Midday Market Movers: Intel Rebounds, Sangamo Tumbles

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Stockmarket,Technology,Healthcare

Intel stock climbs over 1% midday, recovering from a 60% decline in 2024. Meanwhile, Sangamo Therapeutics plunges 54% after Pfizer terminates a gene therapy agreement. Nvidia sees profit-taking, Nutriband surges on expedited review for its fentanyl patch, and Biohaven rises on insider buying.

Check out the companies making headlines in midday trading: Intel — The struggling chip stock bounced into year-end, rising close to 1.2% in midday trading. Intel has plunged more than 60% in 2024, making the stock poised to see its worst year on record and be the second-worst performer in the S & P 500 . Nvidia — The artificial intelligence giant and retail investor favorite shed 1.3% as traders took profits as the trading year wraps up.

Sangamo retained rights to the product. Biohaven — The biopharmaceutical stock popped nearly 2% after director John Childs disclosed a purchase of 29,000 shares. Childs now owns around 6.5 million shares. Nutriband — Shares jumped more than 8% after Nutriband said it expects an expedited review process for its abuse-deterrent opioid patch called AVERSA Fentanyl, which could position the company to achieve regulatory approval before the end of 2025.

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