Take a look at the companies making headlines in midday trading. Cleanspark – Crypto miner’s share price plunged more than 13%. Cleanspark released a mining update for August, showing that 478 Bitcoins were mined last month. This was down from 494 cases in July last year and 659 cases in August. Vaxcyte – Shares of Vaxcyte recently rose about 36% and hit an all-time high earlier after the vaccine company reported positive results from a Phase 1/2 study of its 31-valent pneumococcal conjugate vaccine candidate. This drug is designed to prevent invasive pneumococcal disease in adults 50 years of age and older. Leerink Partners said his results were “shocking” and predicted the vaccine candidate’s profile was a “category killer.” Unity Software – Shares of the video game maker rose about 6% after Morgan Stanley upgraded the stock to overweight from equal weight, saying the stock is now de-risked and pointing to Unity as a “clear Game Engine” status. Boeing Co. — Shares of the airplane maker fell 8% after Wells Fargo downgraded its rating to underweight from equal weight. The bank said it expects Boeing’s free cash flow per share to peak in 2027. . Riley Securities Neutral Buy. The investment firm said Redfin’s internal improvements coupled with the possibility of lower interest rates should help the company return to growth and improve margins in 2025. The trading day fell. KLA and Nvidia led the decline, both falling around 7%. Micron Technology and Taiwan Semiconductor Manufacturing fell about 6% each, while Broadcom and Advanced Micro Devices fell about 5%. Super Micro Computer – Shares of Super Micro Computer rose about 2% after CEO Charles Liang sent a letter to customers and partners calling the Hindenburg research report “misleading.” He also said that delaying the SEC filing would not “result in any material change to our financial performance in the fourth quarter or fiscal 2024.” Last week, the company’s shares fell 19% on news of its late filing and Hindenburg’s disclosure of its short position. Hindenburg claimed in the report that it had found “new evidence of accounting manipulation.” U.S. Steel — Vice President Kamala Harris spoke out against a planned sale of U.S. Steel to Japan’s Nippon Steel Corp. at a Labor Day rally in Pittsburgh, sending the company’s shares down more than 5%. Harris said in her speech that U.S. Steel is “a historic American company, and maintaining a strong U.S. Steel is critical to our country.” —CNBC’s Lisa Kailai Han, Pia Singh, Jesse Pound, Fred Imbert and Michelle Fox contributed reporting.
