Stock Market
Stocks making the biggest moves midday: DIS, SG, CSCO, PLNT
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4 months agoon
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Check out the companies making headlines in midday trading: Planet Fitness — The gym chain jumped about 4% after it issued guidance for the fiscal years 2026 through 2028. Planet Fitness expects new club unit growth to range between 6% and 7% in that time, while adjusted EBITA expands in the “mid-teens percent” compounded annually. Sweetgreen — Shares of the salad chain rose nearly 8% after co-founder and chief concept officer Nicolas Jammet bought about $1 million worth of stock. Sweetgreen shares have been battered by weakening traffic at its restaurants and are down more than 80% year to date. Sealed Air — Shares jumped 19% on reports that Clayton Dubilier & Rice is considering an acquisition of the packaging company. The buyout firm has held talks with Sealed Air about its interest in taking the company private, according to Bloomberg . BioNTech — Shares fell 6% after Bloomberg reported Pfizer would sell its remaining holding in the firm . BioNTech, which partnered with Pfizer to develop a Covid-19 vaccine in 2020, told Reuters its collaboration with the pharmaceutical company remains unchanged. Robinhood — Shares of the brokerage were down more than 7% ahead of the release of its monthly metrics due out after the bell on Thurday. Separately, the Wall Street Journal reported Robinhood was partnering with delivery app Gopuff on a service where clients could withdraw money from their accounts and have it delivered to them for a fee. Cellebrite DI — The Israeli digital investigative software provider climbed 23% on Nasdaq after third-quarter earnings excluding one-time items of 14 cents per share topped analysts’ 9-cent estimate and matched the highest forecast on the Street, according to FactSet. Revenue and adjusted EBITDA also exceeded expectations. Spectrum Brands — The maker of Remington razors and George Foreman grills jumped 15% after fiscal fourth-quarter earnings per share of $2.61 excluding one-time items beat the 90-cent consensus among analysts and more than doubled the highest estimate of $1.20, according to FactSet numbers. Adjusted EBITDA also exceeded expectations. Walt Disney — The media giant fell more than 9% on mixed fiscal fourth-quarter results . The company earned an adjusted $1.11 per share, beating an LSEG estimate of $1.05 per share. Revenue, however, came in at $22.46 billion, below a consensus forecast of $22.75 billion. Firefly Aerospace — Shares of the Texas-based aerospace company surged more than 15% following strong third-quarter results . Firefly reported a narrower-than-expected adjusted loss and topped revenue expectations for the period, according to LSEG consensus estimates. Firefly also said it expects fiscal year 2025 revenue to come out between $150 million to $158 million, higher than the $136 million consensus forecast. Dillard’s — The retailer jumped about 18% after the company’s third-quarter revenue topped analyst estimates. Dillard’s posted $1.49 billion in revenue for the period, compared with the $1.43 billion that analysts polled by FactSet had expected. Same-store sales rose 3%, while analysts had anticipated it would be flat. Cisco Systems — Shares climbed 5% after the networking company reported fiscal first-quarter results that were stronger than expected. Cisco posted adjusted earnings of $1 per share on $14.88 billion in revenue. Analysts surveyed by LSEG expected earnings of 98 cents per share on $14.77 billion in revenue. Flutter Entertainment — The world’s largest sports betting and gambling company cratered 12% after cutting its full-year guidance because of winning streaks from gamblers. Otherwise, Flutter reported mixed earnings and revenue as compared with LSEG consensus estimates. Separately, it announced a new prediction markets app called FanDuel Predicts that’s set to launch in December. Ibotta — Shares plunged more than 20% after the cash-back rewards platform issued disappointing fourth-quarter revenue guidance of between $80 million and $85 million. Analysts polled by LSEG had expected $84 million. Otherwise, Ibotta topped earnings and revenue expectations in its most recent quarter. Webtoon Entertainment — The online comics platform tumbled more than 26% after reporting third-quarter revenue of $378 million, short of the $385 million consensus estimate per LSEG. However, Webtoon’s adjusted earnings were 4 cents per share, versus the loss of 12 cents a share expected from analysts. Nike — Shares of the athletic retailer popped 2% on the back of a Wells Fargo upgrade to overweight from equal weight. Wells Fargo said its profit and loss figures could be hitting a bottom. — CNBC’s Sarah Min, Michelle Fox, Alex Harring, Yun Li, Scott Schnipper, Liz Napolitano, and Fred Imbert contributed reporting
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