Check out some of the stocks that made the biggest moves in midday trading. Molina Healthcare – Shares rose about 4%. In a post on Substack, Big Short investor Michael Varley suggested the health insurance company could be a potential takeover candidate. He compared it to Warren Buffett’s investment in Geico. Intel – The chip company rose more than 3%. A day earlier, Nvidia said in a regulatory filing that it had bought $5 billion worth of Intel stock, completing a deal the AI chip giant announced in September. Nvidia stock was little changed at midday. OceanFirst Financial Group – Shares of the regional bank fell 6%. The company recently announced that it will merge with Flushing Financial Corporation in an all-stock merger valued at $579 million. Flushing’s stock price fell more than 8%. AXT – The semiconductor component maker’s stock has rebounded 10%. AXT fell 5% on Monday after announcing it would issue more than 7 million shares of common stock in an initial public offering valued at about $87 million. NEWMONT — Mining stocks rose 1.9% as silver and other precious metals rebounded from Monday’s pullback. Silver futures rose more than 7% on Tuesday, with the Global X Silver Miners ETF (SIL) up 1.7%. Meta Platforms — The tech giant has acquired Manus, a Singapore-based startup that specializes in developing general-purpose AI agents. Terms of the deal were not disclosed. Shares of Facebook’s parent company recently rose 1%. Boeing — The aerospace giant rose nearly 2% after the U.S. Air Force awarded an $8.58 billion contract to build fighter jets for the Israeli military. — CNBC’s Sarah Ming and Fred Imbert contributed reporting.
