economy
Stocks Making the Biggest Moves Midday: Meta, Best Buy, AppLovin, Scotts Miracle-Gro and More
These are the stocks posting the largest moves in midday trading.
TL;DR
- Meta Platforms fell over 6% after losing two child safety legal cases.
- AppLovin shares dropped nearly 8% due to weakening e-commerce spending.
- Brown-Forman shares rose over 14% on reports of a potential bid from Pernod Ricard.
- Scotts Miracle-Gro shares fell more than 4% after a downgrade by JPMorgan.
- Best Buy stock increased 4% amid speculation of a potential acquisition by GameStop.
- H.B. Fuller gained 4% after exceeding fiscal first-quarter earnings and full-year guidance.
- Pony AI shares fell 13% despite announcing its first quarterly profit, due to ambitious expansion plans and revenue decline.
- Worthington Steel plunged 15% following a decrease in fiscal third-quarter adjusted earnings.
- Memory chipmaker stocks tumbled after Google announced an AI model that could reduce memory requirements.
- Navan soared 27% on strong 2027 revenue guidance and better-than-expected fourth-quarter results.
- MillerKnoll plummeted almost 23% due to a decline in fiscal third-quarter adjusted earnings and a warning about the Middle East conflict's impact.
- Snap slipped almost 9% as the EU launched an investigation into its child safety and illegal goods policies.