Stocks making the biggest moves midday: Walmart, CVS Health, Wolfspeed and more

and a profit drop in the first half of the year, driven by increased hiring and competition from rivals. Adyen reported 739.1 million euros in revenue over January to June 2023, which fell short of analysts' expectations of 853.6 million euros, according to Eikon data.— Shares of the semiconductor developer dropped 16% following the company's earnings report after the bell Wednesday.

Wolfspeed posted an adjusted loss of 42 cents per share for its fiscal fourth quarter, missing expectations of a 20-cent loss per share, according to Refinitiv.— Shares of the Vietnamese electric vehicle company plunged 18% in Thursday midday trading as the stock searches for its level after its Nasdaq debut on Tuesday. The stock rose more than 250% in its first trading session, after VinFast merged with a special purpose acquisition company, but retreated nearly 19% on Wednesday.

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CVS, other pharmacy-benefit stocks drop as major health insurer targets ‘broken’ prescription-drug systemPressure builds on prescription-drug middlemen as Blue Shield of California cuts reliance on CVS Caremark.
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CVS stock slumps as Blue Shield of California drops company as pharmacy-benefits managerOther stock market gains helped offset a 9.2% drop for CVS Health.
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