Stocks making the biggest moves midday: Bath & Body Works, Robinhood, Macy’s and more
Take a look at the corporations making waves in midday trading.
— Making an impressive 16% climb, this personal care company from Ohio is having its best day since November 2022. The company has upped its projected full-year adjusted profit, expecting a lesser decline in yearly sales due to a robust demand for personal care goods and fresh store initiatives.
— The financial services player saw a 5% surge following an upgrade to overweight by Morgan Stanley, attributing the bump to potential advantages of Trump’s upcoming second term in the presidency.
— This New York-based retailer experienced a 3% loss, postponing the release of their full third-quarter results due to an employee’s deliberate misreporting of delivery expenses. The company has assured that these accounting discrepancies don’t affect their cash position, but their third-quarter sales fell by 2.4% to $4.74 billion.
— The retail giant’s shares saw a 4.6% rise after being named a top pick by Oppenheimer, marking an attractive possibility for the stock that has dipped about 12% this year.
— AGCO’s shares soared 5% after Tractor & Farm Equipment Ltd., the company’s biggest shareholder and board member, advocated for a separation of the roles of chairman and CEO to better serve shareholder interests.
— The tech corporation’s shares rose by over 3% following reports of the company being in discussion with the Commerce Department over an $8-billion grant through the CHIPS Act.
— The Minneapolis-based bank saw a 2% rise post an upgrade to buy status from neutral at Citigroup, attributing it to the bank’s spending turnaround.
— Jumping 4% ahead of its third-quarter earnings, the retail company is expected to report quarterly earnings of $2.39 per share and revenue of $1.19 billion.
— The U.K. chip designer’s shares increased by 4% after UBS started coverage with a buy rating, anticipating growth across end markets and data centers driven by AI.
— The Spanish bank’s ADRs experienced a 2% rise after Morgan Stanley upgraded it to overweight status, citing a resilient regional footprint and improved capital generation.
— The capricious AI server stock rose 11% after announcing BDO as its new auditor and sharing plans to retain its Nasdaq listing.
— The biotech company skyrocketed by 34% after rival Biohaven’s drug failed to yield considerable results in treating spinal muscular atrophy, leading Piper Sandler, Truist Securities, and Wedbush to raise their Scholar Rock price targets.
