Check out the companies making headlines in midday trading. Target — Shares of the retailer surged 12% on second-quarter results that surpassed Wall Street's expectations. The company maintained its cautious outlook but said sales grew roughly 3%. JD.com — The U.S.-traded shares of the Chinese e-commerce company fell more than 5% after Walmart confirmed that it was selling its stake in the online retailer. Macy's — Shares of the department store sank more than 12%.
Analog Devices — The semiconductor stock gained 2% after Analog Devices' fiscal third-quarter results beat expectations . Adjusted earnings of $1.58 per share exceeded the earnings of $1.51 per share anticipated by analysts polled by FactSet. Revenue of $2.31 billion was above the expected $2.28 billion. Coty — The beauty stock rallied about 6% even after the company posted disappointing results for the fiscal fourth quarter and offered weak guidance for the fiscal 2025 year.
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