Stocks making the biggest moves midday: JCI, TRU, SOFI, AIG
Check out the companies making headlines in midday trading. Credit score stocks — Shares of credit score providers were trading lower after Federal Housing Finance Agency Director Bill Pulte criticized the companies’ pricing in a post on X. Shares of TransUnion lost 4%, and Equifax fell more than 5%. Fair Isaac stock slipped nearly 4%. Cooling equipment makers — Shares of Trane Technologies , Johnson Controls and Modine Manufacturing all fell in trading on Tuesday as Nvidia CEO Jensen Huang noted that its six-chip Vera Rubin platform is more energy efficient than its Blackwell chip and “no water chillers are necessary for data centers” using them. Trane shares were down 4%, Johnson Controls fell almost 8% and Modine fell 10%. SoFi — The fintech stock tumbled almost 10% after Bank of America resumed coverage of the company at an underperform rating and suggested there was more downside ahead. Other fintech stocks, including LendingClub , Upstart Holdings and Chime Financial , were also lower. Shake Shack – Shares of the burger chain gained more than 6% after Deutsche Bank upgraded the stock to buy from hold . The firm, which trimmed its price target to $105 from $115, said Shake Shack should be one of the biggest beneficiaries of tourism for the World Cup in the third quarter. Data storage plays – Shares of companies specializing in data storage popped. Sandisk surged 24%, while Western Digital gained about 15%. Seagate Technology advanced 12%. Nvidia — The chip stock rose 0.7% after Nvidia unveiled new autonomous vehicle software at CES , the global tech conference. Microchip Technology — The stock advanced more than 10% after Microchip Technology issued fiscal third-quarter revenue guidance of about $1.185 billion, higher than prior forecast of $1.109 billion to $1.149 billion. OneStream — Shares surged 28% after Bloomberg News , citing people familiar, reported that buyout firm Hg is in advanced talks to acquire the financial software maker. Veeva Systems — The provider of cloud services for the life sciences industry gained 6% after Veeva’s board approved a share repurchase program with authorization to purchase up to $2 billion in Class A common stock. American International Group — The global insurer fell about 8% after announcing CEO Peter Zaffino will step down by mid-year and move into the role of executive chair of the board. Zaffino will be replaced by former Aon president Eric Andersen, effective Feb. 16. — CNBC’s Scott Schnipper, Darla Mercado, Michelle Fox and Nick Wells contributed reporting.
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