Stocks making the biggest moves midday: Dollar General, Affirm, Best Buy and more

Explore the businesses that are turning heads in the middle of the day’s trading.

Dollar General’s shares took a major hit, plunging nearly 30% after the reduction in yearly sales and profit forecast. CEO Todd Vasos attributed diminished sales trends to financially distressed core customers. Their fiscal Q2 results also fell short, leading to a 9% drop in competitor Dollar Tree’s shares.

Affirm saw a remarkable 34% rise in shares due to a robust revenue forecast for fiscal Q1, exceeding analyst predictions.

Best Buy’s stock shot up 15%. An upward revision in the earnings forecast for the year led to this surge. The company now foresees adjusted earnings between $6.10 and $6.35 per share, a hike from the earlier $5.75 to $6.20. Q2 results were also above expectations.

Nutanix’s stock soared by 20% after surpassing expected earnings and revenue for fiscal Q4.

Shares of Okta, the secure identity cloud platform, took a sharp 16% fall. The billing figures didn’t meet analysts’ consensus predictions.

Birkenstock’s shares dipped 16%, despite confirming its full-year revenue guidance, predicting about 19% growth.

Data storage company Pure Storage saw its shares sink 13% due to third-quarter operating income guidance being lower than analyst estimates.

Nvidia’s shares slid over 3% even as it exceeded fiscal Q2 expectations. A lackluster revenue forecast for Q3, however, disappointed investors.

Veeva Systems saw a nearly 9% rise in shares following the beating of anticipated earnings and revenue for Q2.

Shares of Crowdstrike, the cybersecurity company, rose 5% following stronger-than-anticipated Q2 earnings and revenue.

HP Inc. saw its shares advance over 4% due to higher-than-expected Q3 revenue.

Lastly, Victoria Secret’s shares took a slight dip of over 1%, as the company’s raised full-year outlook still projected a 1% drop in net sales.