Check out some of the companies making the biggest moves at noon: Kyndryl Holdings — The IT infrastructure services provider spun out of IBM fell 55% after Kyndryl disclosed in a regulatory filing that its audit committee was reviewing the company’s cash management practices. The company also reported that CFO David Wishner and general counsel Edward Sebold have resigned with immediate effect. Kyndryl also reported third quarter results. Nexstar Media Group, Tegna — Television and digital media provider Nexstar soared 12% after President Donald Trump reversed his previous position in a social media post Saturday and said he now supports a merger of the two companies, while Tegna rose 8%. Oracle — Shares rose 9% as the enterprise software development company was upgraded from neutral to buy at DA Davidson. “We believe a revamped OpenAI can return to its position as Google’s top challenger and accumulate fresh capital to meet its obligations this year, including its obligation to Oracle,” DA Davidson analysts said in a note to clients. CLEVELAND-CLIFFS — Shares of the steel maker plunged 19% after it posted a bigger-than-expected adjusted loss of $21 million before interest, taxes, depreciation and amortization. Results were hurt by weak auto and Canadian markets, but the company said it expects to improve in 2026 as trade challenges ease and costs fall. Workday — The software company fell more than 6% after announcing that Workday co-founder Aneel Bhusri will replace CEO Carl Eschenbach effective immediately. Mr. Boursi has previously served as CEO and co-CEO of Workday multiple times. The company’s stock price has fallen nearly 45% over the past year. STMicroelectronics — The European semiconductor maker rose nearly 9% after announcing an expanded multibillion-dollar partnership with Amazon Web Services to support cloud and AI data center infrastructure. Kroger — Shares rose 6% after the grocery chain named former Walmart executive Greg Foran as its next CEO. As head of Walmart’s U.S. operations, Foran oversaw the division’s turnaround. AppLovin — The mobile marketing platform soared 13% after CapitalWatch issued an apology and correction on money laundering charges in January. Last month, AppLovin asked short seller Capital Watch to retract its 35-page report. Novo Nordisk , Hims & Hers Health — Novo Nordisk rose 3% after Hims & Hers pulled a counterfeit weight loss drug from the market after Novo threatened to file a lawsuit against the telemedicine company. Hims & Hers’ stock price fell 24%. Robinhood — Trading platform rose 5% after upgrading to buy from Wolf Research. The company pointed to Robinhood’s attractive risk-reward profile despite the recent sell-off in cryptocurrency stocks. Semiconductor Stocks — Stocks across the semiconductor industry fell following South Korean media reports that Samsung will begin producing next-generation high-bandwidth memory chips as early as this month. Micron Technology fell 2%, while Broadcom and Advanced Micro Devices rose 3%. Valaris — Shares of the offshore drilling services company soared 28% after it agreed to be acquired by Transocean for $5.8 billion. Valaris shareholders will receive 15.235 Transocean shares for each Valaris share they own. Transocean rose nearly 2%. Waters Inc. — Shares of the laboratory equipment maker fell 11% after the company warned that first-quarter profits would fall below Wall Street expectations. Waters expects first-quarter earnings to be in the range of $2.25 to $2.35 per share, compared with the expected earnings of $3.03 per share among analysts surveyed by FactSet. However, full-year earnings are expected to range from $14.30 to $14.50 per share, compared to the average estimate of $14.29. Monday.com — Stocks fell 22% to a 52-week low. Amid concerns about artificial intelligence disrupting software business models, project management platforms have issued weak guidance. Monday.com expects full-year sales to be between $1.452 billion and $1.462 billion. Analysts polled by FactSet had expected sales of $1.48 billion. Dynatrace — Shares of the software maker rose 7.5% after better-than-expected third-quarter results. Dynatrace’s revenue was $515 million, or 44 cents per adjusted share. Analysts had expected earnings of 41 cents a share and revenue of $505.8 million. ENERGY EXPANSION — Shares of the natural gas company fell more than 5% after the company announced CEO Domenic DeRosso would step down and move its headquarters from Oklahoma City to Houston. Delrosso will be replaced on an interim basis by Chairman Michael Wichterich. —CNBC’s Michelle Fox, Sarah Ming, Davis Giangiulio, Liz Napolitano and Christina Cheddar Burke contributed to this report.
