Here are the stocks making the most move today:
Skechers gained 2.6% following a reiteration of a buy rating by UBS, emphasizing continued global resonance of the brand.
Palantir Technologies saw a near 2% rise in shares post a $250 million contract acquisition with the U.S. Army for AI and machine-learning development through 2026.
PepsiCo shares increased by 2.2% after Q3 earnings beat projections, with an adjusted $2.25 per share on $23.45 billion in revenue.
Solar companies rallied, with SolarEdge and First Solar rising 4.5% and over 5% respectively, while Hannon Armstrong surged 7% on Baird's positive outlook.
Electronic Arts shares grew 3% after a Bank of America upgrade to buy from neutral.
Defense stocks L3Harris Technologies and Northrop Grumman retracted about 1% following a previous rise due to the Israel-Hamas conflict.
Rivian shares increased over 5% post a UBS upgrade to buy from neutral.
Truist Financial shares soared over 6% amidst talks of selling its insurance brokerage business to Stone Point for $10 billion.
Block shares rose 5.5% after a buy reiteration from Bank of America. Akero Therapeutics shares plummeted 67% due to its cirrhosis drug efruxifermin failing a primary benchmark in its Phase 2B study.
Unity Software shares grew 3.2% after announcing CEO John Riccitiello's retirement and James Whitehurst as the interim CEO. Arm Holdings shares rose 2% following bullish calls from Deutsche Bank and JPMorgan.
Lastly, Ameris Bancorp shares rose 2.9% after an upgrade to buy from neutral by D.A. Davidson, which also increased its price target to $44 per share.
