Stocks making the biggest moves midday: WBD, BYND, GM
Check out the companies making the biggest moves midday: Warner Bros Discovery —The HBO and CNN owner surged more than 12% after saying it was open to a sale . The WBD board ” will evaluate a broad range of strategic options ,” from pursuing a planned separation of the company by mid-2026, a sale of the entire company or separate deals for Warner Bros. or Discovery Global. Beyond Meat — The plant-based meat products maker rallied more than 40% , adding to Monday’s 127% surge — which was its best one-day gain ever. The moves are reminiscent of the swings it saw in 2021, when retail traders tried to send Beyond Meat shares “to the moon.” Cleveland-Cliffs — The mining company dropped more than 16%, giving back most of its gain from the previous session, following a downgrade to underweight from equal weight at Wells Fargo. The bank said Cleveland-Cliffs’ 21% surge on Monday was an overreaction by investors to the miner saying it would explore rare earth metals mining. Danaher — The global life sciences and diagnostics device company jumped 8.4% after its third-quarter financial results beat Wall Street’s expectations. Earnings came in at $1.89 per share, topping the $1.72 expected from analysts polled by FactSet. Revenue was $6.05 billion, versus the $6 billion consensus estimate. Spotify — The streaming giant rose 2.1% after Morgan Stanley named it one of its top picks and reiterated its overweight rating on the stock. The company is “poised to accelerate growth into next year” after having added value to its free and Premium tiers, the firm said in a note. General Motors — The Detroit automaker jumped 15% after raising its full-year guidance and posting an earnings beat. GM earned an adjusted $2.80 per share its third quarter, versus the $2.31 a share expected from analysts polled by LSEG. Revenue was $48.59 billion, compared to the $45.27 billion consensus estimate. The company now expects full-year adjusted EPS to come in between $9.75 to $10.50, up from its prior guidance of $8.25 to $10. Coca-Cola — The beverage and snack giant’s third-quarter earnings and revenue topped expectations, sending shares 3.3% higher. Adjusted earnings were 82 cents per share on revenue of $12.41 billion. Analysts were anticipating adjusted earnings of 78 cents a share on revenue of $12.39 billion, per LSEG. 3M — The maker of Post-it sticky notes rose 5.6% on quarterly results that beat analyst expectations. 3M earned $2.19 per share, excluding certain items, on revenue of $6.32 billion. Analysts polled by LSEG expected earnings of $2.08 per share on revenue of $6.25 billion. Crown Holdings — The stock is up 4% after the metal packaging products manufacturer posted better-than-expected earnings for the third quarter,. The company earned an adjusted $2.24 per share on revenue of $3.2 billion. Analysts polled by FactSet expected a profit of $1.99 per share on revenue of $3.14 billion. Zions Bancorp — The regional bank climbed more than 2% after its third-quarter report appeared to ease concerns around the company’s exposure to bad loans. Zions earned $1.48 per share. However, that wasn’t comparable to an LSEG estimate of $1.41 per share. Net interest income came in at $672 million for the period. EPAM Systems — The software company gained 6.9% following the announcement it will be buying back up to $1 billion worth of its outstanding stock. Gold and silver miners — Mining companies slipped as the price of gold and silver fell. Coeur Mining and Hecla Mining lost 14.6% and 10%, respectively. First Majestic Silver shed 10% as well, along with Pan American . Newmont both dropped 9%. RTX — Shares jumped 9% after the aerospace and defense company posted earnings results that topped expectations. RTX reported third quarter earnings of $1.70 per share, adjusted, on revenues of $22.48 billion. Analysts had expected per-share earnings of $1.41 on revenues of $21.31 billion. Philip Morris International — The tobacco giant fell 8% even after the company failed to raise the upper range of its 2025 EPS guidance, possibly disappointing some investors. Philip Morris did report third-quarter results that exceeded expectations, however. GE Aerospace — The aerospace company rose more than 2% after it posted better-than-expected third-quarter earnings and revenue. For the period, the company posted adjusted earnings of $1.66 per share on revenue of $11.31 billion, above the $1.45 per share and $10.41 billion in revenue that analysts surveyed by LSEG were looking for. — CNBC’s Scott Schnipper, Michelle Fox, Pia Singh, Sean Conlon, Alex Harring, Sarah Min and Liz Napolitano contributed reporting.
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