Stocks making the biggest moves midday: Sandisk, Tesla, Lululemon, Quanex, AMC & more
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Stocks making the biggest moves midday: SNDK, TSLA, NX, AMC Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves midday: Guidewire Software Shares of the platform for insurers plummeted 21% after revenue guidance for the current quarter fell short of expectations. Guidewire sees revenue ranging from $372 million to $378 million, versus the LSEG consensus estimate of $387 million. Full-year revenue guidance ranged from $1.71 billion to $1.73 billion, versus the $1.70 billion estimate. Tesla The electric vehicle company's stock dropped 6%. The National Highway Traffic Safety Administration announced an investigation into whether Tesla's Cybercab is compliant with all federal safety standards. The announcement came after the company launched its robotaxis in Austin, Texas, on Thursday. Sandisk , KLA Both chip stocks traded sharply higher, as the semiconductor space rallied ahead of the long weekend. Sandisk's stock was up more than 8% on the day, while shares of KLA climbed 7%. The VanEck Semiconductor ETF (SMH) rose more than 2%, while the Roundhill Memory ETF (DRAM) popped 5%. Quanex Building Products The manufacturer of window and door hardware saw its stock surge 19% on the back of a rosy third-quarter earnings report. Quanex earned 79 cents per share on an adjusted basis and posted revenue of $501.8 million. This beat the FactSet consensus call for 66 cents per share and $497.5 million. Adjusted EBITDA also surpassed expectations. AMC Entertainment The movie theater company's stock gained 6.5% after CEO Adam Aron slammed Robinhood for its stock tokens for AMC and others, calling the practice "contemptible, outrageous, disgusting." Shares of Robinhood slipped nearly 1%. Equifax , TransUnion , Fair Isaac Shares of the credit monitoring companies slid in midday trading. Federal Housing Finance Agency Director Bill Pulte said on X late Thursday that Equifax, TransUnion and Experian have been "overcharging Americans for too long. This will end soon." Fair Isaac shares struggled, dropping more than 15%. Equifax shares dropped 6.8%, while TransUnion shares fell more than 7%. "FICO supports Director Pulte's commitment to foster a competitive environment that is based on performance, trusted analytics, and outcomes for borrowers, lenders, and investors," a FICO spokeswoman told CNBC. "As the industry continues to modernize, we anticipate FICO Score 10T will be implemented across the market to help expand sustainable homeownership opportunities and further competition, while maintaining the safety and soundness of the housing finance system." Smith & Wesson The firearms manufacturer reported a beat on the top and bottom lines, sending shares 6% higher. Smith & Wesson saw quarterly earnings of 6 cents per share, versus the 6-cent loss expected from analysts polled by FactSet. Revenue came in at $112.6 million, compared with the $98.7 million consensus estimate. Lululemon Athletica Shares of the sportswear manufacturer tumbled 17% after the company posted a glum forecast for the current quarter. Lululemon called for earnings in a range of 93 cents to 98 cents per share on revenue of $2.29 billion to...
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