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TG Therapeutics, Micron Technology, ChargePoint and more


A ChargePoint station on the Recent Carrollton Branch Library in Recent Carrollton, Md.

Tom Williams | Cq-roll Call, Inc. | Getty Images

Try the businesses making headlines in midday trading.

TG Therapeutics — Shares jumped greater than 9% after the biotech company announced this week that the U.S. Food and Drug Administration approved its treatment for relapsing types of multiple sclerosis in adults.

Micron Technology — Shares of the chipmaker dropped 2% after the stock got downgraded to carry from buy by Argus Research. The firm cited the potential for deep operating losses in upcoming quarters.

GlobalFoundries — Shares of the semiconductor manufacturer lost greater than 1% a day after a report that the corporate will lay off 50 employees from its former California headquarters, in response to the Silicon Valley Business Journal.

ChargePoint — The maker of EV charging technology saw shares rise greater than 4% after Q-GRG VII (CP) Investment Partners bought greater than 1.4 million shares, in response to a filing with the U.S. Securities and Exchange Commission.

Nikola — Shares of the electrical vehicle company fell greater than 6% Friday. The move got here as the corporate announced plans to boost money by selling as much as $125 million of senior convertible bonds.

 — CNBC’s Nick Wells, Alex Harring, Sarah Min and Samantha Subin contributed reporting.

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