Stocks making the biggest moves midday: Trump Media, Kura Sushi, Nike and more

📆 6/28/2024 4:38 PM
📰 CNBC

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Synchrony Financial,Digital Realty Trust Inc,Kura Sushi USA Inc

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

Check out the companies making headlines in midday trading. Nike — The athletic apparel giant plummeted 19% after the firm posted fourth-quarter revenue of $12.61 billion, which came below the $12.84 billion forecast by analysts surveyed by LSEG. Nike also reduced its full-year outlook.

Kura Sushi USA — The sushi company plunged 25% after posting disappointing preliminary revenue figures for the third quarter. Kura expects quarterly revenue of $63.1 million, below a StreetAccount estimate of $65.6 million. Kura also lowered its full-year topline outlook. Digital Realty Trust — The real estate investment trust moved 2% higher following an upgrade at JPMorgan to overweight from neutral. The bank said Digital Realty Trust will benefit from artificial intelligence and cloud growth.

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