Midday Trading Surge: Big Movers in the Market

There’s lots of action in the market today, with a slew of companies making significant moves. Here are some of the highlights:

Talen Energy’s Power Surge

Talen Energy’s shares are lighting up the market, with a 23% increase. The company announced agreements to acquire Moxie Freedom Energy Center in Pennsylvania and the Guernsey Power Station in Ohio. These combined-cycle gas-fired plants add to their portfolio, with the deal being a cool $3.5 billion after tax benefits adjustments. Interestingly, Constellation Energy and Vistra also saw a 5% increase in shares, likely due to their involvement in the data center power sector.

Invesco’s Asset Management Play

Invesco is making waves with a 12% jump in share price. The asset manager is reportedly requesting permission from its Invesco QQQ Trust shareholders to convert its structure to an open-ended fund from a unit investment trust. If they get the green light, this move could lead to increased fee revenue and lower costs for shareholders. Notably, the QQQ, which tracks the tech-heavy Nasdaq 100, is up by nearly 10% in 2025.

Regional Bank Beats Expectations

Regions Financial is also enjoying a boost, with shares up by 5% following better-than-expected second-quarter earnings. The regional bank reported adjusted earnings of 60 cents per share, beating estimates of 56 cents. It also reported a net interest income of $1.26 billion, surpassing expectations of $1.23 billion.

Netflix Takes a Dip

On the other hand, Netflix shares dipped by 4% as the company warned that its operating margin in the second half of 2025 would be lower than the first half. This is due to increased content amortization and sales and marketing costs, owing to a larger slate of content. Despite this, the streaming giant still surpassed top and bottom line expectations.

Chevron Wins Dispute, Shares Fall

In a surprising turn of events, Chevron shares fell by 1% following their win against Exxon Mobil in a dispute over Hess’s offshore oil assets in Guyana. This victory paves the way for Chevron to complete its $53 billion acquisition of Hess.

Sarepta Therapeutics Faces Setback

Sarepta Therapeutics’ stock took a steep 26% plunge following reports of a patient’s death after receiving treatment during a Phase 1 study. The company cited acute liver toxicity as the cause of death.

Union Pacific and Norfolk Southern’s Potential Deal

Railroad operators Union Pacific and Norfolk Southern also made headlines, with their shares falling by 1.5% and rising by approximately 2%, respectively. This comes after reports of Union Pacific exploring a deal with Norfolk Southern.

More Market Movers

Other significant moves include a 4% drop in 3M’s stock despite topping estimates for its second-quarter results, a near 3% gain for American Express after second-quarter earnings beat expectations, a 6% rise in Interactive Brokers’ shares following better-than-expected second-quarter results, and a 2% slide in Huntington Bancshares’ shares despite beating second-quarter earnings estimates.

Meanwhile, crypto stocks are enjoying a boost as the price of ether hits a six-month high following Congress passing the first major crypto legislation for the U.S.