Stocks making the biggest moves midday: PLAB, AVAV, CART, GEV
Check out the companies making the biggest moves midday: Photronics — The maker of flat panel display components rallied more than 37% on better-than-expected results for its fiscal fourth quarter. Photronics’ first-quarter earnings guidance also exceeded estimates. Maplebear — The grocery delivery platform stumbled 6% after Amazon announced in a blog post that its same-day perishable grocery delivery service, a direct competitor to Instacart, has expanded to more than 2,300 cities and towns. Amazon said that since August, it has grown its perishable selection available for same-day delivery by over 30%, and expects continued expansion to more areas in 2026. Meanwhile, a separate study released Tuesday found that Instacart uses artificial intelligence pricing tools that caused price discrepancies among identical products from the same store. United Natural Foods — The wholesale food distributor fell more than 7% after it released financial targets through 2028. United Natural Foods expects net sales to grow on average by low single digits on average in that time. Dave & Buster’s — Shares of the entertainment venue operator surged 15.5%. Despite the company missing analyst expectations on both lines for the third quarter, adjusted EBITDA came in higher than Wall Street anticipated. Even with Wednesday’s rally, shares are still down more than 28% in 2025. AeroVironment — The drone maker slid more than 11% on the back of a fiscal second-quarter earnings miss. AeroVironment earned 44 cents per share, well below an LSEG estimate of 78 cents per share. GE Vernova — Shares of the energy giant jumped 14% after it said 2025 revenue was trending toward the higher end of its guidance. The company also doubled its quarterly dividend to 50 cents per share from 25 cents per share. GameStop — The video game retailer and meme stock fell 3% after the company posted its third-quarter results. GameStop earned an adjusted 24 cents per share on revenue of $821 million. Revenue was lighter than one analyst’s estimate expecting north of $900 million. EchoStar — The satellite communications stock rose more than 6% following an upgrade to overweight by Morgan Stanley. “As a seller of spectrum, SATS shares are either immune or stand to benefit from rising competition among US wireless carriers, creating a unique risk/reward relative to the broader industry,” analysts at the bank said. — CNBC’s Lisa Han and Alex Harring contributed reporting.
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