Stocks making the biggest moves midday: Moderna, ON Semiconductor, Rocket Lab, Eli Lilly, Sandisk & more

Here are the companies making headlines in midday trading. Software stocks – Shares of software companies caught a bid, even as the overall tech sector slumped. The iShares Expanded Tech-Software Sector ETF (IGV) was last up 3%. Microsoft and Salesforce rose more than 4% and Palantir gained 5%. AppLovin jumped 7% and ServiceNow rose 8%. Moderna – Shares of biotech giant jumped 11% after the company detailed a long-term strategy at its annual Science Day , going beyond its vaccine business. Moderna discussed plans for its mRNA-based oncology and rare disease treatments. Healthcare stocks – The healthcare sector of the S & P 500 outperformed, up more than 2% on the day and heading for its best week since 2022. In addition to Moderna, shares of Veeva Systems and Eli Lilly rallied, up 7% each. Biogen rose almost 6%. Crocs – The footwear company nearly 7% on the back of an upgrade from Piper Sandler . The firm lifted its rating on Crocs to overweight from neutral, noting that the stock's valuation is "still inexpensive at 8x [price earnings]." Robinhood – Shares of the brokerage app provider gained 4%. BTIG initiated coverage of Robinhood at a buy rating, saying that the stock is "built to compound." ON Semiconductor , Synaptics — ON Semiconductor slid 23% after it announced an all-stock deal to acquire Synaptics. At nearly $7 billion, it's ON's largest acquisition ever and will increase the company's total addressable market by $30 billion, it estimated. …