Stocks making the biggest moves midday: Spotify, United Parcel Service, Pentair and more

Here are the corporations making waves during the midday trade:

Spotify Technology’s shares soared by 12% following a second-quarter report that outperformed expectations. Analysts maintain a moderate optimism, despite a slight slump in active user counts, drawing attention to an excellent margin performance and the company’s focus on bundled services and premium subscribers.

United Parcel Service has experienced a decrease of over 12%, reaching a new 52-week low, after disappointing both in revenue and earnings per share during the second quarter. Despite these results, shares were on track for their worst trading day in history.

MSCI saw a 9% stock increase after second-quarter earnings surpassed Wall Street predictions.

Pentair’s shares increased over 7%, on track for a record close, after outperforming the second-quarter estimates. The company also raised its full year guidance.

After falling short of the second quarter earnings estimates, shares of NXP Semiconductors dropped by over 9%.

Crown Holding’s stock surged over 8% after outperforming second-quarter earnings estimations and raising its full-year guidance.

Danaher’s shares climbed over 6% after second-quarter earnings and revenue exceeded expectations, with the CEO expressing satisfaction with the sustained positive momentum in their business.

Inter Parfums saw more than a 6% jump in stock after the fragrance manufacturer revealed record net sales for the second quarter.

Comcast shares decreased by 5% after mixed second quarter results.

Shares of Zions Bancorporation surged 5.8% after the second-quarter earnings exceeded Wall Street expectations.

Shares of General Motors decreased by over 6% after the company announced it’s slowing down its plans for all-electric vehicles by further delaying their second U.S. electric truck plant and the Buick brand’s first electric vehicle.

Shares of GE Aerospace rose more than 7% after second quarter earnings exceeded expectations.

Sherwin-Williams’ shares rose over 4% after the company’s earnings for the second quarter outperformed expectations.

Lockheed Martin’s stock increased about 3% after the defense company exceeded earnings and revenue expectations, also raising its full year forecasts.