These Stocks Are Moving the Most Today: Apple, Dell, UnitedHealth, Nebius, Wolfspeed, Tourmaline Bio, Albemarle, and More -- Barrons.com

Dow Jones
09/09

By Joe Woelfel and Callum Keown

Stocks were mixed Tuesday after data released Tuesday by the Bureau of Labor Statistics revealed U.S. jobs growth for the year through March was significantly lower than the government previously had reported.

These stocks were moving Tuesday:

Apple was down 0.7% with the tech giant expected Tuesday to unveil four new iPhones at its annual launch gathering, what the company is referring to as its " Awe Dropping" event. One phone that Apple watchers anticipate the company will launch is the iPhone 17 Air, which likely will be thinner and lighter than its base iPhone models. Coming into Tuesday, Apple shares have fallen 5% this year.

Dell Technologies fell 2.8% after the maker of computers and artificial-intelligence servers said Chief Financial Officer Yvonne McGill would be resigning after 30 years with the company. Dell said McGill's resignation wasn't the "result of any disagreements with the company on any matter relating to its financial statements, internal control over financial reporting, operations, policies or practices." David Kennedy, senior vice president of global business operations and finance, will serve as interim financial chief. Dell also reaffirmed third-quarter and fiscal-year guidance.

UnitedHealth rose 3.9% after the managed-care giant issued a securities filing that said preliminary data for the 2027 payment year from the Centers for Medicare and Medicaid Services, which manages the Medicare Advantage program, said 78% of UnitedHealth's Medicare Advantage members will be in plans with quality ratings of four stars or higher, on a five-star scale.

Nebius jumped 35% after the Amsterdam-based company secured a $19.4 billion deal to provide Microsoft with artificial-intelligence infrastructure through 2031.

Wolfspeed surged 41% to $1.73 after the chip supplier received court approval for its restructuring plan. The company said it expects to emerge from Chapter 11 protection "in the next several weeks."

Teck Resources rose 13% after the Canadian miner agreed to a " merger of equals" with rival Anglo American. The deal creates one of the largest copper miners in the world, with a combined market value of about $53 billion. London-listed miner Anglo American gained 8.9%.

Tourmaline Bio soared 58% to $47.69 after Novartis reached a deal to acquire the clinical biotechnology company for about $1.4 billion. Novartis will pay $48 a share in cash for Tourmaline.

Core & Main dropped 24% after the water, wastewater and drainage-supply distributor posted second-quarter adjusted earnings that beat analysts' estimates but reduced its fiscal-year adjusted guidance on earnings before interest, taxes, depreciation and amortization to $920 million to $940 million from prior guidance of $950 million to $1 billion. The company, which also trimmed its revenue guidance for the fiscal year, said it was "operating in an environment marked by higher operating expenses and softer residential demand."

Albemarle was declining 10%. The lithium producer declined following a report from FactSet that said Chinese electric-vehicle battery maker Contemporary Amperex Technology Co. Ltd., better known as CATL, would be restarting its Yichun lithium mine, meaning that more mine production means additional supply and lower lithium prices.

SailPoint's adjusted earnings and revenue expectations for the third quarter were below Wall Street forecasts and shares declined 9.2%. The cybersecurity company's second-quarter earnings topped analysts' estimates.

Eightco skyrocketed 3,000% Monday after it sold new stock to fund purchases of Worldcoin, the crypto token of World, a project run by OpenAI CEO Sam Altman. The shares were down 12% on Tuesday.

Planet Labs rose 48% on Monday after posting a narrower-than-expected second-quarter and raising guidance, but shares of the Earth imaging company declined 4.4% Tuesday following an announcement it plans to selling $300 million of convertible senior notes in a private offering.

Earnings reports are expected after the closing bell Tuesday from Oracle, GameStop, Synopsys, Rubrik, and AeroVironment.

Oracle was down 1.3%. The database-software giant's fiscal first-quarter earnings are scheduled for after the stock market closes Tuesday. Analysts expect Oracle to report earnings of $1.48 a share on revenue of $15 billion.

Write to Joe Woelfel at joseph.woelfel@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

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September 09, 2025 10:47 ET (14:47 GMT)

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