Wall Street has plenty to digest at midday, with fresh inflation and economic data driving today’s price action. Below, we’ll take a closer look at three stocks making outsized moves on the New York Stock Exchange (NYSE), all while attracting heavy options activity.
Ketchup Stock Dips on Bear Note
Shares of Kraft Heinz Co (NYSE:KHC) are sliding 1.3% to trade at $21.90 this afternoon, testing recent support at the $22 level, which has captured several pullbacks since January. Driving the stock lower is a price-target cut from Wells Fargo to $23 from $25.
KHC options are red-hotin response, with over 91,000 contracts exchanged so far, roughly three times the average intraday rate, with the broader market sentiment leaning extremely bearish. KHC has shed 10% in 2026.
Election Shock Sends Petroleum Stock Surging
Brazilian petroleum giant Petróleo Brasileiro (NYSE:PBR), also known has Petrobas,is climbing 13.5% in afternoon trading. Shares are trading just shy of $25, after Brazil saw a shocking election result, in which right-wing Senator Flavio Bolsonaro won in the first round of the presidential race.
PBR has more than doubled its value in 2026, today gapping to levels not seen since late 2012, earlier as high as $24.68. Options are also surging, with 94,357 traded, nearly double the usual pace.
Bond Offering Dings Semiconductor Stock
United Microelectronics Corp (NYSE:UMC) is sliding 9.6% to trade at $23.74, after the Taiwan-based semiconductor giant priced $1.8 billion in convertible bonds, with plans to fund equipment and plant growth.
Options traders are entering in droves, with 65,135 contracts traded by midday, 4.6 times the average intraday pace. Sentiment is leaning bearish, with investors looking ahead to the company's earnings report, slated for Oct. 28.
Join thousands of traders who make more informed decisions with our premium features.
Real-time quotes, advanced visualizations, alerts, and much more.