Midday trading has been busy today with several companies making headlines. Trimble, a technology services provider, surged 6.4% after AGCO Corporation revealed that it would acquire an 85% stake for $2 billion. DigitalBridge's stock also advanced 5.8% following an upgrade from JPMorgan. Jefferies Financial Group also rose 2% after the close of the market yesterday, when the company reported 22 cents per share on revenue of $1.18 billion. Additionally, Duolingo experienced a 4.5% surge after UBS issued a buy rating, while Host Hotels & Resorts was given an outperform rating by Wolfe Research and saw its stock climb 3.8%. In contrast, Workday dropped 8.6% due to lower long-term subscription growth targets and Accenture dropped almost 5% after their fiscal fourth quarter was a mixed bag. Micron went down 2.7% after it reported a weaker-than-expected earnings forecast, while Peloton rose 7% following its five-year partnership with Lululemon. CarMax fell 9.5% on lowered demand for used cars, though Concentrix increased 10% after announcing a 10% raise for its quarterly dividend.
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