Stocks making the biggest moves midday: Cava, Intuit, Ross Stores, Workday and more

📆 2024-08-23 1:11 PM
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These are the stocks posting the largest moves in midday trading.

Check out the companies making headlines in midday trading: Cava Group — Shares of the fast-casual restaurant chain popped more than 21% on stronger-than-expected quarterly results . Cava posted earnings of 17 cents per share on $233 million in revenue in the fiscal second quarter. That topped LSEG estimates calling for earnings per share of 13 cents and revenue of $220 million.

Goldman Sachs downgraded the stock to neutral from buy after the report, citing guidance around revenue and Bill.com's internal investments. For the quarter, Bill.com reported 57 cents in adjusted earnings per share on $344 million of revenue. Analysts surveyed by LSEG were looking for 46 cents per share on $328 million of revenue. Ross Stores — The off-price retailer's stock price added 1.4% after the company beat earnings estimates by 9 cents a share in the second quarter.

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