Stocks making the biggest moves midday: Palo Alto Networks, 3M, Amedisys, Target and more

📆 05/06/2023 22:01:00

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

📆 05/06/2023 22:01:00
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— Shares of the software engineering firm tumbled 18% after it cut guidance amid further deterioration in near-term demand. Q2 earnings per share guidance of between $2.33-$2.

40 was slightly below the FactSet estimate of $2.43. It also lowered full-year earnings estimates and revenue estimates for both the second quarter and full year to below analysts' estimates.

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