Top performing stocks at midday: Planet Fitness, AMC, Airbnb, Roblox and others

Companies in the stock market were making headlines in midday trading with notable movements in their share prices. Planet Fitness saw a 5.6% jump after exceeding analysts’ expectations in first-quarter earnings. Yeti, the drinkware maker, surged 12.8% on the back of strong financial results and raised its full-year guidance. However, British chip designer Arm’s shares fell 2.3% after issuing revenue guidance that disappointed investors. Klaviyo, a data stock, soared 11.8% on strong guidance for the second quarter, while Airbnb tumbled 6.9% after offering weaker-than-expected guidance.
AppLovin, a mobile technology company, saw a 14.5% increase in its share price following better-than-expected first-quarter earnings. Conversely, alternative energy company SolarEdge lost 8.5% after posting a wider-than-expected loss in the first quarter. AMC Entertainment experienced a 4.4% drop in share price after reporting a decline in revenue and attendance in the first quarter. Duolingo’s shares slid 18% despite beating Wall Street expectations, while Bumble’s shares moved 11.4% higher after exceeding earnings and revenue expectations.
Warby Parker, the eyewear maker, surged 18% after exceeding expectations in its first-quarter results. Tapestry, the parent company of Coach and Kate Spade, reported better-than-expected earnings in its fiscal third quarter, leading to a 3.6% rise in share price. Video game developer Roblox sank more than 22.1% after cutting its annual bookings guidance. Logistics stock Forward Air plunged 22.1% after reporting a bigger loss than expected in the first quarter. The Cheesecake Factory saw a 6.2% rally in share price after beating earnings estimates, while buy-now-pay-later stock Affirm bounced back 10.2%.
In the railroad sector, Norfolk Southern fell 2.5% after shareholders elected three board members nominated by activist investor Ancora but failed to oust incumbent CEO Alan Shaw. Data center real estate investment trust Equinix climbed 11.5% after reporting an earnings beat for the first quarter. Overall, these companies demonstrated a mix of positive and negative movements in their share prices, driven by factors such as earnings reports, guidance updates, and market conditions. Investors will continue to monitor these companies closely for further developments that may impact their stock performance.