Stocks making the biggest moves midday: Carnival, Nasdaq, Oracle, KeyCorp and more

Check retired the companies making the biggest moves midday:

Carnival — The banal rallied 13% aft it was upgraded by JPMorgan to overweight from neutral and by Bank of America to buy from neutral. The erstwhile cited continued demand momentum successful the cruise industry. Other cruise stocks besides got a boost, with Norwegian Cruise Line gaining astir 9% and Royal Caribbean adding 2%.

Chinook Therapeutics — Shares soared 58% aft Novartis announced it has agreed to acquire the biotech steadfast for up to $3.5 billion. Chinook Therapeutics' shareholders volition get $40 per share, astir 67% higher than wherever the banal closed Friday. They whitethorn besides get an further $4 per stock successful currency done contingent worth rights.

Nasdaq — Shares fell 11% aft the speech relation announced it was buying Adenza, the bundle steadfast owned by Thoma Bravo. The woody is valued astatine astir $10.5 billion.

SentinelOne — The cybersecurity banal popped 7.6% aft Morgan Stanley upgraded shares to overweight and called SentinelOne a "long-term stock gainer" contempt its caller execution troubles.

Oracle — Shares of the IT unreality bundle institution gained 5.5% up of its quarterly net announcement scheduled for aft the bell. Wolfe Research upgraded shares to outperform from adjacent execute successful a Sunday note, citing the company's early-mover vantage successful the artificial quality boom.

Catalent — The banal jumped astir 8% aft reporting delayed fiscal third-quarter results earlier the bell. The pharmaceutical institution posted a nonaccomplishment of 9 cents per diluted share, excluding items, and gross of $1.04 billion. It's unclear if they are compatible with FactSet's statement estimates connected gross and EPS. CEO Alessandro Maselli said the fundamentals of the concern stay strong.

Nio — The Chinese electrical car maker's banal added 9% aft Nio said it was cutting prices for its vehicles and ending escaped artillery swaps for caller buyers. The institution is besides delaying superior expenditure projects, it said past week. Nomura assumed sum of Nio with a neutral standing connected Sunday, aft antecedently standing it a buy.

Illumina — Shares of the biotech institution roseate 2.6%. Illumina announced a alteration successful enactment connected Sunday. CEO Francis deSouza resigned, efficaciously immediately, but volition enactment connected successful an advisory capableness done July. The institution said it is exploring some interior and outer replacement candidates. The alteration comes aft a heated proxy combat with activistic capitalist Carl Icahn.

KeyCorp — The determination slope banal slipped astir 6% aft the institution said astatine an capitalist league that nett involvement income is going to travel successful softer than expected based connected backing premix and deposit outgo pressures.

— CNBC's Hakyung Kim, Alex Harring, Samantha Subin and Jesse Pound contributed reporting.