Check out the companies making headlines in midday trading. Walgreens Boots Alliance — The stock plummeted more than 24.5% after the retail company reported third-quarter earnings results that missed Wall Street's expectations . The company also announced a cut to its full-year adjusted profit outlook and said it would close stores that are underperforming as a way to cut costs. Shares of CVS fell more than 4% in sympathy. Levi Strauss — The denim maker's stock tumbled 17.
6% after it announced that CEO Gary Friedman completed the purchase of $10 million worth of shares at an average of $216.10 per share. He now owns just more than a quarter of all the company's outstanding shares. Micron Technology — The memory chip stock shed nearly 7% after Micron Technology offered guidance that was roughly in line with expectations. Analysts had been hoping for rosier guidance that topped guidance as AI demand continues to boom.
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