{"id":51368,"date":"2023-11-29T18:44:22","date_gmt":"2023-11-29T18:44:22","guid":{"rendered":"https:\/\/prosfunds.com\/news\/stocks-making-the-biggest-moves-midday-foot-locker-general-motors-phillips-66-and-more\/"},"modified":"2023-11-29T18:44:24","modified_gmt":"2023-11-29T18:44:24","slug":"stocks-making-the-biggest-moves-midday-foot-locker-general-motors-phillips-66-and-more","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=51368","title":{"rendered":"Stocks making the biggest moves midday: Foot Locker, General Motors, Phillips 66 and more"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines in midday trading. Rover Group \u2014 Shares of the online marketplace for pet care advanced 28% after Rover on Wednesday said it agreed to be acquired by Blackstone in a $2.3 billion deal. The transaction is set to close in the first quarter of 2024. Fluence Energy \u2014 The energy storage stock surged 23% after Fluence Energy reported fiscal fourth-quarter results that surpassed forecasts. Late Tuesday, the company reported fourth-quarter earnings of 2 cents per share, topping the FactSet consensus estimate of a loss of 7 cents per share. Revenue came in at $521.8 million, better than the forecast $510.9 million. Foot Locker \u2014 The footwear retailer gained 17% after Foot Locker topped analysts&#8217; expectations in its third quarter. Adjusted earnings came in at 30 cents per share on revenue of $1.99 billion. Analysts polled by LSEG, formerly known as Refinitiv, were anticipating 21 cents per share on revenue of $1.96 billion. NetApp \u2014 NetApp shares surged 15%. On Tuesday, the data infrastructure company topped fiscal second-quarter expectations on the top and bottom lines. The company also issued third-quarter earnings guidance and a full-year forecast that came ahead of what the Street anticipated. Workday \u2014 The enterprise cloud stock popped 12% after Workday reported third-quarter results that exceeded expectations. On Tuesday, the company reported adjusted earnings of $1.53 per share on $1.87 billion of revenue. Analysts surveyed by LSEG expected earnings of $1.41 per share on $1.85 billion in revenue. CrowdStrike \u2014 The cybersecurity stock jumped more than 9%. On Tuesday, CrowdStrike posted a strong third-quarter report and raised its fourth-quarter guidance. General Motors \u2014 The automaker popped 9.6% after announcing a $10 billion stock buyback plan and a 33% quarterly dividend increase. GM also reinstated its guidance following the end of the United Auto Workers strike. Hewlett Packard Enterprise \u2014 Shares gained more than 7%. Hewlett Packard Enterprise reported mixed fiscal fourth-quarter earnings late Tuesday, but many expect that the growth of artificial intelligence will bolster the company through some near-term weakness. Vestis \u2014 Shares of the uniform and workplace supplies gained 6%. Vestis reported fiscal fourth-quarter revenue that topped estimates, according to FactSet consensus estimates. Phillips 66 \u2014 Phillips 66 gained 3.6% after Elliott Investment Management on Wednesday said it took a $1 billion stake in the company. The hedge fund plans to seek as many as two board seats, sources told CNBC&#8217;s David Faber. Jabil \u2014 Jabil shares dropped 13%. Late Tuesday, the manufacturing services company lowered its first-quarter revenue guidance to a range of $8.3 billion to $8.4 billion, compared to previous guidance between $8.4 billion and $9.0 billion. Petco Health &amp; Wellness \u2014 Petco shares plunged 28% after the pet retailer reported disappointing third-quarter results. The company posted a wider-than-expected quarterly loss of 5 cents per share, compared to expectations of earnings of 2 cents per share, according to LSEG consensus estimates. The company&#8217;s revenue of $1.49 billion also fell short of the Street&#8217;s estimates. Hormel Foods \u2014 Shares fell nearly 5% after Hormel posted its fiscal fourth-quarter results. Hormel posted adjusted earnings of 42 cents per share and revenue of $3.2 billion, falling short of Wall Street&#8217;s estimates. Analysts polled by LSEG called for 44 cents per share in earnings and revenue of $3.26 billion. Dollar Tree \u2014 The discount retailer jumped 3% after posting third-quarter results. Adjusted earnings came in at $1.02 per share, while analysts called for $1.01 per share, per LSEG. Revenue of $7.31 billion fell short of expectations for $7.4 billion, however. \u2014 CNBC&#8217;s Alex Harring and Darla Mercado contributed reporting.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/11\/29\/stocks-making-the-biggest-moves-midday-fl-gm-psx.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines in midday trading. Rover Group \u2014 Shares of the online marketplace for pet care advanced 28% after Rover on Wednesday said it agreed to be acquired by Blackstone in a $2.3 billion deal. The transaction is set to close in the first quarter of 2024. Fluence Energy \u2014 The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[38],"tags":[],"class_list":{"0":"post-51368","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks making the biggest moves midday: Foot Locker, General Motors, Phillips 66 and more | Prosfunds<\/title>\n<meta name=\"description\" content=\"Check out the companies making headlines in midday trading. 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