Midday movers: Oracle, Carnival Corp., Illumina and more

Investing.com

June 12, 2023 at 9:27 a.m.·1 min read

Investing.com -- Stocks are rising as investors await Tuesday's inflation report and the start of the Federal Reserve's two-day meeting. Here are the market movers for June 12.

Oracle Corporation (NYSE:ORCL) shares are up 6% ahead of its earnings report after tonight's closing bell. Analysts at Wolfe Research upgraded the stock to Outperform from Peer-perform. Carnival Corporation (NYSE:CCL) shares were up 13% on optimism about the recovering travel sector. Carnival caught a couple of upgrades from Wall Street analysts. Shares of other cruise operators are also rising, including Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), up 8%, and Royal Caribbean Cruises Ltd (NYSE:RCL), up 1.8%. Illumina Inc (NASDAQ:ILMN) shares rose 3.7% after the gene sequencing firm said its CEO had stepped down on Sunday, to be temporarily succeeded by the general counsel while it conducts a search for a new CEO. Plug Power Inc (NASDAQ:PLUG) shares rose 10% after the hydrogen fuel cell developer announced details of its investor day this week. CEO Andy Marsh said this year's revenue goal was $1.4 billion. Nasdaq Inc (NASDAQ:NDAQ) shares fell 11% after the exchange operator announced plans to buy software firm Adenza for about $10.5B.

Midday movers: Oracle, Carnival Corp., Illumina and more

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