These are the companies making headlines in midday trading. Quantinuum — Shares dropped more than 8%. Quantinuum debuted on the Nasdaq Thursday to a lukewarm reception , closing flat on the day. Friday’s decline brought the stock below its initial public offering price of $60 per share . A slate of quantum computing stocks slid alongside it, with shares of Rigetti Computing falling 13% and shares of D-Wave Quantum slumping nearly 12%. Consumer staples, healthcare — The sectors were bright spots in Friday’s sell-off as investors shunned tech names for defensive corners of the market. Consumer staples were last up 2%, as shares of Colgate-Palmolive, Coca-Cola and Procter & Gamble jumped more than 3%. The healthcare sector advanced 1.7%, with Insulet ‘s stock trading nearly 5% higher and Eli Lilly ‘s gaining almost 3%. FedEx Freight Holding Company — Shares popped more than 8% as the FedEx spinoff headed for a winning week. FedEx Freight, which focuses on the less-than-truckload industry, began trading on the New York Stock Exchange on June 1 . The stock is on track for a 6% gain on the week. Lululemon Athletica — Shares sank 9% after the athleisure company lowered its full-year earnings and revenue guidance , citing headwinds. The company’s current-quarter earnings and revenue guidance also came below what analysts were expecting, per LSEG. Docusign — Shares slipped 6% after the software stock’s outlook failed to impress the Street. The company sees second-quarter revenue in a range of $865 million to $869 million, encompassing the LSEG consensus estimate of $866 million. Chip stocks — A slew of companies saw shares drop again Friday, continuing declines after Broadcom’s earnings report earlier this week. Broadcom ‘s stock was off 6%, after it fell more than 12% the day before. Shares of Advanced Micro Devices were off 8%, as were shares of Intel and Qualcomm . Shares of Arm slipped 10%. Nvidia ‘s stock shed more than 4%. Memory stocks — The chipmaker sell-off extended to memory stocks, which slid for another day. Micron Technology shares slid about 8%, and Lam Research ‘s stock tumbled 6%. Seagate Technology ‘s stock was down just shy of 5%. Sandisk shares fell close to 8%. Cooper Companies — Shares added around 8% after the medical devices company posted second-quarter adjusted earnings of $1.21 per share, beating the $1.10 per share consensus estimate, per FactSet. Cooper Companies also posted revenue of $1.08 billion, which exceeded the $1.05 billion analysts had penciled in. Guidewire Software — The software stock tumbled around 10%. Guidewire posted adjusted gross margin of 66.4% in the third quarter, compared with the 67% analysts sought, per StreetAccount. The company beat expectations on the top and bottom lines for the latest period, however. Chipotle Mexican Grill — Shares were up close to 5% after the stock received an upgrade from JPMorgan to overweight from equal weight. The bank said the company’s same-store sales growth in its first quarter makes it think there is more potential upside rather than downside in the stock. Argan — The construction engineering company’s stock gained 6%. First-quarter results surpassed expectations, with Argan earning $3.24 per share on revenue of $291 million. Analysts polled by FactSet were looking for $2.31 per share and revenue of $256 million. ServiceTitan — The software platform provider with a focus on contractors saw shares pop about 5%. ServiceTitan raised its guidance for the full year and now sees adjusted income from operations in a range of $142 million to $147 million. That surpasses its earlier forecast for $128 million to $133 million and the FactSet consensus call for $131.6 million. Crypto stocks — Bitcoin prices fell 4% and briefly broke below $60,000 — the lowest level since October 2024 . Cryptocurrency-exposed stocks dropped in tandem. Cryptocurrency treasury company Strategy , which triggered bitcoin ‘s decline earlier this week after selling a small amount of its bitcoin holding, saw shares drop more than 8%. Shares of trading platforms Coinbase and Robinhood declined 8% and 7%, respectively. — CNBC’s Lisa Kailai Han and Darla Mercado contributed reporting.
Stocks making the biggest moves midday: Broadcom, Arm, Strategy, Chipotle, Quantinuum & more
Jun 5, 2026
