel contributed reporting
