Dick’s Sporting Goods plummeted more than 27%, heading for its worst day ever, after reporting revenue of $5.59 billion versus the $5.65 billion expected by analysts. Moderna surged 13%, building on last week’s spectacular gains when shares more than doubled following positive trial results for a cancer vaccine developed with Merck. The semiconductor sector rallied, with Marvell Technology rising 5% after Susquehanna and Rosenblatt raised their price targets, while AMD gained 5% following Raymond James’ upgrade to strong buy with a $641 price target. Kura Oncology climbed nearly 10% after CEO Troy Wilson disclosed the purchase of 100,000 shares, and Navitas Semiconductor jumped 5% following a $232.8 million deal with Claros.
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