Stocks making the biggest moves midday: Super Micro Computer, Starbucks, Pfizer and more

Check out the companies making headlines in midday trading. New York Community Bank — Shares of the beaten-down regional bank popped more than 31% after CEO Joseph Otting said in a release that "we have a clear path to profitability over the following two years." The bank on Wednesday posted a quarterly loss of $335 million , fueled by a rise in soured commercial loans and higher expenses.

In addition, CVS cut its full-year profit outlook , which also missed the consensus estimate, citing higher medical costs. Powell Industries — The Houston-based electrical infrastructure company advanced 22% after beating Wall Street's fiscal second-quarter expectations. Powell posted earnings of $2.75 per share on revenue of $255 million. In the year-ago quarter, the company reported 70 cents per share in earnings and revenue of $171.4 million.

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