midday stock movers: Walmart drops, Deere jumps, CrowdStrike slides on executive departure

Check out some of the companies making the biggest moves midday:

Walmart — The largest brick-and-mortar retailer in the nation tumbled 9%. While second-quarter revenue topped estimates, same-store sales grew 2.6%, falling short of the 3.5% expected by analysts polled by FactSet. Earnings per share guidance for the fiscal third quarter and full year also came in below expectations.

Deere — Shares of the tractor maker jumped nearly 9% after the company’s fiscal third quarter results exceeded estimates. The Illinois-based firm posted earnings of $5.10 per share on revenue of $11 billion, surpassing the LSEG consensus estimate of $4.70 per share and $10.73 billion. Deere also raised the lower end of its net income guidance for the full year to $4.75 billion to $5 billion, compared to the FactSet consensus estimate of $4.88 billion.

Webull — The online trading platform provider gained over 4%. Second-quarter adjusted operating income totaled $62.6 million, above the $33.5 million analysts had estimated, per FactSet. Revenue of $198.8 million also beat expectations of $183 million.

Crypto stocks — Crypto-related stocks advanced, tracking gains in bitcoin and ether following President Donald Trump’s push for Congress to pass crypto-friendly legislation. Coinbase, Strategy, and Circle Internet each rose about 8%, while Mara Holdings climbed 12% and American Bitcoin added 7%.

Transocean — The offshore drilling contractor rose 2% after securing a $300 million, two-year contract for an ultra-deepwater drillship with ONGC of India, with options extending to 2031.

Moderna — The mRNA-based biotechnology company plunged 25%, a sharp reversal from its 177% surge the previous day following promising late-stage trial results for a skin cancer vaccine. The trial, conducted with Merck using Keytruda, met key endpoints in patients with high-risk or advanced melanoma who had undergone complete surgical removal of detectable cancer.

Nordson — Shares rose roughly 7% after the maker of equipment used to apply coatings and adhesives lifted its full-year guidance. Nordson now projects adjusted earnings of $11.80 to $12 per share, up from its prior range of $11.30 to $11.80. This outlook exceeded the FactSet consensus forecast of $11.60 per share.

Advance Auto Parts — The auto parts retailer slid 25% following mixed second-quarter results. Revenue came in at $2 billion, missing the $2.04 billion expected by analysts polled by LSEG. Same-store sales declined 0.5%, against an estimated gain of 1.4%, per consensus analyst forecasts compiled by FactSet.

Coty — The cosmetics maker dropped 9% after reporting a larger-than-expected quarterly loss and describing fiscal 2027 as a “transition year.” Coty reported an adjusted loss of 2 cents per share in its fiscal fourth quarter, double the 1-cent loss anticipated by analysts polled by LSEG.

Wolfspeed — The semiconductor components maker declined 15%. Quarterly revenue of $149.6 million fell short of FactSet’s $150 million consensus estimate.

NetEase — U.S.-listed shares of the Chinese tech company fell 5% after quarterly earnings missed analyst expectations.

CrowdStrike — The cybersecurity provider dropped 4% after Axios reported that Chief Technology Officer Elia Zaitsev plans to leave and launch an AI-focused cyber venture fund named Cognition.

— CNBC’s Darla Mercado contributed reporting.

Source link