See the companies making headlines in midday trading. FuboTV – The streaming provider’s shares soared 251% after confirming it had struck a deal to combine its online TV business with Walt Disney. The new venture will be 30% owned by Fubo and 70% owned by Disney and will become the second largest digital pay television provider after YouTube TV. Pony AI — The Chinese self-driving car company gained 2.6% after Pony AI said in a statement Friday it is trying to launch robotaxi services in Hong Kong, the first step in expanding its global operations. Paycor — Shares of payroll services provider Paycor rose 23% after Bloomberg reported the company was in talks to be acquired by larger rival Paychex. Sources familiar with the matter said the deal could be announced as soon as this week. T-Mobile – Telecom shares fell 3% after being downgraded to equal weight due to Wells Fargo’s overweight stock. The investment firm said growth in T-Mobile’s key metrics is slowing at a time when the company is trading at a steep premium to its major rivals, raising risk for the stock. Dutch Bros. shares Shares rose 2.5% after the coffee chain was rated from neutral by Baird. The investment firm said it had “become more confident in near-term fundamentals” since the start of the new year and continued to expect strong upside potential for the shares. Capri Holdings — Shares of Coach and parent company Michael Kors rose 8%. The gains came as BMO shares were upgraded to outperform, citing “overly negative/disinterested sentiment.” VeriSign — Shares of the Internet company jumped 2.5% after a regulatory filing revealed that Warren Buffett’s Berkshire Hathaway bought another 20,044 shares worth $4.1 million in transactions on Tuesday, Thursday and Friday. The conglomerate has been buying VeriSign shares for 12 consecutive sessions. American Airlines – Shares of the airline rose 3.2% after TD Cowen upgraded the stock to a buyout. The firm also set a $25 price target for the stock, which is a new high on Wall Street, according to LSEG. Citigroup – Bank shares rose 2.5% after being upgraded to overweight from equal weight at Barclays, which noted improving prospects for large-cap banks. The firm also said Citi may be at an inflection point after reporting year-on-year revenue growth and positive operating leverage for its business. Chipmaker shares rose Monday after contract electronics giant Foxconn posted its highest-ever fourth-quarter earnings. Taiwan Semiconductor shares rose 5.5%, while Micron Technology shares rose more than 10%. Meanwhile, shares of Advanced Micro Devices and Nvidia also jumped more than 3%. MicroStrategy – The Bitcoin proxy gained nearly 12% after announcing that it plans to raise up to $2 billion in capital in the form of preferred shares, which will be used to acquire more Bitcoin and strengthen MicroStrategy’s balance sheet. Plug Power, a developer of hydrogen fuel cell systems, made a 20% profit. Earlier on Friday, it gained 13% after the U.S. Treasury Department published final rules to provide multibillion-dollar tax breaks for companies producing hydrogen to boost the clean energy industry. Chewy shares rose 3.1% after Mizuho upgraded the online pet food retailer to neutral and raised its price target to $42 from $24, suggesting upside of about 17% from Friday’s close. Analyst David Bellinger said “short-term concerns about increased ad spending are short-sighted.” — CNBC’s Sean Conlon, Michelle Fox, Alex Harring, Yun Lee, Sarah Min, Jessie Pound and Samantha Subin contributed reporting.
