Midday stock movements: Winnebago, Texas Instruments, Netflix, Beyond Meat, and others

Market Movements at Midday

Here’s a look at some companies making waves around noon:

Vicor: The modular power components manufacturer saw a remarkable 25% surge after its third-quarter earnings per share exceeded Wall Street expectations.

Travel + Leisure: Shares jumped nearly 12% following a solid fiscal third-quarter report, earning $1.80 per share, which topped the anticipated $1.73.

Texas Instruments: This semiconductor firm fell more than 5% due to disappointing earnings and a lackluster outlook. Earnings came in at $1.48 per share, slightly below the projected $1.49, and the fourth-quarter guidance fell short of the expected $1.41.

Winnebago Industries: The camper manufacturer soared by over 25% after posting robust fourth-quarter earnings, reporting earnings of 71 cents per share, well above the expected 53 cents.

BioAge Labs: Shares climbed 13% after the biotech company announced its acquisition by Citi for an innovative obesity treatment.

OKLO: This nuclear power startup dropped nearly 14% despite projections of a 500% advance in 2025, highlighted by a Financial Times article. It was noted that they’re operating without revenue, a reactor license, or a binding power supply contract.

Beyond Meat: The plant-based meat company surged by 29%, continuing to thrive on meme stock enthusiasm. The stock leaped over 140% in one day earlier this week after a distribution deal with Walmart.

Krispy Kreme: The donut chain gained 8% as interest in meme stocks grew. It had a 14% rise earlier, similar to Beyond Meat and others.

Intuitive Surgical: Shares jumped 14% after reporting third-quarter results that surpassed expectations, with adjusted earnings of $2.40 per share on revenue of $2.51 billion.

Pegasystems: The software company’s shares rose nearly 10% following third-quarter results that showed adjusted earnings of 30 cents per share, beating the predicted 20 cents.

Capital One: The Virginia-based bank posted results that topped Wall Street expectations, leading to a 3% increase in stock price.

DraftKings: Shares saw a 2% uptick after announcing plans to acquire prediction market platform Railbird, enhancing their DraftKings Predictions service.

Hilton Worldwide: The hotel chain gained 4.8% thanks to a profit that surpassed expectations for the third quarter. Earnings reached $2.11 per share against a backdrop of $3.12 billion in revenue.

Western Alliance: This Arizona bank posted earnings of $2.28 per share, surpassing the expected $2.09 and recording a revenue of $938 million, exceeding the forecast of $890 million.

Netflix: The streaming giant saw a 10% drop after reporting third-quarter earnings that fell short of estimates, coming in at $5.87 per share against a predicted $6.97.

BitFarms: Shares declined 14% as investors reacted to plans for $300 million in convertible debt issuance due in 2031.

Barclays: The British bank’s shares rose 5% after announcing a £500 million share buyback alongside its third-quarter results, also raising its guidance for tangible equity returns.