News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 23 min. at publisher
  • 📊 Quality Score:
  • News: 86%
  • Publisher: 72%

Walt Disney Co News

Advance Auto Parts Inc,Hims & Hers Health Inc,ASML Holding NV

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

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves midday: Tapestry, Capri, L3Harris Technologies and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: Disney, Cisco, ASML, Tapestry and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: wwd - 🏆 24. / 68 Read more »

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.
Source: FoxBusiness - 🏆 458. / 53 Read more »