Stocks making the biggest moves midday: Stitch Fix, Tesla, WeWork, Campbell Soup and more
Publishing timestamp: 2023-03-08 13:07:54
Summary
Several companies saw their shares drop after reporting weaker-than-expected earnings or revenue, including United Natural Foods, Stitch Fix, and Brown-Forman Corp. Tesla's shares also dropped after the U.S. National Highway Traffic Safety Administration began investigating complaints about steering wheels coming off Model Y vehicles. However, Occidental Petroleum's shares climbed after Warren Buffett's Berkshire Hathaway added to its stake in the company. Diversey surged after agreeing to be acquired by Solenis in a $4.6 billion deal, while Casey's General Stores rose after posting a big earnings beat and announcing plans to open new stores. Campbell Soup Company also saw its shares rise after beating analysts' expectations for earnings, revenue, and margins. CrowdStrike's shares were up after reporting stronger-than-expected earnings and revenue and offering strong guidance for 2023. WeWork's shares also jumped following reports that the company is in talks to raise more cash and restructure its debt.
Sentiment: MIXED
Tickers: DSEY, CASY, CPB, BF.B, UNFI, TSLA, OXY, SFIX, WE, CRWD,
Keywords: campbell soup co, crowdstrike holdings inc, market insider, breaking news, tesla inc, stitch fix inc, united natural foods inc, breaking news: markets, brown-forman corp, casey's general stores inc, stock markets, wework inc, business news, diversey holdings ltd, occidental petroleum corp,