Stocks making the biggest moves midday: Sandisk, Tesla, Lululemon, Quanex, AMC & more
These are the stocks posting the largest moves midday.
TL;DR
- Guidewire Software shares dropped 21% due to revenue guidance missing expectations.
- Tesla stock fell 6% following an NHTSA investigation into its Cybercab.
- Sandisk and KLA shares climbed sharply as the semiconductor sector rallied.
- Quanex Building Products surged 19% after exceeding third-quarter earnings and revenue estimates.
- AMC Entertainment gained 6.5% after CEO Adam Aron criticized Robinhood.
- Equifax, TransUnion, and Fair Isaac shares slid amid criticism from FHFA Director Bill Pulte.
- Smith & Wesson shares rose 6% after reporting better-than-expected earnings and revenue.
- Lululemon Athletica tumbled 17% following a dim forecast for the current quarter.
- Zscaler shares slipped 5% despite an earnings beat and strong guidance.
- Adobe announced Anil Chakravarthy as its next CEO, with shares down 6%.
- Asana shares tanked 14% after its current-quarter guidance disappointed investors.
- Samsara advanced about 4% on strong revenue and earnings guidance.
- UiPath lost 16%, with its guidance showing slight beats.
- Oxford Industries sank 17% after cutting its full-year guidance.