Stocks making the biggest moves midday: Skyworks Solutions, Axon, Dave & Buster's, Revvity & more

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Stocks making the biggest moves midday: SWKS, AXON, PLAY, RVTY Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves midday: Skyworks Solutions , Qorvo The chipmakers' stocks popped, recovering from a sell-off in the previous session driven by safety concerns around the artificial intelligence trade. Shares of Skyworks traded 10% higher, while shares of Qorvo advanced 7%. Axon Enterprise Shares slid 9% after the Taser manufacturer announced the sale of $1 billion in convertible senior notes. Revvity Shares of the provider of equipment for life sciences research jumped 7% to hit a fresh 52-week high. On Tuesday, leadership shared details on Revvity's outlook for the remainder of the year at Baird's healthcare conference. The company ended the second quarter with a strong backlog and orders that weren't completed in that period will ship in the third and fo...
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Saudi pipeline closure is a brief interruption that will last days, U.S. Energy Secretary tells CNBC

Saudi Arabia's critical East-West crude oil pipeline will start operating again "very soon" after Iran-backed attacks forced its closure, U.S. Energy Secretary Chris Wright told CNBC in an interview Tuesday. "This will be a brief and temporary interruption," Wright told CNBC's Morgan Brennan at a meeting of G20 nations in Houston. "It will be measured in days." The Saudis closed the pipeline late last week after it sustained damage in drone attacks launched from Iraq. Iran-backed proxy groups were responsible for the strikes, Wright said. Riyadh has relied on the pipeline to shift crude oil exports to the Red Sea as the U.S. and Iran battle for control over the Strait of Hormuz. The Saudis are now shifting some oil exports back through Hormuz with U.S. military support while the pipeline is down, Wright said. U.S. crude oil prices have gained more than 5% this week to trade above $105 per barrel, as the market tries to assess how big a supply disruption the pipeline outage will cause. Satellite imagery appears to show extensive damage to one of the pipeline's pumping stations. "Judging from the on-line pictures, it will take months to repair," said Andy Lipow, president of Lipow Oil Associates, in a Monday note. Riyadh has described the closure as a "precautionary measure." It has not provided a damage assessment or said how long the pipeline will stay shut. This is a developing story. Please check back for updates.

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