These Stocks Are Moving the Most Today: Intel, Keurig Dr Pepper, Wayfair, Strategy, Nvidia, Vital Energy, and More

Traders on the floor of the New York Stock Exchange. (Michael M. Santiago/Getty Images)

Stocks traded mostly lower on Monday after equities surged on Friday as Federal Reserve Chairman Jerome Powell signaled that the central bank was moving closer to lowering interest rates.

These stocks were making moves on Monday:

Intel fell 1% to $24.55. The company said Friday that it had reached an agreement for the Trump Administration to take a 9.9% stake in the chip maker. Under the terms of the deal, the U.S. government will make an investment of $8.9 billion in Intel shares at $20.47 each. The nearly 10% stake, which makes the government the largest single investor in Intel, will be funded by $5.7 billion in unpaid Chips Act grants and a $3.2 billion award from the Secure Enclave national security program. Intel said the government’s investment will be passive, with no representation on its board or information rights. Intel shares closed Friday up 5.5%.

Wayfair fell 5.9%, Williams-Sonoma was down 2.7%, and RH declined 5.3% after President Donald Trump said Friday the U.S. would launch an investigation into tariffs on furniture imports. Wayfair, for one, imports a significant amount of its furniture from Asia.

Ethan Allen Interiors rose 0.3%. The company has seven manufacturing plants in the U.S. and makes about 75% of its furniture in North America. Shares of La-Z-Boy, which operates plants in Tennessee, Missouri, and Arkansas, rose 0.1%.

Bitcoin-buyer Strategy, the company formerly known as MicroStrategy, and cryptocurrency exchange Coinbase Global were down 4.2% and 4.3%, respectively, mirroring a drop in Bitcoin. Strategy, separately, said it bought 3,081 Bitcoins for around $356.9 million, or $115,829 per token, from Aug. 18 to Aug. 24, according to a form filed with the U.S. Securities and Exchange Commission.

Keurig Dr Pepper slumped 12% after reaching an agreement to buy Amsterdam-listed coffee company JDE Peet’s for $18 billion, or €31.85 a share ($37.30). It would be a prelude to separating into two separately listed public companies, the coffee machine maker and beverage company said. Shares of JDE Peet ended Monday’s session up 18% in Europe.

Verint Systems slipped 1.3% to $20.20 after confirming that private-equity from Thoma Bravo would acquire the software maker for $2 billion. Under the terms of the deal, Verint shareholders will receive $20.50 a share in cash, an 18% premium to Verint’s 10-day volume weighted average share price up to June 25, the last day before reports about a potential sale of the company.

U.S.-listed shares of PDD Holdings reversed earlier gains to fall 0.9%. Second-quarter earnings at the Chinese e-commerce giant and operator of shopping platform Temu easily surpassed analysts’ estimates. While sales rose 7%, vice president of finance Jun Liu said revenue growth “further moderated this quarter amid intense competition,” and added that investments may continue to weigh on short-term profitability.

Crescent Energy said it had reached an agreement to purchase Vital Energy in an all-stock transaction valued at $3.1 billion, including debt. Vital Energy shareholders will receive about 1.91 Crescent shares for each share of Vital held, representing a 15% premium to Vital shares’ volume-weighted average price as of Aug. 22. “This transaction is transformative for Crescent and consistent with our strategy,” Chairman John Goff said in a statement. Crescent Energy tumbled 4%, while Vital Energy surged 14.5% to $18.08.

Nvidia rose 1%. The leading maker of artificial-intelligence chips is scheduled to post quarterly earnings later this week. The stock closed up 1.7% on Friday but ended the week lower, marking a second consecutive weekly loss. It’s the longest losing streak since April 4, when Nvidia fell for three weeks in a row, according to Dow Jones Market Data. Shares have gained 35% this year.

American Eagle Outfitters fell 2.7% to $12.50 after the stock was downgraded to Underperform from Neutral at BofA Securities. Analysts cut their price target to $10 from $11, representing 20% downside from Monday’s price. While the retailer’s recent collaboration with actress Sydney Sweeney caused shares to rise, “we do not assign a high likelihood that momentum from this campaign can fully inflect the business over the long run,” the BofA team wrote, citing concerns about tariffs and challenges within the AE and Aerie brands.

Earnings reports are expected after the closing bell Monday from Heico and Semtech.

In addition to Nvidia, earnings reports are expected later this week from Dell Technologies, Snowflake, Marvell Technology, CrowdStrike, HP Inc., Autodesk, Affirm, MongoDB, Okta, Box, PVH, Veeva Systems, Agilent Technologies, Williams-Sonoma, NetApp, Nutanix, Pure Storage, Li Auto, Ulta Beauty, Dick’s Sporting Goods, and Best Buy.

Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com