These Stocks Moved the Most Today: Lucid, TSMC, Elevance, Sarepta, PepsiCo, Abbott Labs, Archer Daniels, and More

A trader works on the floor of the New York Stock Exchange. (Spencer Platt/Getty Images)

Stocks rose Thursday, with both the S&P 500 and on hitting record, following better-than-expected U.S. retail sales and a decline in jobless claims.

These stocks were making moves Thursday:

Lucid Group soared 36% after the luxury-vehicle maker announced a self-driving partnership with Uber Technologies and Nuro. The service is expected to launch later next year in a major U.S. city, the companies said. Uber aims to deploy 20,000 or more Lucid vehicles equipped with Nuro self-driving technology over six years. Uber shares fell 0.3%.

U.S.-listed shares of Taiwan Semiconductor Manufacturing rose 3.4% as the world’s largest contract chip maker reported a record profit in the second quarter as robust chip demand for artificial-intelligence applications held up despite currency headwinds and uncertainty about U.S. tariff policy.

United Airlines was reported second-quarter adjusted earnings of $3.87 a share that beat analysts’ expectations of $3.81. The stock rose 3.1%. The carrier also revised its full-year guidance. United said that while it has seen an acceleration in demand and double-digit acceleration in business demand starting in early July, which it attributed to “less geopolitical and macroeconomic uncertainty,” it was updating its per-share profit guidance for 2025 to between $9 and $11.

Shares of PepsiCo climbed 7.5% after the beverage and snack company reported second-quarter adjusted earnings of $2.12 a share, beating analysts’ expectations of $2.03. PepsiCo said it now expects adjusted earnings to decrease by 1.5% in 2025, better than the 3% decline it had previously forecast.

Elevance Health fell 12% after the health insurer slashed its full-year earnings guidance, citing higher medical spending. Elevance said it expects 2025 adjusted earnings of $30 a share, down from prior guidance of between $34.15 and $34.85.

GE Aerospace was down 2.2%. The jet-engine maker posted better-than-expected second-quarter earnings and raised its guidance for 2025.

Abbott Laboratories declined 8.5%. The medical-device maker reported better-than-expected second-quarter sales but lowered the top end of its full-year profit guidance range. Abbott said it expects adjusted earnings this year of $5.10 to $5.20 a share, compared with prior guidance of $5.05 to $5.25.

Sarepta Therapeutics said it will undergo a restructuring that will cut 36% of its workforce, or 500 employees, and save the gene-therapy company about $120 million in 2026. Sarepta also named Ryan Wong chief financial officer, succeeding Ian Estepan, who will become chief operating officer. The stock surged 20%.

Shares of MP Materials gained 2.9% to $60.26 after falling earlier in the session. The rare-earths miner said it would sell $500 million of common stock in a public offering. MP Materials ended Wednesday’s session up 0.6% at a record high of $58.55. On Thursday, Deutsche Bank analyst Corinne Blanchard kept a Hold rating on the stock but raised her price target to $67 a share from $20.

Archer Daniels Midland fell 0.9% after President Trump said Coca-Cola had agreed to use real cane sugar in the U.S. ADM makes the high-fructose corn syrup that is used in certain Coke products. Ingredion, another supplier of high-fructose corn syrup, was down 0.6%.

Earnings reports are expected after the closing bell Thursday from Netflix and Interactive Brokers.

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