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Stocks with the biggest midday movements: Five Below, Salesforce, Lululemon, Instacart, and others

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In midday trading, several companies were making headlines for various reasons. Five Below saw its shares drop after falling short of revenue estimates and offering disappointing guidance for the current quarter. Salesforce, on the other hand, saw its stock rise following news that a board member and co-CEO of activist investor ValueAct had increased his stake in the software company. Lululemon’s stock added around 4.8% after reporting an earnings beat, with profit per share exceeding analyst expectations. Sprinklr’s shares sank more than 15% after issuing weaker-than-expected guidance for both the current quarter and full year.

Old Dominion Freight Line saw its shares drop 3.3% after reporting cooling tonnage growth, while Smartsheet’s stock surged over 17% following first-quarter earnings results that topped Wall Street’s expectations. Instacart’s stock jumped more than 9% after announcing a share repurchase program, while J.M. Smucker’s stock rose about 4.6% following a better-than-expected earnings report for its fourth quarter of fiscal 2024. Fluence Energy’s stock slipped about 7.6% following a downgrade to neutral from buy at Guggenheim, while Ultragenyx Pharmaceutical saw a nearly 1% increase after a Goldman Sachs upgrade to buy from neutral.

StoneCo, a financial technology company, saw its shares rise around 2.3% after JPMorgan upgraded the stock to overweight from neutral. Overall, these companies are experiencing a range of stock movements based on their recent earnings reports, guidance, and other factors affecting investor sentiment.

In summary, the midday trading session saw a mix of stock movements for various companies. Five Below, Salesforce, and Lululemon were among the companies making headlines for both positive and negative reasons related to their financial performance and guidance. Other companies such as Smartsheet and Instacart experienced significant stock movements following their earnings reports and announcements. Overall, investors are closely monitoring these companies for any further developments that could impact their stock prices in the coming days and weeks.

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