ADSK, AVGO, AMCX and other stocks

Welcome to Extreme Investor Network, where we strive to bring you the latest and most valuable information in the world of finance. Today, we are taking a closer look at the companies making headlines in midday trading.

Virgin Galactic, the struggling space company, saw a 14.6% slide in its stock as the 1-for-20 reverse stock split took effect. The company has been working to raise its stock price above $1 a share after a steady decline over the past few years. Virgin Galactic made the decision to pause spaceflight operations this year to focus on developing its next-generation Delta-class spacecraft.

AMC Networks witnessed a sharp plunge of more than 35% after announcing plans to sell $125 million in convertible senior notes due 2029 in a private offering to institutional buyers.

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Xponential Fitness experienced a surge of over 34% after appointing Mark King as CEO, effective immediately. The company also announced that Brenda Morris, the interim CEO, will continue to serve on its board of directors.

Autodesk saw a 6.5% increase in its shares following activist fund Starboard Value taking a $500 million stake in the software company.

Broadcom’s stock continued to rise, gaining around 5.4% during Monday’s session and surging over 35% for the month. The chipmaker beat earnings and revenue estimates for the second fiscal quarter and announced a 10-for-1 stock split.

These are just a few of the companies making waves in midday trading. Stay tuned to Extreme Investor Network for more updates and analysis on the dynamic world of finance.

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