Stocks making the biggest moves midday: WGO, TXN, NFLX, BYND
Check out the companies making the biggest moves midday: Vicor — The maker of modular power components soared 25% after third-quarter earnings per share more than doubled the Wall Street consensus. Travel + Leisure — Shares rose nearly 12% after the travel publication reported strong results for the fiscal third quarter. The company earned $1.80 per share, excluding items, beating a FactSet estimate of $1.73 per share. Texas Instruments — The chipmaker dropped more than 5% on disappointing earnings and weak quarterly guidance. The company earned $1.48 per share, missing an LSEG estimate of $1.49 per share. Fourth-quarter profit guidance came in a range of $1.13-$1.39 per share, below the consensus of $1.41 per share. Winnebago Industries — The motorhome manufacturer soared over 25% following a strong fiscal fourth-quarter report. The company reported earnings per share of 71 cents per share, excluding certain items, above the 53 cents per share expected by FactSet. It also reported a revenue of $777.3 million for the quarter, exceeding the $727.8 million consensus. BioAge Labs — Shares rose 13% after the biotechnology company notched an upgrade to buy from Citi due to its innovative obesity treatment. Oklo — The nuclear power development startup dropped almost 14% on a Financial Times story noting its 500% advance in 2025 and $20 billion market value despite “no revenues, no license to operate reactors and no binding contracts to supply power.” Beyond Meat — The plant-based meat alternative company surged 29%, continuing its meme-fueled craze . The stock soared more than 140% on Tuesday, its largest ever one-day gain, after Beyond Meat signed a deal with Walmart to expand distribution. Earlier in the week, Roundhill Investments added BYND to its Meme Stock ETF (MEME) . To be sure, The stock was well off its highs Wednesday. Krispy Kreme — The donut chain gained 8% as meme stock trading activity continued to ramp up. Krispy Kreme shares jumped 14% Tuesday along with other speculative names, including Beyond Meat. Intuitive Surgical — The maker of robotic-assisted surgery systems popped 14% on third-quarter results that beat expectations. Intuitive posted adjusted earnings per share of $2.40 on revenue of $2.51 billion. Analysts expected a profit of $1.98 per share on revenue of $2.4 billion, according to LSEG. Pegasystems — Shares jumped nearly 10% following the software company’s third-quarter earnings. Pegasystems’ adjusted earnings came in at 30 cents per share, versus the 20 cents a share expected from analysts polled by LSEG. Revenue of $381 million topped the $345 million consensus estimate. Capital One — The Virginia’s-based bank’s latest financial results topped Wall Street’s expectation s, sending shares 3% higher. Adjusted earnings came in at $5.95 per share on revenue of $15.36 billion, versus the $4.37 per share on revenue of $15.08 billion expected from analysts, according to LSEG. DraftKings — The stock is up 2% after the sports gambling platform unveiled plans to acquire prediction market platform, Railbird . It will use the trading platform’s technology and management to create its own events contract offering called Draftkings Predictions. Hilton Worldwide — The hotel chain rose 4.8% on stronger-than-expected earnings for the third quarter. Hilton earned $2.11 per share, excluding one-time items, on revenue of $3.12 billion, while analysts polled by LSEG anticipated $2.06 a share and $3.01 billion. Western Alliance — The Arizona-based regional bank added 1.7% after third-quarter earnings of $2.28 per share beat the $2.09 that analysts polled by LSEG had expected. The bank’s $938 million revenue also exceeded an $890 million forecast. Netflix — The largest streaming platform fell 10% after third-quarter earnings of $5.87 per share fell short of analyst expectations. Analysts surveyed by LSEG had estimated $6.97 in earnings per share. Revenue matched expectations, at $11.51 billion. Bitfarms — Shares plunged 14% as investors reacted to the cryptocurrency miner’s plan to issue $300 million in convertible senior notes maturing in 2031. Barclays — Shares rose 5% after the British bank financial institution announced Wednesday a £500 million share buyback in conjunction with its third-quarter earnings. Barclays also raised its guidance, projecting it will deliver a return on tangible equity of more than 11% this year. — CNBC’s Scott Schnipper, Liz Napolitano, Itzel Franco, Alex Harring, Sean Conlon, Yun Li, Lisa Kailai Han and Michelle Fox Theobald contributed reporting
Post Comment