In today’s Market Minute, Yahoo Finance anchor Seana Smith highlights the day’s top stock movements.

The Wall Street Journal reports BP (BP) stock is climbing after reports that activist investor Elliott Management has acquired a stake in the company. Elliott Management is expected to drive strategic changes to enhance the company’s performance.

ON Semiconductor (ON) shares are falling following a disappointing fourth quarter earnings report, missing both revenue and profit expectations. The company’s soft first quarter outlook has further dampened investor confidence.

Additionally, Monday.com (MNDY) is surging by over 30% after delivering strong fourth quarter results, beating both revenue and profit estimates. The company provided an optimistic forecast and signaled increased investments in AI efforts for the coming year.

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance’s Market Minute.

This post was written by Angel Smith