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Apple, DraftKings, Biogen, Williams-Sonoma, etc.

A Biogen facility in Cambridge, Massachusetts.

Brian Snyder | Reuters

Check out the companies making the biggest moves at noon.

apple — Apple shares plunge 3.89% after reports that iPhone production could be hit hard by unrest at Foxconn factories in China amid protests in China over China’s zero Covid policy Did. Analysts also expressed concern about recent manufacturing disruptions ahead of the holiday season.

Taboola — The ad firm’s stock surged 43.48% after Taboola announced that Yahoo had acquired a 25% stake in the company as part of a 30-year deal. Under the deal, Taboola will power native advertising across all Yahoo platforms.

Wynn Resorts, Melco Resorts — Shares of casino operators Wynn Resorts and Melco Resorts rose 4.36% and 9.86% respectively after the Chinese government granted interim licenses to continue operating in Macau. Las Vegas Sands When MGM Resorts It also acquired a license, with the former up 1.11% and the latter down 2.27%.

draft kings — The stock has since fallen 4.23% JP Morgan Downgrades DraftKings The company’s competitors say they are likely to achieve profitability in online sports betting.

biogen — Biogen shares fell 4.34% after Science.org reported that a woman participating in an experimental Alzheimer’s disease treatment trial sponsored by Biogen and a Japanese pharmaceutical company had recently died of a brain hemorrhage.

Tyson Foods, Beyond Meat — Tyson Foods shares fell 2.67% and Beyond Meat shares fell 2.44%. Barclays downgraded both companies to underweight, saying the worst was yet to come for protein companies.

anheuser busch inbev — Shares of the beer giant rose 2.79%. double upgrade From JP Morgan.Analyst Jared Dinges said Anheuser-Busch InBev will benefit from a rebound in demand for light beer domestically and a decline in demand for hard seltzer in the United States.

first solar — PV inventories fell by 3.39%. downgraded to neutral From JP Morgan. The bank said after the enactment of the anti-inflation law, the stock will take a breather after rising more than 150%.

Twilio — Twilio fell 3.69% after its share price fell. Downgraded by Jeffries Retain from purchase. The company sees “continuing headwinds” for the communications tools and messaging company.

Aptive — Shares fell 3.63% after Morgan Stanley Downgraded Aptiv Automotive technology suppliers said in a memo that they could be hit by a slower rollout of electric vehicles.

Williams Sonoma — The stock has since fallen 4.84% Morgan Stanley Downgrade We are underweight home furnishings as we expect demand to weaken in a challenging macro environment and stocks to fall further.

live nation entertainment — Live Nation shares rose 0.34% after being upgraded from neutral to buy by Citi.

Pindudu — Pinduoduo shares surged 12.62% after the e-commerce platform released third-quarter results that beat analyst expectations. “We continued to deepen value creation in the third quarter,” said CEO Lei Chen. “We will increase investment in research and development to further enhance supply chain efficiency and digital inclusion in agriculture.”

Energy stocks — Energy stocks fall on oil prices fell to near the low of the year Concerns about Chinese demand.shares of exxon mobil lose 3%, ConocoPhillips fell 2.34%, chevron down 2.91%, Occidental Petroleum Hut 2.92%

— CNBC’s Carmen Reinicke, Samantha Subin, Tanaya Macheel, and Sarah Min contributed to the report.

https://www.cnbc.com/2022/11/28/stocks-making-the-biggest-moves-midday-apple-draftkings-biogen-williams-sonoma-and-more.html Apple, DraftKings, Biogen, Williams-Sonoma, etc.

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