Stocks Making Significant Moves Midday: PG&E, Dell, GitLab, Credo Technology, Brown-Forman & More
Several stocks saw significant midday movements due to earnings reports, analyst ratings, and strategic updates. AST SpaceMobile surged nearly 10% after Berenberg initiated coverage with a 'buy' rating and a $92 price target. PG&E continued its decline, dropping another 7%, as it deferred capital spending amid financial review efforts. Brown-Forman rose 4% following better-than-expected earnings despite missing revenue forecasts. GitLab shares jumped nearly 13% after beating expectations on both the top and bottom lines while raising full-year guidance. Eos Energy climbed 15% due to a major supply agreement with MN8 Energy for Google data centers in West Virginia. Sirius gained over 7% as Deutsche Bank upgraded its rating, and Dell Technologies rose 7%, citing strong AI services performance. However, not all stocks fared well: G-III Apparel dropped nearly 11% due to declining sales from lost brand contracts; Palo Alto Networks fell 10%; MongoDB declined around 12% despite beating earnings expectations. Credo Technology slid about 18%, even though it outperformed on revenue and EPS, missing slight gross margin estimates.
Tickers: $ASTS $BFAM $CRTO $DELL $EOSE $GIII $GTLB $MDB $PANW $PCG $PCG PRX $SIRI $SNOW
Topics: analyst ratings earnings reports M&A activity stock price movement strategic reviews