Stocks making the biggest moves midday: AMD, GameStop, Signet Jewelers & more

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These are the stocks posting the largest moves midday Wednesday.

div > div.group > p:first-child"> Signet Jewelers — Shares of Signet Jewelers rose 2.1 percent after the diamond retailer reported better-than-expected quarterly results. Signet reported earnings of $3.96 per share, 14 cents higher than expected, and revenues of $2.155 billion, $11 million higher than expected.

Caterpillar — Caterpillar shares fell as much as 1.3 percent after an analyst at Deutsche Bank downgraded the stock to hold from buy. The analyst cited collapsing"synchronized global growth," noting:"China Land Cycle is rolling over, ... Europe is slowing more than expected and the US is oversaturated with construction equipment."

GameStop —The video game and electronics retailer fell over 5 percent after the company's fiscal fourth-quarter revenue missed expectations. GameStop reported $3.06 billion in revenue versus a Refinitiv estimate of $3.28 billion. The company also warned of a potential upcoming loss in the fiscal first quarter of 2019.

StoneCo — Shares of the Brazilian payments software company fell more than 5 percent after pricing its secondary stock offering at $40.50 per share. The company is selling 19.5 million shares in the offering, more than the 17.9 million indicated in a prospectus.

 

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