Check out the companies making headlines in midday trading: Disney — The media stock popped 7% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. The company said it expects high-single-digit adjusted earnings growth in fiscal 2025. Capri , Tapestry — Both luxury apparel stocks rose after the companies called off their planned merger , citing regulatory hurdles. Shares of Tapestry jumped nearly 13%, while Capri added 2.5%. Hims & Hers Health — The telehealth stock dropped 14% after Amazon revealed Prime users can now access fixed pricing of treatment for conditions such as men’s hair loss. The offering puts the company in direct competition with Hims & Hers Health. Super Micro Computer — The artificial intelligence server stock slumped more than 6% and headed for its fifth straight losing session. The company said this week that it delayed the filing of its report for the period that ended Sept. 30 . Shares are down 22% since the start of the week and 34% since the start of November. ASML Holding — Shares popped 5% after the Dutch semiconductor equipment maker maintained its 2030 targets at its 2024 Investor Day, driven by AI and other critical industry trends. Cisco Systems — The cybersecurity stock fell 1.9%. The company topped Wall Street’s quarterly estimates and raised its full-year guidance, but posted its fourth consecutive quarter of declining revenue. Revenue in the prior quarter fell 6% year over year. Charles Schwab — Shares of the brokerage firm gained 3.6%. Charles Schwab said total client assets hit $9.85 trillion in October, representing a 39% year-over-year increase. Norfolk Southern — Shares of the railroad operator fell 1% after reaching a settlement with activist Ancora to avoid a proxy fight. American Airlines — The airline stock rose more than 3% after Barclays upgraded shares to equal weight from underweight, citing an improving business travel setup and better credit card agreements. Campbell Soup — Shares gained more than 1% after Piper Sandler upgraded the consumer staples company to an overweight rating, citing a promising growth outlook due in part to its recent acquisition of sauce maker Rao’s. Ibotta — Shares of the digital rewards platform sank more than 16% on disappointing fourth-quarter guidance. Ibotta said it expects fourth-quarter revenue to range between $100 million and $106 million, versus a FactSet estimate of $110.3 million. CNH Industrial — Shares rose more than 6% after Greenlight Capital’s David Einhorn revealed at CNBC’s Delivering Alpha conference that he took a medium-sized position in the agricultural equipment company. Advance Auto Parts — The auto parts provider popped 6.3% after announcing plans to close more than 500 corporate stores and 200 independent locations. It also plans to shutter four distribution centers. — CNBC’s Jesse Pound, Pia Singh, Alex Harring, Hakyung Kim and Sean Conlon contributed reporting.
Stocks making the biggest moves midday: TPR, CPRI, DIS
Categories:
Related Post
Stocks making the biggest moves after hours: BOK Financial, Medpace, Zions Bancorporation, MongoDB and moreStocks making the biggest moves after hours: BOK Financial, Medpace, Zions Bancorporation, MongoDB and more
These are the stocks posting the largest moves in after-hours trading.
Bond buying on bets for Fed cutting cycle ‘misplaced,’ MRB Partners says By Investing.comBond buying on bets for Fed cutting cycle ‘misplaced,’ MRB Partners says By Investing.com
Invesitng.com — Investors continued to buy on bets for a meaningful Fed rate-cutting cycle, but these hopes remain “misplaced,” as inflation remains sticky, investment research firm MRB Partners said in a
Trump or Harris? 2024 stakes for America’s businessesTrump or Harris? 2024 stakes for America’s businesses
Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. Getty Images With the U.S. election less than a month