Check out the companies making headlines in midday trading.
Overstock.com — Shares jumped 16% on news the e-commerce company won the auction for Bed Bath & Beyond's digital assets and intellectual property, which includes the brand name.
Spirit AeroSystems — Shares of the Boeing supplier dropped nearly 9% after the company halted production in its Wichita, Kansas, factory following an announcement that workers will strike, starting Saturday. Boeing's stock also fell more than 2%. Spirit AeroSystems makes fuselages for Boeing's 737 Max, as well as the forward section of many of Boeing's other aircrafts.
Accenture — The stock fell 2.6% after the consulting firm shaved the top end of its revenue expectations for the fiscal year. The firm said to expect between 8% and 9% in local currency after previously setting a range between 8% and 10%.
Darden Restaurants — The Olive Garden parent dropped 2%. Darden posted earnings of $2.58 per share on revenue of $2.77 billion in its latest quarter. The results beat analysts' forecast of $2.54 in earnings per share, but met revenue expectations, according to Refinitiv. The company's full-year earnings guidance range included the consensus estimate of analysts polled by FactSet. The company also increased its quarterly dividend and announced Chairman Eugene Lee would retire.
Anheuser-Busch InBev — Shares gained nearly 2% after Deutsche Bank upgraded the beer giant to a buy from a hold rating, citing fading headwinds from the recent flight of customers amid its collaboration with transgender influencer Dylan Mulvaney.
NRG Energy — The stock gained 4.6% a day after the Wall Street Journal reported Elliott Investment Management, an activist investor, wanted to remove the CEO and other
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