Stocks making the biggest moves midday: Affirm, Warner Bros. Discovery, Stitch Fix, Campbell Soup and more
Check out the companies making the biggest moves midday.
Affirm — Shares of the payments company surged 6% after Affirm and Amazon announced a new compatibility feature. Affirm's Adaptive Checkout, which offers customers pay-over-time plans, will now be a payment option through merchants offering Amazon Pay.
Stitch Fix — The stock soared about 32% after the online personalized styling service company reported a narrower-than-expected loss for the fiscal third quarter. Stitch Fix posted a loss of 19 cents per share, compared with the 30-cent loss per share anticipated by analysts, according to Refinitiv. Revenue also beat expectations.
Warner Bros. Discovery — Shares popped 5% following the announcement CNN CEO Chris Licht is leaving the company after a tumultuous reign of just over a year.
Dave & Buster's — Shares of the entertainment giant jumped 18% a day after Dave & Buster's posted a beat on earnings. The company reported first-quarter earnings of $1.45 per share, while analysts polled by Refinitiv called for $1.24 per share. Revenue fell short of expectations, however, coming in at $597 million, versus the $602 million estimated by Wall Street.
GameStop — The meme stock added 3.6% ahead of its quarterly results following Wednesday's close. Analysts polled by FactSet are forecasting a quarterly loss of 15 cents per share.
Petrobras — Shares gained 2% after Morgan Stanley upgraded the Brazilian oil giant to overweight from equal weight. The Wall Street firm said Petrobras could deliver a larger dividend to investors this year than it has historically.
Tesla — Shares added 1.5% after the electric vehicle maker posted an update on its website that showed new Model 3 and Model Y cars are eligible for a $7,500 tax credit
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