Stocks making the biggest moves midday: Ally Financial, Southwest Airlines, Oracle and more

Check out the companies making headlines in midday trading. Ally Financial – Shares of the lender fell 17% after Ally CFO Russell Hutchinson said at an industry conference that credit challenges have increased during the third quarter, particularly with auto loans for retail customers. Mission Produce , Calavo Growers – Shares gained 20% after the avocado producer reported a year-over-year revenue increase of 24% for the fiscal third quarter.

Hewlett Packard Enterprise – The tech hardware stocks tumbled nearly 8% after Hewlett Packard announced plans to sell $1.35 billion in Series C mandatory convertible preferred stock. The company intends to use net proceeds to fund its acquisition of Juniper Networks. Rubrik – The data management software company shed 6%, even as second quarter results surpassed Wall Street's estimates. Rubrik reported an adjusted loss of 40 cents per share on revenue of $205.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Four bull stocks and two bear stocks according to Bank of America strategistsFour bull stocks and two bear stocks according to Bank of America strategists
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors. U.S. futures fell, while oil prices were higher. The S&P 500 fell 0.2% Wednesday, following a 2.1% drop a day earlier. The Nasdaq composite dropped 0.3%. The Dow managed a gain of 38 points, or 0.1%.
Source: AP - 🏆 728. / 51 Read more »

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors.
Source: ksatnews - 🏆 442. / 53 Read more »

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors.
Source: wjxt4 - 🏆 246. / 63 Read more »

Financials are a 'stealth bull market' opportunity, says Wolfe ResearchSenyek highlighted financial stocks as a beneficiary of a steeper yield curve ahead.
Source: CNBC - 🏆 12. / 72 Read more »