Stocks making the biggest moves midday: NKE, CORT, TSM
CNBC••entertainment
Key Points:
- Nike shares rose around 4% after board members Tim Cook, Robert Holmes Swan, and CEO Elliott Hill increased their stakes, signaling confidence as the company closes a challenging year.
- Corcept Therapeutics shares plunged 50% following the FDA's rejection of its drug relacorilant for hypercortisolism, citing insufficient evidence to support a favorable benefit-risk assessment.
- Molina Healthcare gained 2.7%, marking its fourth consecutive positive session and a 6.3% weekly rise, boosted by investor Michael Burry's recent endorsement.
- Nvidia's stock increased 0.7%, extending its strong 2024 performance with a 40% gain year-to-date, while Taiwan Semiconductor Manufacturing rose 2% after
