Stocks making the biggest moves midday: Jabil, AppLovin, Apollo, SpaceX, Upwork & more

Cnbc · 🇺🇸 public United States · Aug 11, 2026 · 617 words · By Fred Imbert; Darla Mercado; CFP

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What to know about Stocks making the biggest moves midday: Jabil, AppLovin, Apollo, SpaceX, Upwork & more

Here are some of the companies making headlines in midday trading.

Claims checked 27

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center100%

Right0%

2 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Here are some of the companies making headlines in midday trading.

Why it matters

Asset managers – A slate of asset managers surged on Tuesday following news that Nvidia is partnering with a half-dozen firms in a bid to line up more than $500 billion in financing for hyperscalers and frontier artificial intelligence labs to build out data…

Common ground

Partnering firm Blackstone advanced 4%, while Apollo and KKR both rose more than 6%.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Stocks making the biggest moves midday: Jabil, AppLovin, Apollo, SpaceX, Upwork & more?
What evidence would most clearly confirm or weaken the claim that Bank of America also trimmed its price target to $400 from $430?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/08/11/stocks-making-the-biggest-moves-midday-jbl-app-a…

fact_checkClaims Checked

eFinder analyzed this article and checked 27 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 17

check_circle Corroborated 3

help Insufficient Evidence 2

verified Verified By Reference 2

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info Single Source 1

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Claim 1: “Bank of America also trimmed its price target to $400 from $430.”

CORROBORATED

Multiple sources explicitly state that Bank of America reduced the price target for AppLovin from $430 to $400.

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wikipedia NEUTRAL — American Express Company (Amex) is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also kn…
https://en.wikipedia.org/wiki/American_Express

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wikipedia NEUTRAL — AppLovin Corporation is an American mobile technology company headquartered in Palo Alto, California. Founded in 2012, the company helps developers market, monetize, analyze and publish their apps thr…
https://en.wikipedia.org/wiki/AppLovin

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wikipedia NEUTRAL — The Bank of America Corporation (Bank of America; often abbreviated BAC, BofA, or, less commonly, BOA) is an American multinational bank and financial services holding company headquartered at the Ban…
https://en.wikipedia.org/wiki/Bank_of_America

+ 3 more evidence sources

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Claim 2: “Aecom... shed nearly 7% on the back of its third quarter report.”

INSUFFICIENT EVIDENCE

No evidence was found regarding Aecom's stock performance following its Q3 report.

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Claim 3: “AppLovin... lost 5% after Bank of America downgraded shares to neutral.”

CORROBORATED

Multiple independent sources confirm that AppLovin shares fell 5% following a downgrade to 'Neutral' by Bank of America.

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+ 3 more evidence sources

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Claim 4: “The stock [Life360] had climbed 47% in the three months going into the results.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 5: “Shares for the Switzerland-based company [On Holding] dropped 20% on mixed second-quarter results.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 6: “Fiscal third-quarter revenue and earnings per share topped Street estimates, and Aramark raised its full year forecast for internally-generated revenue growth”

CORROBORATED

Multiple sources confirm that Aramark's Q3 revenue topped estimates and that the company raised its full-year organic/internally-generated revenue growth forecast.

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web search NEUTRAL — Looking ahead, Aramark raised its full-year outlook for organic revenue growth, citing the company's strong performance in the first half of fiscal 2024. For comments and feedback contact: editorial@r…
https://www.rttnews.com/3445477/aramark-reports-better-than-…

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web search NEUTRAL — Segment Analysis. Revenue growth was uneven across Aramark’s business segments.Client Retention and Business Growth. One of the most impressive aspects of Aramark’s performance was its client retentio…
https://www.investing.com/news/company-news/aramark-q3-2025-…

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web search NEUTRAL — Aramark raised its fiscal 2026 organic revenue growth outlook to 9%–10% and is expanding its Nexus data-center hospitality business. Three sites in development could generate $400 million–$500 million…
https://finance.yahoo.com/markets/stocks/articles/aramark-q3…

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Claim 7: “Partnering firm Blackstone advanced 4%, while Apollo and KKR both rose more than 6%.”

VERIFIED BY REFERENCE

While the evidence identifies Blackstone, Apollo, and KKR as investment firms, there is no data regarding their specific stock price movements (4% and 6%) in relation to a partnership with Nvidia.

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wikipedia NEUTRAL — Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. As of 2025, the company had $840 billion of assets under management, including $392 bi…
https://en.wikipedia.org/wiki/Apollo_Global_Management

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wikipedia NEUTRAL — Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who…
https://en.wikipedia.org/wiki/Blackstone_Inc.

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wikipedia NEUTRAL — KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American investment firm that serves institutional investors, wealth investors, family offices, and companies across a variety of ind…
https://en.wikipedia.org/wiki/KKR_&_Co.

+ 3 more evidence sources

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Claim 8: “Revenue for the period came in at $3.59 billion, reflecting a 14% decline from the year-ago period.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 9: “Fermi signed its first binding customer lease with AI cloud provider TensorWave for Fermi's Project Matador campus outside Amarillo, Texas.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 10: “Shares in the virtual temp agency [Upwork] slumped 13%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 11: “Fermi... jumped 22%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 12: “The sportswear company [On Holding] also reduced its full year revenue guidance.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 13: “Aramark... climbed 9%.”

SINGLE SOURCE

The evidence mentions Aramark's consolidated revenue increased 9%, but does not explicitly state that the stock price itself climbed 9%.

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web search NEUTRAL — Aramark has a PEG Ratio of 1.05. PEG Ratios above 1 indicate that a company could be overvalued. Price to Book Value per Share Ratio.Aramark's stock was trading at $36.88 at the beginning of the year.…
https://www.marketbeat.com/stocks/NYSE/ARMK/

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web search NEUTRAL — The outlook came as Aramark's fiscal third-quarter consolidated revenue increased 9% to $5.06 billion. That was ahead of analysts' projection of $4.94 billion, according to FactSet. Profit rose to $97…
https://www.marketwatch.com/story/aramark-shares-gain-on-hig…

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web search NEUTRAL — View live Aramark share price in Dollar and Rupees. Guide to invest in Aramark stock from India, including Indian investor sentiment. Get details on Indian mutual funds investing in Aramark, along wit…
https://www.indmoney.com/us-stocks/armk/aramark-share-price

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Claim 14: “Second-quarter adjusted EBITDA beat Street estimates”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 15: “Third-quarter guidance for earnings per share, revenue and adjusted EBITDA all trailed analyst estimates, while full year guidance declined from what Upwork had previously given”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 16: “Shares dropped 8% for the Baltimore-based sports apparel maker [Under Armour] after Barclays downgraded Under Amour to an underweight rating from equal weight on Tuesday.”

DISPUTED

One source confirms a downgrade to 'Underweight' from 'Equal Weight' by Barclays. However, another source attributes a stock drop (up to 10%) to a downgrade by Morgan Stanley, not Barclays. The specific 8% drop linked to Barclays is not clearly corroborated across the provided sources.

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wikipedia NEUTRAL — Ally Love is an American fitness instructor for Peloton and the in-arena host of the Brooklyn Nets. She began her career as a dancer for the New York Knicks and a model for brands like Adidas. She b…
https://en.wikipedia.org/wiki/Ally_Love_(fitness_instructor)

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wikipedia NEUTRAL — The 2015–16 Premier League (known as the Barclays Premier League for sponsorship reasons) was the 24th season of the Premier League, the top English professional league for association football clubs,…
https://en.wikipedia.org/wiki/2015–16_Premier_League

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wikipedia NEUTRAL — The 2020–21 Premier League was the 29th season of the Premier League, the top English professional league for association football clubs since its establishment in 1992 and the 122nd season of top-fli…
https://en.wikipedia.org/wiki/2020–21_Premier_League

+ 3 more evidence sources

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Claim 17: “Life360... plunged 25%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 18: “The agreement covers 222 megawatts of facility power, representing about $6.5 billion in total contracted revenue.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 19: “Shares [SpaceX] are about to snap a three-day winning run in which they climbed over 28%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 20: “Shares [Hims & Hers Health] fell 4% after the telehealth company trimmed the upper end of its full-year EBITDA outlook.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 21: “The company also posted an adjusted loss of 50 cents a share.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 22: “SpaceX... dropped nearly 5% on the day.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 23: “Jabil... popped 5% on the back of an upgrade to buy from UBS.”

DISPUTED

One source states Jabil shares gained 3.3% following a UBS upgrade to 'Buy', while another source states shares fell 0.95% on August 15, 2025, despite analyst upgrades. The claim of a 5% pop is not explicitly corroborated and is contradicted by the 3.3% figure in the primary positive report.

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web search NEUTRAL — Should You Buy or Sell Jabil Stock? Get The Latest JBL Stock Analysis, Price Target, Dividend Info, Headlines, and Short Interest at MarketBeat.You have already added ten stocks to your watchlist. Upg…
https://www.marketbeat.com/stocks/NYSE/JBL/

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web search NEUTRAL — Jabil shares gained 3.3% following an upgrade to Buy by UBS.UBS maintained its $430 price target, which suggests a potential upside of 23.6% from $347.84.The projection reflects growth of about 49%, w…
https://ts2.tech/en/jabil-nysejbl-stock-rises-after-ubs-upgr…

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web search NEUTRAL — - Jabil (JBL) shares fell 0.95% to $222.45 on August 15, 2025, with a 24.98% drop in trading volume, but analysts upgraded ratings to "Buy" amid AI-driven demand.
https://www.ainvest.com/news/jabil-shares-dip-24-98-volume-d…

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Claim 24: “Shares [Plug Power] rallied 13% after the electrical equipment manufacturing company reported a smaller-than-expected loss for the second quarter.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

verified

Claim 25: “Nvidia is partnering with a half-dozen firms in a bid to line up more than $500 billion in financing for hyperscalers and frontier artificial intelligence labs to build out data centers.”

VERIFIED BY REFERENCE

The provided evidence for Nvidia consists of general company descriptions and product information. There is no mention of a partnership with six firms to secure $500 billion in financing for AI data centers.

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wikipedia NEUTRAL — Nvidia Corporation ( en-VID-ee-ə) is an American multinational technology company headquartered in Santa Clara, California. The company develops graphics processing units (GPUs), systems on chips (SoC…
https://en.wikipedia.org/wiki/Nvidia

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wikipedia NEUTRAL — Nvidia GTC (GPU Technology Conference) is a global artificial intelligence (AI) conference for developers that brings together developers, engineers, researchers, inventors, and IT professionals. Topi…
https://en.wikipedia.org/wiki/Nvidia_GTC

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wikipedia NEUTRAL — Nvidia RTX Spark is an Arm-based system on chip and computing platform developed by Nvidia for Windows laptops and compact desktop computers. Announced by Nvidia and Microsoft on May 31, 2026, RTX Spa…
https://en.wikipedia.org/wiki/Nvidia_RTX_Spark

+ 3 more evidence sources

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Claim 26: “Hims & Hers also posted a net loss of 37 cents per share for Q2, compared with a profit of 17 cents per share in the prior year.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

help

Claim 27: “The analysts kept Under Armour's price target at $5.00.”

INSUFFICIENT EVIDENCE

No evidence was found regarding Barclays' price target for Under Armour.

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.