Check out some of the companies that made the biggest moves in intraday trading. Defense Strategies — The iShares U.S. Aerospace and Defense ETF (ITA) rose nearly 1% to a new all-time high. The move comes amid heightened geopolitical tensions, including the U.S. seizure of a Russian-flagged oil tanker linked to Venezuela. AAR rose more than 4% and L3Harris rose nearly 2%. Kalman Holdings rose 2%. Western Digital, Seagate — After big gains in the previous session, data storage trading fell as investors cashed in some of their chips. Western Digital soared nearly 17% on Tuesday, but fell more than 9% the next day. Seagate, which had just soared 14%, was down about 8% in Wednesday trading. SanDisk rose nearly 28% on Tuesday, but fell more than 1% the next day. Amgen — The maker of anti-cholesterol drug Repatha rose more than 3% for a second straight day of gains after acquiring Dark Blue Therapeutics, a private British biotech specializing in small molecule targeted proteolytic agents for oncology, for $840 million. Deckers Outdoors — Deckers, the maker of UGG boots and Hoka sneakers, fell more than 3% on Wednesday following downgrades by analysts Robert W. Baird and Piper Sandler. First Solar — The solar panel maker fell nearly 10% after Jefferies downgraded the company’s stock from buy to hold, citing questionable strategic decisions and limited booking visibility. The bank also lowered its price target to $260 from $269, suggesting a 3% downside. Ventyx Biosciences — The drug stock soared 38% after the Wall Street Journal reported that Eli Lilly was in talks to buy the company for about $1 billion. Citing sources, the newspaper reported that a deal could be reached as early as Wednesday. GameStop — Shares rose 4% after the company announced a compensation package for CEO Ryan Cohen that includes a goal to grow the video game retailer to $100 billion. Strategy — Bitcoin treasury companies rose more than 3% after MSCI reversed plans to remove digital asset treasury companies from the MSCI index. ALBEMARLE — Lithium shares rose more than 3% after Baird Corp. was upgraded to outperform. Baird also raised the company’s price target from $113 to $210 per share, citing rising lithium prices and strong demand for resources from stationary storage. —CNBC’s Yun Li, Itzel Franco, Scott Schnipper, Nick Wells and Gina Francola contributed reporting.
