Check out the companies that are trending in intraday trading. AeroVironment — The drone maker’s stock rose 9% after AeroVironment announced it was still negotiating with the U.S. Space Force for the SCAR program contract. Negotiations had been suspended in order to amend terms to shorten delivery times. The company said it is working to expand its Albuquerque, New Mexico, facility to support the growth of its space and directed energy platforms. Pinterest — Activist Elliott Management will invest $1 billion in Pinterest to accelerate the company’s stock buyback program. The news sent the social media company’s stock price up more than 7%. Ziff Davis — Shares rose 74% to a 52-week high after the internet company announced it agreed to sell its connectivity division to Accenture for $1.2 billion. The companies expect to close the all-cash transaction in the coming months, according to the release. “This is a transformational transaction for Ziff Davis, an important realization of value for our shareholders and a tangible example of the quality of businesses in our portfolio,” said Vivek Shah, CEO of Ziff Davis. AutoZone — The auto parts retailer fell more than 5% after disappointing second-quarter results. The company blamed the poor performance on business interruptions caused by winter storms and price pressure from tariffs. NRG Energy — The independent power company fell about 8% as selling shareholder LS Power sold 14.3 million shares at $164 per share. NRG did not receive any proceeds from the sale. Kontoor Brands — The parent company of Helly Hansen and Wrangler soared nearly 15% after fourth-quarter earnings and sales beat expectations. Kontoor’s full-year outlook also exceeded expectations. The company expects adjusted earnings to be between $6.40 and $6.50 per share this year. Analysts had expected $5.96 per share. Surgery Partners — Shares plunged nearly 17% to a 52-week low after the company issued a weak outlook for 2026. Surgery Partners expected full-year revenue to be in the range of $3.35 billion to $3.45 billion, missing the FactSet consensus call of $3.55 billion. Adjusted profit for the fourth quarter was also below the standard. Cigna — Shares of the health insurance company fell 5% after the company announced that longtime CEO David Cordani would step down on July 1. Cigna stock rose nearly 700% during the executive’s tenure, outperforming the S&P 500 index. Mr. Cordani will be succeeded by Brian Evancho, who currently serves as president and chief operating officer. Ingram Micro — The technology products distributor soared 18% after fourth-quarter earnings and sales beat Wall Street analysts’ expectations, along with a 2.5% dividend increase and $100 million share buyback authorization, according to FactSet data. MongoDB — This software development company plummeted about 22%. MongoDB said it expects first-quarter adjusted earnings per share of $1.15 to $1.19 and revenue of $659 million to $664 million. Analyst estimates compiled by LSEG were for first-quarter earnings of $1.21 per share and revenue of $662 million. Target — The big retailer rose about 5% after its fourth-quarter profit beat expectations. Target’s adjusted earnings per share were $2.44, beating the $2.16 expected by analysts surveyed by LSEG. Revenue was $30.45 billion, slightly below consensus. Best Buy — The electronics retailer rose 5% after Best Buy posted adjusted earnings per share of $2.61 in the fourth quarter. This beat the $2.47 earnings per share expected by analysts surveyed by LSEG. Revenue was $13.81 billion, below the consensus estimate of $13.88 billion. HOLD — The Swiss sneaker maker fell more than 10% after its 2026 guidance disappointed investors. On Holding expects net sales to increase by at least 23% on a constant currency basis, which would mean sales of at least CHF 3.44 billion at spot rates. This falls short of the consensus estimate of CHF3.7 billion. However, the company reported record sales and improved profitability in 2025, with fourth-quarter net sales exceeding expectations. Plug Power — Hydrogen and fuel cell developer Plug Power soared more than 15% after reporting strong fourth-quarter sales. Plug Power posted an adjusted loss of 6 cents per share in the period, more than the 10 cents per share loss expected by analysts surveyed by LSEG. The company’s sales were $225 million, exceeding expectations of $218 million. Credo Technology — Shares fell more than 18% as fourth-quarter non-GAAP gross margin estimates ranged from 64% to 66% versus LSEG’s consensus estimate of 65.1%. Credo, a provider of Ethernet connectivity solutions, reported third-quarter profit and revenue that beat analysts’ expectations. Tidewater – Shares rose 7% after Tidewater, which provides offshore service vessels to the energy industry, raised its full-year outlook. The company expects sales to be in the range of $1.43 billion to $1.48 billion, taking into account the acquisition of Wilson Sands UltraTug Offshore. This is up from the previous range of $1.32 billion to $1.37 billion. The outlook also beat the FactSet consensus call of $1.36 billion. Archer Aviation – developer of electric vertical take-off and landing aircraft, whose stock price fell more than 12%. Archer expects first-quarter adjusted loss before interest, taxes, depreciation and amortization to be between $160 million and $180 million. This is larger than the FactSet consensus estimate of a loss of $112.1 million. — CNBC’s Sarah Ming, Michelle Fox, Darla Mercado, Scott Schnipper, Itzel Franco and Pia Singh contributed reporting.
