Stocks making the biggest moves midday: Silvergate Capital, Salesforce, Macy's, Okta and more
In this article Check out the companies making headlines in midday trading. Salesforce —Shares of the cloud software maker surged more than 10% after the company beat Wall Street estimates across the board in its quarterly report and issued a better-than-expected forecast.
Salesforce also said it is expanding its share buyback program after introducing it last year. Wall Street analysts believe Salesforce's strong results are impressive given the activist pressure it's facing.
Macy's — Macy's gained 9% after reporting fourth-quarter results. The retailer posted $1.71 in earnings per share, above the $1.57 anticipated by analysts polled by Refinitiv.
Revenue came in line with Wall Street expectations at $8.26 billion. Tesla — The electric-vehicle maker's shares lost 6% after Tesla's investor day, which some believed lacked specifics.
Read more on cnbc.com
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