Check out the companies making the biggest moves midday: Oracle — The AI stock fell 4% as investors remained worried about valuations tied to AI continued to dump stocks. Those declines added to Oracle’s and Nvidia’s steep weekly losses. Bath & Body Works — The retailer fell 5%, adding to its 24.8% plunge from Thursday, as analysts around Wall Street downgraded the stock. Morgan Stanley and Goldman Sachs were among the shops that lowered their rating on Bath & Body Works, a day after the company posted third-quarter results that missed expectations. QuidelOrtho — The diagnostics products maker rose 11% after CEO Brian Blaser disclosed the purchase of 23,500 shares. Azenta — Shares rose over 10% after the lab equipment company reported fiscal fourth quarter earnings above analyst expectations. The company posted earnings per share of 21 cents, excluding certain items, on revenue of $159.2 million. Analysts polled by FactSet expected a profit of 19 cents on revenue of $156.2 million. Enviri — The waste management company rallied nearly 29% after it agreed to sell its hazardous and non-hazardous waste division, Clean Energy, to competitor Veolia for $3.04 billion. Enviri is also spinning-off its Harsco Environmental and Rail divisions into New Enviri. The deal is expected to close mid-2026. Bitcoin stocks — Stocks linked to the world’s oldest cryptocurrency were in the red as bitcoin plunged closer to $80,000 as investors fled risk assets. Digital asset mining companies American Bitcoin and Riot Platforms fell 8% and 2%, respectfully. Bitcoin treasury Strategy shed 3%. Galaxy Digital was down 5%. Elastic — The data analytics company tumbled 14% after reporting fiscal second-quarter results that saw a deceleration in cloud growth. Elastic’s adjusted earnings and revenue topped Wall Street’s expectations. Veeva Systems — The cloud solutions provider fell 11% after saying it expects fewer top biopharmaceutical companies to select its Vault CRM. Veeva posted third-quarter earnings of $2.04 per share, excluding one-time items, on $811.2 million revenue versus analysts’ consensus estimate of $1.95 on $792.8 million revenue. Gap — The apparel retailer jumped more than 8% after topping expectations for same-store sales with 5% growth in the latest quarter thanks to its viral “Better in Denim” campaign with Katseye. Excluding the pandemic, same-store sales growth was the fastest since its fiscal 2017 holiday quarter. Ross Stores — The retailer reported better-than-expected revenue of $5.6 billion compared to analysts’ consensus estimate of $5.42 billion, pushing its shares 4% higher. Ross also raised its fourth-quarter earnings guidance, saying “we now expect tariff-related costs to be negligible.” AnaptysBio — The biotech fell 2% after pharmaceutical company Tesaro said it is suing AnaptysBio for allegedly breaching a license agreement for the oncology treatment Jemperli. — CNBC’s Michelle Fox-Theobald and Yun Li contributed reporting.
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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