Check out the companies making headlines in midday trading. Donald Trump trades — Individual stocks viewed as trades tied to Donald Trump's election odds surged as the Republican clinched a return to the White House. Trump Media & Technology , majority owned by Trump himself, popped nearly 5%. Tesla , whose CEO publicly backed the President-elect, surged more than 14% . Phunware , the company behind the campaign's app, climbed 5%.
Sales of its weight-loss drug Wegovy were also 79% higher in the third-quarter of 2024 than the same period a year earlier. Private prison stocks — Geo Group and CoreCivic popped 39% and 29%, respectively after Trump, who has promised a mass deportation of illegal immigrants, won the White House. Cannabis stocks — Shares of cannabis companies dropped after voters rejected a Florida ballot measure to legalize the sale and use of marijuana in the state. Tilray sank 14%, while U.S.
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »