Check out the companies making the biggest moves midday: Campbell’s — The food company tumbled nearly 6% after it reported a 3% decrease in net sales from a year ago to $2.68 billion. Adjusted earnings also fell by 13% on a year-over-year basis to 77 cents per share. Both figures, however, topped Wall Street’s expectations. The stock was headed for its lowest close since 2009. Gogo — The in-flight Wi-Fi provider dropped 10% after announcing an investment in satellite communications company Farcast . The terms were not disclosed in the announcement. Exxon Mobil — The oil giant jumped 2.7% after it updated its corporate plan through 2030. Exxon said it now expects $25 billion in earnings growth and $35 billion in cash flow growth between 2024 and 2030, an increase on both measures compared with previous forecasts. Colgate-Palmolive — Shares rose 2% after getting an upgrade to outperform from sector perform by RBC. “As we look out to 2026, the environment will no doubt still be difficult but believe numbers/expectations are appropriately low, and the setup is favorable to get back on track,” analyst Nik Modi wrote. SLM — The education loans company also know as Sallie Mae dropped 16% as investors were left underwhelmed by its latest investor meeting presentation. “We still view long-term PLUS origination & fee-based private credit opportunity as attractive, but step to the sidelines as potential for higher expenses, lack of clarity around forward EPS drives near-term execution risk,” wrote Morgan Stanley, which downgraded the stock to equal weight from overweight. Staar Surgical — The eyewear company surged more than 12% after Alcon amended its takeover bid for Staar. Alcon will now pay $30.75 per share in cash, up from $28 per share. The new price represents a 30.6% premium from where Staar shares closed on Monday. Teleflex — Shares of the medical technologies company rose more than 9% after it said it would sell three of its business units for $2.03 billion. Teleflex is divesting the operations as it focuses on its core critical care and high acuity hospital markets. The company plans to use the proceeds to buy back stock and pay down debt. Intersurgical will buy Teleflex’s acute care and interventional urology units for $530 million and private equity firms Montagu and Kohlberg will buy an original equipment manufacturer business for $1.5 billion. Ares Management — The stock jumped 6% following the announcement that the alternative investment manager is joining the S & P 500, effective Thursday. Ares will replace Kellanova, which is being acquired by Mars. CVS — The drugstore giant saw shares rise more than 2% after the company provided 2026 profit guidance that came above Wall Street estimates and this year’s projected earnings, marking a sign of steady progress in its turnaround plan. Toll Brothers — The homebuilder reported an earnings miss for its fourth quarter, sending shares down 1%. Toll’s adjusted earnings came in $4.58 per share, versus the $4.89 a share expected from analysts polled by LSEG. AeroVironment — The drone maker rose more than 2% after it was awarded a $874.26 million contract from the Army for unmanned aerial systems and counter-UAS systems. Alexander & Baldwin — The Hawaii-based real estate investment trust soared nearly 38% after it said it is being taken private in a $2.3 billion transaction. Viking — The cruise stock added 2% following an upgrade to a buy rating from Goldman Sachs. The bank believes that Viking’s differentiated geographic exposure and higher-income demographic could hedge against broader choppiness within the cruise sector, while a potential future buyback program could also unlock additional value. On the other hand, Norwegian Cruise Line slipped nearly 2% after Goldman Sachs downgraded shares to neutral. AutoZone — Shares dropped 6% after the automotive-parts retailer reported worse-than-expected results for its first fiscal quarter. AutoZone posted earnings of $31.04 per share on revenue of $4.63 billion. Analysts polled by LSEG expected a profit of $32.51 per share on revenue of $4.64 billion. — CNBC’s Yun Li, Alex Harring, Christina Cheddar-Berk, Lisa Han and Liz Napolitano contributed reporting.
XOM, STAA, CVS, AZO, ARES
You May Also Like
More From Author
There’s no Dow or S&P 500 for cryptocurrencies yet. Bitwise is getting a step closer with new ETF
