Check out the companies that are trending in intraday trading. Cryptocurrency Stocks – Stocks related to cryptocurrencies soared following reports that President-elect Donald Trump may issue an executive order making cryptocurrencies a national priority as early as the first day of his new term. Shares of cryptocurrency exchange operators Coinbase and Robinhood rose 4.9% and 4.5%, respectively. Trading activity in small-cap cryptocurrencies benefits trading platforms. Bitcoin distributors MicroStrategy and Mara Holdings rose 8% and 8.8%, respectively. Novo Nordisk — Semaglutide, the active ingredient in the company's diabetes drugs Ozempic and Libersus, and obesity drug Wigovy, has been added to Medicare's list of drugs eligible for upcoming price negotiations. The stock price fell 5.3%. Qorvo – Shares rose 14.4% after activist investor Starboard Value disclosed its 7.7% stake in Qorvo and said it was seeking changes to improve the company's stock price. Vistra — The company's stock fell 1.8% after a massive fire broke out at the company's battery storage facility in Northern California, leading to the evacuation of nearby residents. MoonLake Immunotherapeutics — The biopharmaceutical stock rose 5.6% after Goldman Sachs upgraded the stock to buy from neutral. Analyst Richard Roe said the company's experimental treatment for the chronic skin disease SLK “has the potential to deliver best-in-class results.” Lam Research , Applied Materials — Semiconductor equipment stocks rose 1.4% and 3%, respectively, after KeyBanc Capital Markets upgraded both companies from sector weight to overweight. Lam Research & Applied Materials has exposure to artificial intelligence-related equipment, which should lead to higher stock prices, the company said. JB Hunt — Transportation stock fell 7.4% after poor fourth-quarter results. J.B. Hunt's earnings per share were $1.53, while analysts polled by LSEG expected earnings of $1.61. The company reported year-over-year sales declines in each of its major business segments. Fastenal — Shares of the fastener distributor rose 1.8% even though the company missed expectations in the fourth quarter due to continued manufacturing-related challenges. Fastenal had earnings of 46 cents per share on sales of $1.82 billion, compared with analyst estimates compiled by FactSet of 48 cents per share on sales of $1.84 billion. The company reported higher sales in the quarter due to growth in stores opened over the past two years. Life360 — Shares of the location-sharing app rose 6.9% after UBS upgraded the company to buy from neutral, citing greater confidence in the company's medium-term ad revenue opportunities. Intel — Shares of the battered chipmaker soared about 9.3% as the company remains part of takeover speculation after its CEO stepped down in December. The stock, which was lifted from the Dow Jones Industrial Average in November, is still down more than 50% in the past 12 months. —CNBC's Alex Harring, Sean Conlon, Jesse Pound, Tanaya Machel, Samantha Subin, Lisa Han and Michelle Fox contributed reporting.
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