Check out the companies that are trending in intraday trading. Krispy Kreme — Krispy Kreme had its best day ever, soaring nearly 30%. McDonald’s plans to have its donuts available in stores nationwide by the end of 2026, with initial rollouts starting later this year. McDonald’s stock was little changed. Trump Media & Technology Group — Shares of former President Donald Trump’s social media company soared 35% after opening on the Nasdaq. Trump Media has completed a merger with shell company Digital World Acquisition Corporation. on monday. McCormick — Shares rose 10% after the spice maker beat first-quarter earnings and sales estimates. McCormick’s adjusted earnings per share were 63 cents, compared with the consensus estimate of 58 cents, according to FactSet. Sales came in at $1.6 billion, compared to expectations of $1.55 billion. Reddit — Reddit soared about 15% after it went public on the New York Stock Exchange on Thursday as investors continued to buy social media stocks. The stock rose 30% on Monday. Viking Therapeutics — The biotech stock rose more than 21% after the company announced that its experimental weight-loss drug showed promising results in a small trial. Viking Therapeutics said the drug will advance to the next stage of development this year. Seagate Technology — The data storage stock rose nearly 10% after Morgan Stanley upgraded it from equal weight to overweight. Morgan Stanley said the company is improving profitability due to generative artificial intelligence and other drivers. Micron Technology — The memory chip maker added 2% after Mizuho Securities reiterated its buy rating and raised its price target. The company cited strong AI opportunities that will contribute to sales growth from late 2024 to 2025. UPS — Shares of the delivery-related stock fell more than 6% as Wall Street digested its long-term forecast update. UPS said it expects sales could reach $114 billion in 2026 after shrinking last year, but Wall Street analysts said the pricing used in that forecast questioned. Canada Goose — The luxury coat and parka maker fell 3.4% after announcing plans to cut 17% of its global corporate workforce in a bid to cut costs and reduce consumer discretionary spending. did. Super Microcomputer — Shares rose 2.3%, building on gains from Monday, when JPMorgan initiated coverage of the stock with an overweight rating. The company named the server and storage solutions provider a leader in the growing AI computing market, which is “still in its infancy.” —CNBC’s Alex Harring, Michelle Fox, Jesse Pound and Pia Singh contributed reporting.
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