Check out the companies making headlines in midday trading. Signet Jewelers — Shares tumbled 11% after the jeweler issued first-quarter revenue guidance that missed Wall Street estimates. The company said it expects revenue in the range of between $1.47 billion and $1.53 billion, whereas analysts polled by FactSet forecast $1.61 billion. Chipotle — Shares rose 6.4% to an all-time high after the fast-casual Mexican chain announced the board approved a 50-to-1 stock split .
Riot Platforms — The bitcoin mining stock advanced 4% after JPMorgan upgraded it to overweight from neutral, citing the company's "unique combination of industry-leading power contracts, scale and liquidity." Best Buy — The electronics retailer got a nearly 3% lift after Telsey upgraded the stock to outperform from market perform, citing signs of stabilization and improvement due to replacement cycle and new innovative products like Ray-Ban glasses.
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Stocks making the biggest moves premarket: Chipotle, MicroStrategy, CarMax, Intel and moreThese are the stocks posting the largest moves in premarket trading.
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