Stocks Making Major Moves Midday: Guidewire Software, Tesla, Lululemon and Others
Several stocks experienced significant midday movements due to earnings reports, regulatory developments, or guidance updates. Guidewire Software dropped nearly 21% after missing revenue expectations for the current quarter despite beating full-year forecasts. Meanwhile, Sandisk and KLA surged as semiconductor-related ETFs rallied ahead of a long weekend. Tesla fell over 6% following an announcement by the National Highway Traffic Safety Administration that it is investigating whether Tesla's Cybercab meets federal safety standards. Quanex Building Products jumped nearly 19% after beating third-quarter earnings and revenue estimates, while Lululemon shares tumbled almost 17% due to a weaker-than-expected forecast. Other notable moves included AMC Entertainment rising over 6% as CEO Adam Aron criticized Robinhood's stock tokens for the company. Credit monitoring firms Equifax, TransUnion, and Fair Isaac all declined after comments from Federal Housing Finance Agency Director Bill Pulte suggesting an end to their pricing practices.
Tickers: $ADBE $AMC $AMCX $DRAM $EFX $FICO $GWRE $HOOD $IOT $KLAC $LULU $NX $PATH $SMH $SNDK $TRU $TSLA $ZS
Topics: AMC Entertainment Equifax Fair Isaac Guidewire Software KLA Quanex Building Products Sandisk Smith & Wesson Tesla TransUnion