Stocks making the biggest moves midday: DELL, ARWR, URBN
Check out the companies making the biggest moves midday: Arrowhead Pharmaceuticals — The stock popped 19% after the biopharmaceutical company reported fiscal year revenue that beat analyst expectations. Arrowhead’s top line for the period totaled $829.4 million, beating a FactSet consensus of $861.2 million. Last week, the company announced it created the first and only FDA approved medicine to treat complications related to familial chylomicronemia syndrome. Cleanspark — The bitcoin mining company rose more than 4% after reporting revenue of $766.3 million for the fiscal year 2025, a 102% increase from the year-earlier period. Kohl’s — The department store chain jumped almost another 7% one day after soaring 43% in the wake of better-than-expected third-quarter earnings per share excluding one-time items, revenue and a narrower-than-forecast decline in same-store sales. Embecta — The insulin injection device maker fell 6%, adding to its 7% pullback from Tuesday. The stock fell in the previous session after the company’s fiscal fourth-quarter results and full-year guidance failed to impress investors. Deere — The seller of farm equipment dropped 5% even after posting fiscal fourth quarter results that exceeded estimates. Deere reported earnings of $3.93 per share on revenues of $10.58 billion. Analysts polled by LSEG had anticipated per-share earnings of $3.85 on revenues of $9.85 billion. Dell Technologies — Shares rose 4.5% following upbeat guidance that was driven by strong AI sales expectations. Dell said it was expecting $31.5 billion in sales for the fourth quarter, topping analyst an LSEG consensus forecast of of $27.59 billion. Urban Outfitters — The apparel retailer surged roughly 12% following third-quarter results that exceeded expectations. Urban Outfitters earned $1.28 per share on revenue of $1.53 billion. That topped calls for $1.20 per-share earnings on revenue of $1.47 billion, according to consensus estimates from LSEG. Autodesk — The software company gained 3% after posting third-quarter earnings of $2.67 per share, on an adjusted basis, with revenue of $1.85 billion. Analysts polled by FactSet expected earnings of $2.50 per share on revenue of $1.81 billion. Petco Health & Wellness — The pet retailer soared 12% after Petco hiked its guidance for full-year adjusted EBITDA of $395 million to $397 million, from prior guidance of $385 million to $395 million. NetApp — The data infrastructure company fell 3% even after NetApp posted fiscal second-quarter earnings and third-quarter guidance that surpassed expectations. NetApp earned $2.05 per share, on an adjusted basis, better than the $1.89 per-share earnings forecasted by analysts polled by LSEG. Revenue of $1.71 billion also topped the predicted $1.69 billion. The stock initially rose before losing steam. HP — The PC and printer maker lost more than 2% after it firm said it will lower its headcount by 4,000 to 6,000 people . The company also issued a lower-than-expected earnings projection for the new fiscal year. Zscaler — The cloud security company’s shares slid 12% after Zscaler posted an operating loss. However, Zscaler beat first-quarter expectations on the top and bottom lines, and also issued a rosy full-year outlook. Nutanix — The cloud computing company tumbled 15% after its fiscal first-quarter revenue missed expectations and it slashed its outlook for the full fiscal year. Nutanix now anticipates revenue in the range of $2.82 billion to $2.86 billion for fiscal 2026, versus its prior guidance of $2.9 billion to $2.94 billion. Analysts polled by FactSet were expecting guidance of $2.92 billion. PagerDuty — The cloud company shed 23% on mixed third-quarter results. PagerDuty earned 33 cents, excluding certain items. That topped a FactSet estimate of 25 cents per share. Revenue of $124.5 million, however, was just below a consensus forecast of $125 million Workday — The HR software maker fell 10% on underwhelming guidance for the company’s fiscal third quarter and year. For the current quarter, Workday sees subscription revenue of around $2.235 billion, just below a FactSet estimate of $2.24 billion. For the fiscal year, it expects sales from subscriptions around $8.815 billion. Analysts expected a forecast of $8.8 billion. Ambarella — Shares of the fabless semiconductor maker dropped 14% even after the company posted third-quarter results that beat expectations. Ambarella earned an adjusted 27 cents per share on revenue of $109 million. Analysts expected a profit of 21 cents per share on revenue of $104 million. — CNBC’s Michelle Fox, Alex Harring, Scott Schnipper and Yun Li contributed reporting
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