Stocks making the biggest moves midday: Coty, Paramount Skydance, Walmart and more
Check out the companies making headlines in midday trading: Coty — Shares of the beauty retailer plummeted more than 20% following its latest quarterly results. While its revenue of $1.25 billion beat the $1.20 billion that analysts surveyed by LSEG were expecting, it posted a loss per share of 5 cents, more than the 2 cents in earnings per share that analysts were looking for. The company also forecast a weak first half of fiscal 2026, but said a turnaround should be in store for the second half, supported by new product launches and tariff mitigation efforts taking hold. Paramount Skydance — The stock popped 15%, putting its month-to-date gains at more than 25%. Earlier this month, the company’s second-quarter earnings came in better than expected as its streaming division saw an unexpected profit, sending shares higher. Xpeng — U.S. shares of the Chinese electric car company jumped more than 14%. CEO Xiaopeng He purchased 3,100,000 Class A ordinary shares through Galaxy Dynasty Limited, a security filing dated Thursday revealed. The stock has risen around 17% this week on the heels of reporting better-than-expected revenue for the second quarter, as well as a narrower-than-expected loss. Walmart — The big-box retailer slipped more than 4%. Walmart fiscal second-quarter revenue beat analysts’ estimates . Adjusted earnings of 68 cents per share may not have compared with the LSEG consensus estimate of 74 cents. The country’s largest retailer raised its full-year earnings and sales outlook, also noting that costs are rising due to higher tariffs. Nordson — The adhesive and coatings maker rallied more than 5% on better-than-expected earnings and revenue. Nordson said full-year sales are currently tracking slightly above the midpoint of its original guidance given earlier this year. Cracker Barrel Old Country Store — The restaurant and gift shop chain fell 14%. The company unveiled an updated logo earlier this week, sparking some criticism on social media . Maplebear — The grocery delivery company, which does business as Instacart, dropped 2%. Wedbush downgraded the name to underperform on Thursday, with analyst Scott Devitt citing stiffening competition as a potential headwind. Hewlett Packard Enterprise — The technology services company advanced 3% after Morgan Stanley upgraded its investment rating to overweight . Analyst Erik Woodring said HPE’s forthcoming quarterly results could be a positive catalyst for the stock. Broadstone Net Lease — Shares of the real estate investment trust rose more than 2% after Goldman Sachs double-upgraded to buy from sell. Goldman said Broadstone’s development pipeline has created reliable earnings growth and can narrow a valuation gap. — CNBC’s Alex Harring and Michelle Fox contributed reporting.
