Market Movements Midday
Here’s a rundown of notable shifts in stock prices at midday:
Wendy’s — The fast-food chain saw its shares surge by 13% following a report from the Financial Times. Sources indicated that Nelson Peltz’s Trian Fund Management may be considering taking the company private.
National Vision — In contrast, the eyewear retailer’s stock dipped 6% after it provided a full-year earnings outlook that didn’t quite meet Wall Street’s expectations. They anticipate adjusted earnings between 94 cents and $1.09 per share, with revenue projected at $2.037 billion to $2.076 billion. Analysts had been predicting around 96 cents per share, or approximately $2.06 billion.
Aecom — Shares fell 6% after the construction firm reported disappointing fiscal third-quarter results. Their revenue came in at $3.59 billion, which is roughly a 14% decline year-over-year. The net services revenue for the Americas was reported at $808.4 million, falling short of FactSet’s estimate of $1.24 billion.
Quantinuum — Shares jumped over 21% after the quantum computing firm released a better-than-expected revenue outlook for 2026, anticipating annual revenue between $28 million and $32 million. Analysts had estimated around $26.5 million.
Velo3D — This 3D printing technology company also saw a boost, with shares rising 12% after raising its full-year earnings forecast. Velo3D now expects revenue of $65 million to $75 million, an increase from an earlier expectation of $60 million to $70 million. The FactSet consensus was $64.4 million.
Super Micro Computers — Data center infrastructure stocks increased by 14% as Super Micro Computers surpassed expectations for the fourth quarter and offered an optimistic outlook for first-quarter revenue and earnings. They expect adjusted earnings between $1.01 and $1.10 per share, significantly higher than the consensus estimate of 76 cents. Their revenue outlook ranges from $14.5 billion to $15.5 billion, outpacing expectations of $11.68 billion.
CoreWeave — The AI cloud company’s stock rose 18%. They reported a second-quarter adjusted operating margin of 5%, exceeding the StreetAccount estimate of 2.7%. Revenue hit $2.58 billion, marking a 112% year-over-year increase and beating the consensus of $2.56 billion.
Lumentum Holdings — Shares increased by 15% following strong fourth-quarter adjusted earnings and revenue that outperformed expectations. The company’s stock has more than doubled since the year began, benefiting from AI trends.
Pennies Group — The AI infrastructure company saw its stock soar by over 25% after reporting EBITDA and revenue that surpassed what analysts had predicted. Notably, the gross profit margin also exceeded expectations.
Coherent — Shares of this optoelectronic device manufacturer rose by over 9%, fueled by Lumentum’s gains as investors anticipa ted their own earnings announcement later this week.
H&R Block — Shares jumped 15% after the tax service provider announced a promising outlook for the fiscal year 2027, projecting adjusted earnings between $6.04 and $6.24 per share, along with revenue ranging from $4.11 billion to $4.16 billion. In comparison, the consensus estimate was $5.86 per share, or $4.05 billion.
Kontoor Brands — The apparel company experienced a 7% increase in stock price after its second-quarter profit slightly exceeded expectations, and they provided an optimistic full-year profit outlook. However, revenue fell short, coming in at $584 million versus the expected $587 million.
Cava Group — Shares rose 12% after the Mediterranean-style fast-casual chain reported second-quarter earnings of 19 cents per share, outpacing the LSEG estimate of 18 cents. Their sales reached $368.4 million, surpassing expectations of $361 million.
