ADBE ULTA PODD KLAR OFRM
Check out some of the companies making the biggest moves midday: Adobe — The software giant saw shares tumble more than 5%. CEO Shantanu Narayen said that he would step down from his post after a successor has been named. Narayen will remain as chair of the company’s board. He has been Adobe’s CEO since 2007. The news overshadowed first-quarter beats on the top and bottom lines. Fertilizer stocks — Shares of fertilizer companies gave back some of this week’s earlier gains that came on expectations the Strait of Hormuz disruptions will continue, disrupting key industrial inputs and pushing prices higher. Intrepid Potash shed about 8% and Mosaic and CF Industries both dropped around 4%. Ulta Beauty — The beauty products retailer lost 12% after reporting weak earnings results . In its fourth quarter, Ulta earned $8.01 per share, falling short of the $8.03 per share that analysts polled by LSEG were expecting. Revenue of $3.9 billion was ahead of the $3.8 billion that the Street expected. Once Upon A Farm — The baby food company co-founded by actress Jennifer Garner tumbled 8% after reporting its first earnings since going public in February. Once Upon a Farm guided full year 2026 adjusted EBITDA of $2 million to $4 million, versus $6.6 million in the fourth quarter of 2025 alone. Full year revenue was pegged at 25% to 29% growth against 30% in the fourth quarter. Insulet — The maker of continuous glucose monitoring devices lost 7% after recalling some of its Omnipod 5 pods. The company said some batches have a small tear in the internal tubing that can result in patients not receiving the intended dosage of insulin. Several users were hospitalized but no deaths have been reported. The issue is strictly limited to specific lots, and other Omnipod 5 products remain safe to use, Insulet said. ServiceTitan — The company, which describes itself as the “operating system” for home service businesses like HVAC, plumbing, and electrical contractors, tumbled 6% Friday, but remains 12% higher over the past month. Management announced plans to double the capacity of its Max program in the current quarter, “with plans to further expand over the course of the year.” FactSet’s StreetAccount service said forward guidance largely matched Street estimates, “though analysts note more conservative than anticipated.” Klarna — The payments company’s stock popped more than 10% after board chair Michael Moritz purchased about $50 million of Klarna stock. David Fock, its chief product and design offer, bought nearly $389,000 of stock, according to Securities and Exchange Commission filings. The purchases follow a weak stretch for the stock, which has plunged more than 44% year to date. AdaptHealth – The network of medical equipment companies saw shares jump 6% after one of its shareholders disclosed a large stock purchase . Richard Cashin’s One Equity Partners revealed buying roughly 2 million shares of AdaptHealth, valued at about $20 million. Crypto stocks — The stocks moved higher on the back of bitcoin’s nearly 2% gain. Strategy advanced 3% and Coinbase rose 2%, while Mara Holdings jumped 9%. Nio — U.S.-listed shares of the Chinese electric-vehicle maker moved 5% higher on the back of an upgrade at HSBC. The bank said improving profitability and new model launches could boost earnings. EverCommerce – The commerce platform with a focus on small businesses saw shares tumble nearly 16%. EverCommerce issued soft first-quarter guidance, calling for adjusted EBITDA of $39 million to $41 million and revenue of $145.5 million to $148.5 million. Analysts polled by FactSet had estimated $44.9 million in EBITDA and $151.2 million in revenue. — CNBC’s Pia Singh, Fred Imbert, Darla Mercado, Christina Cheddar-Berk, Michelle Fox and Lisa Kailai Han contributed reporting. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds – from financial professionals to everyday individuals – come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you’re starting from, you’ll leave with clearer thinking, stronger strategies. Enter your email here to get a discount code.
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