Check out the companies that are trending in intraday trading. Hims & Hers — Shares of the telemedicine startup fell 7.7% after the U.S. Food and Drug Administration said it was no longer in short supply of the active ingredient in Eli Lilly’s Mounjaro and weight loss drug Zepbound. GLP-1 injections are available at Hims & Hers. Vertex Pharmaceuticals — The drug company fell 11.4% after announcing results from a Phase 2 trial of suzetrigine, a pain signal inhibitor for patients with painful lumbosacral radiculopathy. The study found that subjects given a placebo showed “similar within-group reductions[in pain numeric rating scales],” but the company plans to move the drug into a Phase 3 trial. said. Palantir Technologies — Shares rose 3.8% after Palantir announced it would extend its long-standing partnership with the U.S. Army for up to four years with a contract worth $400 million. The maximum amount available is $618.9 million. Darden Restaurants — Shares rise 14.8%, giving the stock its best day since 2020 after Darden reported better-than-expected same-store sales growth for its Olive Garden and Longhorn Steakhouses. I’m on track. The company also raised its full-year earnings forecast. . Sales were expected to be $12.1 billion, up from the previous estimate of $11.8 billion to $11.9 billion. Accenture — The IT services management company’s stock soared about 7%. Accenture beat revenue expectations for the first quarter of its fiscal year and raised its full-year outlook, saying it now expects revenue to rise 4% to 7%, compared with previous expectations of 3% to 6%. Micron Technology — The company’s stock price fell 16.2% after the company released weaker-than-expected fiscal second-quarter guidance, giving the stock its worst day since March 2020. CEO Sanjay Mehrotra said the company’s “consumer market is weak by global standards.” In the short term, the company expects a return to growth in the second half of the fiscal year. Lennar — The homebuilder’s stock fell 5.2% after Lennar’s first fiscal quarter profit fell short of analysts’ expectations. Lennar, hit by rising mortgage rates, reported sales of $4.06 per share on $9.95 billion, while analysts polled by FactSet said they expected sales of $4.15 and 100,000, respectively. It was expected to bring in $60 million. CarMax — Shares rose about 3.5% after the company’s better-than-expected results. In the third quarter, CarMax’s revenue was $6.22 billion, or 81 cents per share. Analysts polled by FactSet had expected 62 cents per share and revenue of $6.05 billion. Innodata — Data Engineering stock rose 16.3% following Wedbush’s outperformance start. The company said it can win in the area of custom large-scale language models within artificial intelligence. Conagra Brands — The packaged food company lowered its fiscal year outlook, sending its stock price down about 2%. Conagra now expects adjusted earnings for the fiscal year to be in the range of $2.45 to $2.50 per share, compared to previous guidance of $2.60 to $2.65 per share and the FactSet consensus estimate of $2.50 per share. below $2.58 per month. Conagra still delivered strong fiscal second-quarter adjusted earnings and revenue that beat FactSet consensus. MicroStrategy, Coinbase — Cryptocurrency stocks fell along with the price of Bitcoin. MicroStrategy fell 6.6% and Coinbase fell 2.1%. Robinhood stock fell 0.4%. Lamb Weston — Shares of the frozen potato maker fell about 20.1% after the company reported disappointing quarterly results and lowered its adjusted earnings forecast for fiscal 2025. Lamb Weston reported adjusted earnings of 66 cents per share on sales of $1.6 billion, while analysts surveyed by FactSet reported adjusted earnings of 66 cents per share on sales of $1.67 billion. Profit was expected to be $1.01. Lamb Weston also replaced CEO on Thursday. The company is under pressure from activist investor Jana Partners, which is forcing Lamb Weston to sell. — CNBC’s Alex Harring, Samantha Subin, Yun Li, Lisa Han, Sean Conlon and Michelle Fox contributed reporting.
Stocks with the biggest price movements at noon: DRI, MU, LW, HIMS
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