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Stocks making the biggest moves midday: Five Below, Salesforce, Lululemon, Instacart and more

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

Check out the companies making headlines in midday trading: Five Below — Shares of Five Below sank 12% after the discount retailer fell short of Wall Street's first-quarter revenue estimates and offered disappointing guidance. For the current quarter, Five Below said it expects between $830 million and $850 million in revenue, while analysts polled by LSEG expected $883 million. Salesforce — The stock moved 2.

Smartsheet — The workplace technology stock surged 16.5% following first-quarter earnings results that topped Wall Street's expectations. The company posted adjusted earnings of 32 cents per share, beating the 27 cents per share that analysts surveyed by LSEG were anticipating. Smartsheet also recorded $263 million in revenue, which is higher than the anticipated $258 million. Instacart — The grocery delivery stock jumped 8.3% after the company announced a share repurchase program.

 

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