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☆ Stocks making the biggest moves midday: Apple, Nio, CVS Health, GitLab and more
▼ + stars: | 2023-12-05 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading. Nio — The Chinese automaker climbed about 3% after reporting a smaller-than-expected loss in the third quarter. Nio has taken steps to bring down costs recently, including a 10% cut to its workforce last month. CVS Health — Shares gained 4% after CVS said it would overhaul the way it prices prescription drugs . GitLab — The software company's shares jumped more than 12% a day after the company reported better-than-expected results for the fiscal third quarter.

Persons: Nio, GitLab, Adecoagro, Albemarle —, Piper Sandler, —, Samantha Subin, Hakyung Kim, Sarah Min, Alex Harring, Pia Singh, Michelle Fox Organizations: Apple, Bank of America, CVS, FactSet, UBS —, UBS, Suisse, Nokia, Ericsson —, Ericsson's, Ericsson, Albemarle Locations: China, U.S, Monday's, Ericsson's U.S, Sweden, Finland

☆ Stocks making the biggest moves premarket: GitLab, CVS Health, Take-Two Interactive & more
▼ + stars: | 2023-12-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The company posted its first adjusted operating profit and said revenue grew 32% year over year. CVS Health —The pharmacy stock climbed 3% in premarket trading after the company provided higher-than-expected revenue guidance for 2024. The auto parts retailer posted earnings of $32.55 per share, topping the FactSet consensus estimate of $31.57 per share. Smucker — Shares of the snack food company rose 3% in premarket trading after J.M. Adecoagro — The Latin American agriculture stock rose 2.3%.

Persons: GitLab, Johnson, Johnson — Johnson, Piper Sandler, AutoZone, Smucker, Adecoagro, —, Jesse Pound, Brian Evans, Sarah Min, Michelle Fox Organizations: CVS Health, CVS, FactSet, Rockstar, Nokia, Ericsson —, Ericsson, UBS, Bank of America, Suisse Locations: Finland, Sweden, Adecoagro

MONTEREY, Calif. (AP) — Felix Rosenqvist will end his tenure with Arrow McLaren Racing by starting from the pole in the IndyCar Series season finale at Laguna Seca. Rosenqvist won the only two poles of the season for McLaren, which is still seeking its first win of the season from its three-driver lineup headed into Sunday's finale. Rosenqvist announced earlier this week that he's moving to Meyer Shank Racing next season; McLaren said David Malukas will replace him next year. In the end, Palou decided last month he wasn't going to McLaren at all, too late for the team to retain Rosenqvist. Ericsson, who is in his fourth season with Ganassi, won the Indianapolis 500 last year and had been lobbying since for a better contract.

Persons: — Felix Rosenqvist, Arrow McLaren, Rosenqvist, “, ” Rosenqvist, Meyer Shank, McLaren, David Malukas, Alex Palou, Palou, Chip Ganassi, Scott McLaughlin, Christian Lundgaard, Rahal Letterman Lanigan, Helio Castroneves, Castroneves, Romain Grosjean, Devlin DeFrancesco, Dale Coyne, Simon Pagenaud, Meyer Shank Racing, Marcus Ericsson, Swede, Ganassi, —, Scott, Dixon, Alex, ” Ganassi, That’s, ” Ericsson, He's, Chip, I’ve, ”, Linus Lundqvist, Lundqvist Organizations: Arrow, Arrow McLaren Racing, IndyCar, Laguna, Texas, McLaren, Team Penske, Andretti Global, Dale Coyne Racing, Chip Ganassi Racing, Ericsson, Ganassi, Indianapolis, Andretti, Ericsson —, Indy, ” Ericsson, Indy Lights, Nashville Locations: MONTEREY, Calif, Laguna Seca, Swedish, Seca, Indianapolis

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