Stocks making the biggest moves midday: SoFi, McDonald's, Western Digital, On Semiconductor and more

Check out the companies making headlines in midday trading. SoFi Technologies — Shares seesawed as traders digested the company's latest quarterly results. SoFi posted a massive third-quarter revenue beat and raised its outlook for the full year. The company reported $531 million in revenue, exceeding an LSEG estimate of $512.1 million. Its revenue was boosted by higher-than-expected student loan originations for the quarterly period, SoFi said. Shares were last down 1%.

sales grew 8.8% in the quarter, topping analyst estimates. Although McDonald's recorded a dip in U.S. traffic, the company's U.S. same-store sales rose 8.1%.Stellantis reached a deal with the union on Saturday, while GM made an agreement on Monday, sources told CNBC. Shares of— Shares of the data storage company jumped 6% after the company performed better than analysts polled by LSEG expected in the fiscal first quarter.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: McDonald's, SoFi, Invitation Homes and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

GM, Disney, Alphabet, Western Digital, SoFi, Apple, and More Stock Market MoversThe United Auto Workers union announces a strike at another General Motors plant, Nelson Peltz's push for board seats at Disney gets a boost, and results...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks Move higher, ‘Hell Week’ ahead, McDonald’s on deck, Ford UAW deal, Peltz on DisneyStocks higher, 'Hell Week' ahead, McDonald's, Ford, Disney
Source: startelegram - 🏆 248. / 63 Read more »

Hong Kong stocks climb for second day as Japanese stocks dropSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »

SoFi Will Post Earnings Monday. What to Expect.The fintech reports its earnings before the start of trading. The stock has had a fantastic year.
Source: MarketWatch - 🏆 3. / 97 Read more »

SoFi's stock pops after earnings as loan volumes surgeStudent-lending originations doubled in the third quarter
Source: MarketWatch - 🏆 3. / 97 Read more »