Stocks making the biggest moves midday: Tapestry, Capri, Disney and more

Check out the companies making headlines in midday trading. Disney — The media stock popped 7% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. The company said it expects high-single-digit adjusted earnings growth during fiscal 2025. Capri , Tapestry — Both luxury apparel stocks rose after the companies called off their planned merger , citing regulatory hurdles. Shares of Tapestry jumped nearly 13%, while Capri added 2.5%.

Holding — Shares popped 5% after the Dutch semiconductor equipment maker maintained its 2030 targets at its 2024 Investor Day, driven by artificial intelligence and other critical industry trends. Cisco Systems — The cybersecurity stock fell 1.9%. The company topped Wall Street's quarterly estimates and raised its full-year guidance, but posted its fourth consecutive quarter of declining revenue. Revenue in the prior quarter fell 6% year over year.

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Stocks making the biggest moves midday: Tapestry, Capri, L3Harris Technologies and moreThese are the stocks posting the largest moves in midday trading.
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Stocks making the biggest moves premarket: Disney, Cisco, ASML, Tapestry and moreThese are the stocks posting the largest moves in premarket trading.
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Tapestry and Capri Terminate $8.5B Merger AgreementTapestry is now buying back more of its own stock while Capri is looking to revamp with Michael Kors store closures and more marketing.
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Federal judge blocks luxury brand merger between Tapestry and CapriA federal judge issued a ruling blocking the pending merger of luxury fashion brands Tapestry and Capri on the grounds it would undercut competition in the handbag market.
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