Stocks making the biggest moves midday: Dollar Tree, GitLab, Zscaler and more

Midday Trading Headlines:

Dollar Tree’s stocks take a serious 20% plunge following a reevaluation of its full-year predictions for net sales and adjusted earnings. The reason? Increased pressure on customers from middle to high-income class.

GitLab sees a remarkable 17% boost in its stock, thanks to a promising third-quarter earnings outlook. The software developer outdoes expectations with its full-year sales predictions.

Zscaler experiences a setback with an 18% decrease in stock. The Cloud Security giant’s fiscal first-quarter earnings outlook falls short of expectations.

AST SpaceMobile’s shares shoot up by over 19% on the back of an announcement. Five commercial satellites dubbed BlueBird set to provide worldwide cellular broadband service are primed for launch.

Asana’s shares dip by 8% due to weaker forecasts for the third-quarter and the full year than anticipated.

Dick’s Sporting Goods struggles, with a 6% drop in stocks. The company’s full-year guidance isn’t as promising as analysts had hoped.

Hormel Foods takes a hit, with a 7% decrease in shares. The food company’s fiscal third-quarter revenue did not meet expectations, causing a revision in its full-year forecast.

Sweetgreen sees a 4% increase in stocks following an upgrade at TD Cowen. The triggering factor? The launch of the fast-casual chain’s Infinite Kitchens concept.

ASML suffers a nearly 4% drop in shares after a UBS downgrade. Lower earnings growth from 2026 due to demand normalization and a plateau in litho intensity are cited as reasons.

AMD sees a 3% resurgence in stock, bouncing back from losses noted in the previous session.