Stocks making the biggest moves midday: Walgreens Boots Alliance, Levi Strauss, International Paper and more
Discover the corporations making midday trading news:
Walgreens Boots Alliance’s shares have taken a significant tumble over 24.5% upon revealing third-quarter financial results that did not meet what Wall Street had predicted. In addition to this, the retail giant announced a dip in its full-year adjusted profit forecasts and plans to close struggling stores as a cost reduction strategy. CVS’s shares have similarly gone down by over 4%.
Levi Strauss’s shares have fallen by 17.1% with their second fiscal quarter revenue of $1.44 billion not quite reaching the analyst’s consensus forecast of $1.45 billion as polled by LSEG.
International Paper’s stock has dropped close to 8% following Suzano’s decision to halt potential acquisition plans of the company.
Hims & Hers Health, the telehealth company, saw a 10.3% decrease in its stock after a report by Hunterbrook Media claimed potential issues with the company’s sale of weight loss medication.
RH, on the other hand, experienced a 5.6% increase in their shares after CEO Gary Friedman purchased $10 million worth of company shares, raising his ownership stake to over a quarter of all outstanding shares.
Micron Technology’s stock dropped almost 7% following their guidance that aligned with expectations, disappointing those hoping for a more optimistic outlook amidst the AI demand surge.
AeroVironment, the unmanned aerial vehicle manufacturer, witnessed a nearly 16% plunge in its stock after the company’s fiscal 2025 EBITDA guidance was 5% short of analyst’s expectations according to FactSet, despite earning and revenue exceeding expectations in the fourth quarter.
Arista Networks’ shares are up 4.3% after Citi increased its price target, citing the potential benefits the company will reap from ethernet’s growing market share in AI networking.
Goldman Sachs’ stocks slightly dropped around 2% after the Federal Reserve’s stress test. The central bank confirmed that all 31 tested banks can withstand a severe recession scenario.
