Check out some of the companies making the biggest moves during the day: Booz Allen Hamilton — The consulting firm fell more than 5% after the Treasury Department announced it was terminating all contracts with the company. Employees of the company leaked the tax records of President Donald Trump and billionaires Jeff Bezos and Elon Musk to the media. The Treasury Department announced that it has 31 separate contracts with Booz Allen Hamilton with total annual expenditures of $4.8 million and total obligations of $21 million. GameStop — Michael Burry, the investor who became famous for betting on the U.S. housing market ahead of the financial crisis, said he has bought shares in the former meme darling, pushing the video game retailer’s stock price up nearly 7%. In a post on Substack, Barry said he is not relying on a short squeeze to “realize long-term value.” U.S. Rare Earths — This rare earths mining company rose 15% after the Trump administration took a stake. The company will issue 16.1 million shares of common stock and 17.6 million shares of stock acquisition rights. Sarepta Therapeutics — The biotech stock soared 10% after Elevidys’ three-year study showed “clinically meaningful and durable efficacy across all key measures of motor function.” All patients with Duchenne muscular dystrophy were able to walk, but the control group showed the expected decline in function. Bank of Hawaii — The Honolulu-based regional bank posted fourth-quarter earnings of $1.39 per share, beating the FactSet consensus estimate of $1.26 and rising nearly 3%. Bank of Hawaii’s net interest income was $145.4 million, also exceeding analysts’ expectations of $141.9 million. CVR Energy — The Texas-based refiner and distributor fell 8% after reporting preliminary fourth-quarter adjusted EBITDA of $78 million to $102 million, compared to analyst consensus of $96.5 million, according to FactSet data. Allied Gold — The gold miner rose more than 4% after agreeing to be acquired by Hong Kong-based Zijin Gold for C$5.5 billion (US$4 billion) in cash. The deal is expected to be completed by late April. NEWMONT — Stocks rose more than 3% as gold prices hit new records. Precious metal prices on Monday exceeded $5,100 for the first time. Hecla Mining — Shares rose more than 5.5% after the company announced it would produce 17 million ounces of silver in 2025, at the high end of its guidance. Gold production beat guidance. AppLovin — This mobile advertising company is up more than 3% after upgrading from Needham. The company changed AppLovin’s rating from Hold to Buy. Needham’s $700 price target suggests a 25% upside from Friday’s closing price. Cisco Systems — This networking equipment maker gained more than 2% on its upgrade from Evercore ISI. The investment bank raised its rating from inline to outperform and raised its price target from $80 to $100. Evercore said Cisco has “significant tailwinds” that allow it to maintain high-single-digit revenue and low-teens earnings per share growth on a multi-year basis. Revolution Medicines — The biotech company fell more than 16% after the Wall Street Journal reported that Merck had ended acquisition talks. The two companies were unable to agree on a deal price that was originally supposed to value Revolution at $30 billion, the report said, citing anonymous people familiar with the negotiations. Merck fell 0.5%. IonQ , SkyWater Technology — The quantum computing company fell 3% after agreeing to acquire SkyWater Technology for about $1.8 billion. The transaction is expected to close in the second or third quarter of 2026. IonQ added that it expects sales in 2025 to be at the high end of previous guidance. Skywater Technology rose 6%. CoreWeave, Nvidia — The AI cloud stock rose 9% after Nvidia agreed to invest an additional $2 billion in the company and expand its partnership. The companies said in a release that the investment will help accelerate “the construction of more than 5 gigawatts of AI factories by 2030 to advance AI adoption globally.” Nvidia fell 0.6%. LANDS’ END — The outdoor apparel retailer soared 40% after forming a joint venture with WHP Global. Lands’ End will contribute its intellectual property and other brand assets to the joint venture, while WHP Global will pay the company $300 million in cash and acquire a 50% controlling interest. Baker Hughes — The oilfield services company rose 3% after fourth-quarter results beat Wall Street expectations. Adjusted earnings were 78 cents per share on revenue of $7.39 billion, compared with the FactSet consensus call of 67 cents per share on revenue of $7.07 billion. Baker Hughes also expects 2026 revenue to be between $26.2 billion and $28.3 billion, compared to the consensus estimate of $27.86 billion. — CNBC’s Darla Mercado, Yun Li, Fred Imbert, Christina Cheddarburk, Michelle Fox, Sarah Ming and Davis Giangiulio contributed reporting.
