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Stocks making the biggest moves midday: SolarEdge, Regions Financial, Merck and more

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These are the stocks posting the largest moves in midday trading.

Check out the companies making headlines in midday trading. Schlumberger — The oilfield services stock dropped 2% after third-quarter revenue missed Wall Street expectations. Schlumberger reported $8.31 billion in revenue for the quarter, below the consensus estimate of $8.33 billion from analysts polled by LSEG. Elsewhere, Schlumberger reported 78 cents earned per share, beating the analyst forecast by 1 cent.

SolarEdge tumbled nearly 30%, and peers Sunnova and Enphase Energy lost 8% and roughly 15%, respectively. Sunrun lost 5%. Regions Financial — Shares of the regional bank stock tumbled 11%. Regions after reporting an earnings per share of 49 cents for its third quarter, less than the 58 cents per share expected by analysts polled by StreetAccount. Net interest also fell short at $1.29 billion, versus the $1.32 billion expected. Other regional banks Zions and Fifth Third fell more than 5%.

 

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