Stocks making the biggest moves midday: General Electric, Silvergate Capital, Peloton, Etsy and more

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GE shares gained after the company reaffirmed its 2023 guidance.

— The luxury winemaker rallied 6.3% after reporting fiscal second-quarter revenue that topped Wall Street's expectations. Revenue came in at $103.5 million compared to the $101.7 million expected. Adjusted earnings per share came in 1 cent ahead of estimates at 18 cents.

— Shares of the payments technology platform gained 3.5% following CEO Daniel Schulman's comments at a conference that the company is seeing strength beyond what was expected across the business. He also noted that discretionary spending is starting to come back as inflation cools.

 

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