Stocks making the biggest moves midday: Ulta Beauty, Netflix, American Express, Ibotta and more

Check out the companies making headlines in midday trading. Ulta Beauty – Ulta Beauty shares fell 3% after Jefferies downgraded the beauty retailer to a hold from a buy rating, citing rising competition. Netflix — The streaming giant sank more than 7% after saying it will stop reporting subscriber growth in its quarterly earnings starting next year. Shares were headed for their worst day since July. Shopify — Shares advanced 1.

8 billion versus the consensus estimate of $15.79 billion. American Express said U.S. consumer spending increased 8% from a year earlier. Super Micro Computer — The server and data storage company slipped more than 17%. Earlier in the day, Super Micro Computer said fiscal third-quarter results will be out April 30, but offered no guidance ahead of the report. Ibotta — Shares of the technology company fell nearly 6% a day after Ibotta's initial public offering.

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