Stocks making the biggest moves midday: Apple, Amazon, Reddit, GoDaddy, IES Holdings & more
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Stocks making the biggest moves midday: AAPL, AMZN, RDDT, GDDY, IESC Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves midday: IES Holdings Shares were up over 30% after the electrical services company posted better-than-expected quarterly results. IES' board also recently approved a two-for-one split of its common stock, which would be paid as a stock dividend. GoDaddy Shares of the website domain provider tanked 20% after the company issued guidance that underwhelmed Wall Street. GoDaddy reaffirmed free cash flow of about $1.8 billion for the full year, roughly in line with the FactSet consensus call for $1.81 billion. Revenue for the period is expected to range from $5.215 to $5.255 billion, versus the consensus estimate of $5.24 billion. Cash flow of about $444 million for the latest quarter came in sharply below the consensus estimate of $473 million, per LSEG. Newell Brands Shares of the owner of Rubbermaid food storage products and Graco baby gear rose 11%. Newell lifted guidance for the full year, calling for earnings of 73 cents to 77 cents per share, up from its earlier forecast of 56 cents to 60 cents per share. The outlook also surpassed the FactSet consensus estimate of 58 cents per share. SPX Technologies The power boiler maker's stock rallied 14% on second-quarter results that exceeded analyst expectations. SPX Technologies also raised its full-year earnings and revenue outlook. Veracyte Shares of the global diagnostics company fell 24% after Veracyte's latest financial results failed to impress investors despite exceeding analyst expectations. In addition to adjusted earnings and revenue coming in above the consensus estimates, the company also raised its full-year revenue guidance. Shares had moved 7% higher Thursday ahead of the earnings release. Replimune Group Shares were up over 94% for the clinical-stage biotechnology company after a Food and Drug Administration advisory panel voted in favor of the company's RP1 drug trial results for a type of skin cancer. Wedbush Securities upgraded Replimune Group to outperform from neutral following the decision. Jersey Mike's Shares were up 6% after the sandwich restaurant chain made its public debut on Thursday. Jersey Mike's opened at $21 per share , a dip from its public offering price of $23 per share. It closed with a 6% fall the day of its debut. Chevron Shares were rose 1.6% after the energy giant reported better-than-expected earnings and revenue for the second quarter. Chevron recorded $12.1 billion in net income, a nearly 400% increase from the same period last year. ExxonMobil Shares fell 2% after the energy giant reported weaker-than-expected earnings for the second quarter. The company earned an adjusted $3.52 per share, while analysts polled by LSEG expected a profit of $3.60 per share. Moderna The biotech giant's stock dropped 1% despite the company posting second-quarter results that beat the Street. Moderna lost $1.97 per share on revenue of $145 million. Analysts expected a loss of $2.03 per share on revenue of...
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