These Stocks Moved the Most Today: UnitedHealth, Applied Materials, Intel, Quantum Computing, Opendoor, and More

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

Stocks were mixed Friday after the University of Michigan’s consumer sentiment index fell from the prior month and as markets awaited updates from a summit between President Donald Trump and Russian leader Vladimir Putin.

These stocks made notable moves Friday:

UnitedHealth gained 12% after Warren Buffett’s Berkshire Hathaway revealed in a regulatory filing that it bought roughly five million shares in the company, worth about $1.6 billion. Rival health insurers Elevance Health, Molina Healthcare, and Centene also traded higher. Berkshire Hathaway purchased shares of home builders Lennar and D.R. Horton, and steel maker Nucor in the second quarter as well. Nucor rose 0.7%. Berkshire also pared its investments in Apple and Bank of America.

Applied Materials tumbled 14% after the largest chip-equipment maker in the world reported fiscal third-quarter earnings and revenue that beat analysts’ estimates but issued a range of revenue guidance for the current quarter that at the midpoint of $6.7 billion was below consensus of $7.33 billion. Peers Lam Research and KLA fell 7.3% and 8.4%, respectively.

Globant fell 15% after its second-quarter earnings report. Adjusted earnings came in at $1.53 a share on revenue of $614.2 million, largely in line with expectations. The IT and software company guided for full-year revenue of at least $2.4 billion, implying roughly 1% year-over-year revenue growth that was slightly below expectations.

Intel rose 2.9% after it was reported the Trump administration was in talks to have the U.S. government potentially take a stake in the chip maker. The move would help Intel expand domestic manufacturing and help shore up the company’s factory buildout plans in Ohio, Bloomberg reported, citing people familiar with the plan. The size of the potential stake wasn’t clear, the report added.

Quantum Computing was down 0.4%. The company reported second-quarter revenue of $61,000, up from $39,000 in the previous quarter but well below year-earlier revenue of $183,000, a figure the company said largely was driven by “contractual sales.” Operating expenses in the period rose to $10.2 million from $5.3 million a year earlier.

Opendoor Technologies rose 4.3%. The real-estate platform company said Chief Executive Carrie Wheeler had stepped down and a search for a new CEO was under way. Shrisha Radhakrishna, who was serving as chief technology and product officer, was appointed as interim leader.

Fintech Miami International climbed 1.2% after rising 34% on Thursday in its trading debut. The stock’s first trade Thursday was $31 a share, above its initial public offering price of $23. The company specializes in options, futures, and derivatives trading through its MIAX exchanges.

Nu Holdings rose 9.1% after the Brazilian fintech reported second-quarter net profit growing 42% from last year to $637 million, beating expectations. The company added 4.1 million new customers in the quarter, reaching a total of 122.7 million customers globally.

Sandisk, which develops and manufactures data storage devices based on NAND flash technology, was down 4.6% after a mixed earnings report. Fiscal fourth-quarter revenue was above expectations at $1.9 billion but its net loss of $23 million missed analysts’ estimates that called for a small profit.

Target fell 1.2% to $103.02. Shares of the retailer were downgraded to Underperform from Neutral at BofA Securities and analysts reduced their price target to $93 from $105**,** citing underperformance on digital growth and investments relative to industry peers.

Write to Joe Woelfel at joseph.woelfel@barrons.com and Elsa Ohlen at elsa.ohlen@barrons.com