Stocks making the biggest moves midday: RH, Reddit, Estée Lauder, AMC and more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

These are the stocks posting the largest moves midday.

Check out the companies making the biggest moves midday. RH — The luxury retailer surged 17.2% after offering strong full-year forecasts for demand and revenue growth. That allowed investors to look past a fourth-quarter earnings report that came in below expectations. Estée Lauder — Shares jumped more than 6% after Bank of America upgraded them to buy from neutral. The firm highlighted improving profitability, new products and rising presence in the prestige beauty sector.

Its full-year guidance was for an 8 cent to 12 cent loss per share, compared to the consensus estimate of a 2 cent loss. Allstate — The insurance company gained nearly 2% on the back of an HSBC upgrade to buy from hold. The bank cited Allstate's "decisive management actions" and a less restrictive regulatory backdrop for the call. — CNBC's Alex Harring, Hakyung Kim and Pia Singh contributed reporting.— The luxury retailer surged 17.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

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: Walgreens Boots Alliance, Estee Lauder, RH and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »