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Stocks making the biggest moves midday: Target, Urban Outfitters, Tesla, Shopify and more – CNBC

Self-service checkout station at a Target store in Miami Beach, Florida.

Jeff Greenberg | Universal Image Group | Getty Images

Check out the companies that are trending in intraday trading.

the goal — The retailer’s shares fell more than 7% after it reported weaker-than-expected first-quarter profit and sales fell 3% from a year ago.

Analog Devices — The chipmaker’s stock soared more than 8% after second-quarter results beat analysts’ expectations. Massachusetts-based Analog reported adjusted earnings per share of $1.40 on revenue of $2.16 billion, compared to the consensus estimate of earnings per share of analysts surveyed by FactSet of $1.26. $, sales were expected to be $2.11 billion.

Shopify — The investment bank noted that Shopify’s current stock price provides an attractive entry point for investors, as the stock rose more than 3% following additional buying from Goldman Sachs.

urban outfitters — The clothing retailer fell 4% after rising before the opening bell on Tuesday, despite posting strong first-quarter results. Urban Outfitters reported adjusted earnings of 69 cents per share, which beat the 52 cents per share expected by analysts surveyed by LSEG. Sales of $1.2 billion exceeded the consensus estimate of $1.18 billion.

garmin — Shares fell 4.8% after Bank of America downgraded the company’s rating from neutral to underperform. The company said the stock was “perfectly priced”, raising concerns that the current valuation was unsustainable.

PDD Holdings — The Chinese retailer’s inventory rose about 2% as first-quarter revenue rose 131%.

toll brothers — Shares fell nearly 8% after the company beat Wall Street’s second-quarter earnings expectations. Toll Brothers posted earnings of $4.55 a share on revenue of $2.65 billion, compared with analysts’ estimates, according to LSEG Research, who called for earnings of $4.14 a share and revenue of $2.53 billion.

his and her health —The digital pharmacy’s stock fell nearly 5% after Citi downgraded it to neutral, with the bank claiming further gains were already priced into the stock price following news it would add GLP-1 drugs to its platform .

Lululemon — Athleisure stocks fell more than 6% after Wall Street Journal report report The company’s chief product officer has announced that he is leaving the company.

tesla Shares in Elon Musk’s electric car company fell more than 3% after its European sales fell to a 15-month low, Bloomberg reported.

first solar — Shares soared more than 18% in midday trading. UBS on Tuesday raised its price target for solar power company First Solar by more than 7%. The company claims investors are overlooking First Solar’s potential benefits from the rise of artificial intelligence. Other alternative energy stocks also soared on hopes that AI will boost electricity demand. bloom energy It jumped 18%. sunnova energy 14% additional. and enphase energy, fluence energy and Sunrun All increased by 10%.

williams sonoma — The home furnishings retailer fell 8% even though first-quarter sales beat expectations. The company said it expects full-year sales to be in the range of down 3% to up 3%, while analysts’ consensus was for a 0.4% decline, according to FactSet.

moderna — The drug developer soared more than 11% to a new 52-week high and its eighth straight day of gains. Moderna has soared about 60% over the past month, including its latest earnings release on May 2nd.

—CNBC’s Alex Harring and Lisa Kailai Han contributed reporting.

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