Midday movers: Mobileye, Chipotle rise; Signet, BioNTech fall

(Updated - March 20, 2024 11:26 AM EDT)

Investing.com -- Main U.S. indexes were flat Wednesday, with investors wary ahead of the latest Federal Reserve monetary policy decision.

Here are some of the biggest U.S. stock movers today:​

Nvidia (NASDAQ:NVDA) stock fell 0.5% in volatile trading after the chipmaker revealed pricing and shipment plans for its hotly anticipated Blackwell B200 chip.

Intel (NASDAQ:INTC) stock rose 0.6% after the Biden administration announced it is awarding the tech giant nearly $20 billion in grants and loans, as it seeks to boost the country's chip output.

Tesla (NASDAQ:TSLA) stock rose 0.8% after the EV manufacturer confirmed it will raise the price of China-produced Model Y vehicles from April 1, suggesting solid demand in this important market.

Boeing (NYSE:BA) stock rose 2.3% despite the aircraft manufacturer’s CFO Brian West indicated that cash flow will be worse than the company had expected even back in January as the troubled plane maker focuses on quality after a spate of incidents.

General Mills (NYSE:GIS) stock rose 1.5% after the processed foods giant posted a smaller-than-expected drop in quarterly sales, backed by higher prices for its breakfast cereals, snack bars and pet food products that helped cushion a blow from slowing demand.

BioNTech (NASDAQ:BNTX) stock fell 6% after the COVID-19 vaccine maker reported a plunge in 2023 revenue and earnings as its focus shifts towards cancer drug development.

Mobileye Global (NASDAQ:MBLY) rose 6.3% after the German auto giant Volkswagen (ETR:VOWG_p) announced it was working with the autonomous driving company to further the development of its self-driving vehicles.

Chipotle (NYSE:CMG) stock rose 5.8% after the burrito chain’s board approved a 50-for-1 split of its common stock, opening up the opportunity for more potential investors to buy into the company.

JetBlue (JBLU) stock rose 2% after the carrier announced plans to cut a number of its routes and markets to improve its financial performance.

Signet Jewelers (NYSE:SIG) stock fell 11% after the world’s largest retailer of diamond jewelry reported a sharp drop in sales in the important fourth quarter, particularly in North America.

Nasdaq, Inc. (NDAQ) fell 2% after it announced the pricing of a secondary offering by Borse Dubai of 26,956,522 shares of its common stock at $59 per share.

Additional reporting by Louis Juricic