Stocks making the biggest midday moves: MSFT, NFLX, MRVL, GTLB
Check out the companies making the biggest moves midday: Genius Sports — The sports analytics company jumped 8% after setting lofty 2028 targets at its investor day. Genius sees ” group revenue ” totaling $1.2 billion by then, along with free cash flow of $220 million. Netflix — Shares declined 5% as investors waited to see how much the leading streaming platform would bid for Warner Bros Discovery . Reuters reported Tuesday that Netflix made an offer that was mostly cash. American Eagle Outfitters — Shares rose 14% after the clothing company raised its fourth quarter outlook and reported better-than-expected earnings in the third quarter. Alexandria Real Estate Equities — The real estate investment trust dropped 8.3% after slashing its dividend by 45% . Alexandria Real Estate Equities will now pay a quarterly cash dividend of 72 cents per share, down from $1.32 a share. Marvell Technology — The stock popped 9% after the provider of data infrastructure semiconductor solutions posted third-quarter earnings of 76 cents per share excluding one-time items on revenue of $2.08 billion, topping analysts’ consensus estimate of 73 cents per share on revenue of $2.07 billion, LSEG data showed. Microsoft — The Windows and Azure cloud provider dropped 2%, off its lows of the day, after the company denied a report from The Information that said Microsoft lowered its AI products sales targets. Thor Industries — The RV maker fell more than 7% after fiscal 2026 guidance failed to impress investors. Thor kept its earnings per share outlook in a range of $3.75 to $4.25, and sees revenue between $9 billion and $9.5 billion. Acadia Healthcare — The behavioral health care and residential treatment provider slid more than 13% after cutting its full-year earnings guidance. Acadia now sees earnings per share in a range of $1.94 to $2.04, down from a prior outlook of $2.35 to $2.45. Acadia also updated its liability reserves. Okta — An earnings beat boosted Okta shares by 2.7%. The company reported third-quarter earnings of 82 cents per share, excluding one-time items, on revenue of $742 million. Analysts expected earnings of 76 cents per share on revenue of $730 million, according to LSEG. Microchip Technology — The semiconductor manufacturer gained 8.6% after raising guidance for the third quarter. Microchip Technology now expects adjusted earnings of 40 cents per share versus previous guidance of 34 cents to 40 cents a share, and projected revenue at the high end of its previously guided range of $1.109 billion to $1.149 billion. Asana — After reporting third-quarter earnings of seven cents per share excluding one-time items on revenue of $201 million, the company’s stock added 4%. Analysts had expected earnings of six cents per share on revenue of $199 million, LSEG data shows. Asana also raised the high-end of its full-year revenue outlook for 2026. GitLab — The stock fell 13% after the company issued a correction to its full-year 2026 earnings guidance. GitLab sees earnings per share between 88 cents and 89 cents. It previously issued a forecast of 95 to 96 cents in earnings per share. Pure Storage — Shares plunged 25% after the data management and storage firm reported third-quarter earnings of 58 cents per share ex-items on revenue of $964.5 million. Analysts had expected EPS of 58 cents on revenue of $956 million, LSEG data shows. — CNBC’s Itzel Franco, Liz Napolitano and Michelle Fox contributed reporting.
