Check out some of the companies making the biggest moves this midday: Trucking companies — Freight stocks sold off after Amazon announced it would open its less-than-truck delivery services to companies outside its network, posing a threat to the industry’s incumbents. FedEx Freight Holding and Old Dominion Freight Line both fell 5%. XPO fell 4%. Saia and Arkvest each fell 3%. Amazon itself fell 2%. Super Micro Computers — The AI server maker plunged 18% after it planned to raise $7 billion through the sale of stock and stock-related securities to cover the cost of purchasing hardware components. Chip stocks — Semiconductor companies have been down lately, with Micron Technology down 4%, Advanced Micro Devices down nearly 5% and Broadcom down 5%. Devon Energy — The oil and gas exploration company rose more than 6% after Evercore ISI upgraded Devon to Outperform following the company’s “better-than-expected mid-month update.” Devon management on Tuesday updated investors on its outlook after acquiring Coterra Energy for about $58 billion in early May. Cracker Barrel — The tropical-themed restaurant chain soared 24% after raising its full-year sales and adjusted EBITDA outlook. Cracker Barrel also reported third-quarter earnings of 29 cents per share on revenue of $797.4 million, beating expectations. Analysts polled by FactSet had expected a loss of 48 cents per share on revenue of $776.7 million. Casey’s General Stores — The convenience store and gas station chain soared 14%. Casey’s fourth-quarter results beat expectations, helped by higher fuel margins and higher sales of packaged foods and beverages than last year, FactSet said. EBITDA in fiscal 2027 was expected to increase by 8% to 10%. Gambling stocks — DraftKings rose 5%, Rush Street Interactive rose more than 4%, Flutter Entertainment and SGHC Ltd. rose 3%, and Penn Entertainment rose nearly 3%. According to FactSet, DraftKings executives said at Jefferies’ investor conference that they are confident of significant revenue cannibalization from prediction markets and expect the World Cup to increase engagement and prediction volume in the second half of the year. Robinhood Markets — The financial services trading platform rose 5% after announcing late Tuesday that total platform assets rose 9% in May compared to April and 48% year-over-year. CEO Vlad Tenev wrote in a social media post that Robinhood received regulatory approval to serve as an underwriter for the initial public offering. Oscar Health — The New York-based health insurer added 3% after Barclays upgraded Oscar to Overweight on Wednesday, saying it has “the most direct impact on a potential multi-year rerating, along with a margin recovery cycle as repricing actions take hold.” Cava — This fast-casual restaurant chain has been upgraded at UBS to buy from hold with a “compelling growth story.” The stock price rose 6%. BILL Holdings — The cloud-based software provider fell 4%, hitting a 52-week low. The Trust downgraded BILL’s rating to “hold” and lowered its 12-month price target from $45 to $38. Gold miners — Gold miners fell in parallel with a 2% decline in gold delivery futures contracts in August. AngloGold Ashanti fell nearly 6%, Harmony Gold Mining fell more than 2% and Gold Fields fell more than 4%. Hecla Mining fell 2% and Novagold Resources fell 3%. — CNBC’s Michelle Fox, Lisa Kailai Han and Jordan Nove contributed reporting.
