Stocks making the biggest moves midday: Figma, Joby Aviation, CommScope, Wayfair & more

CNBC

11 hours ago

Check out the companies making the biggest moves midday: Figma — The design company tumbled 22%, giving back a chunk of its IPO gains from last week. Figma began trading at the New York Stock Exchange on Thursday, with the stock more than tripling in value on its first day. On Friday, shares gained another 5%. Fortrea — The pharma company rallied more than 21% following a Baird upgrade to outperform. "This isn't about near-term numbers or Q2 or even 2025, this is about the long-term compounding opportunity. We anticipate being here for the long game," Baird said. Idexx Laboratories — The health-care diagnostics company reported second-quarter results that beat expectations, sending shares higher by 26%. Idexx earned $3.63 per share on revenue of $1.11 billion. Analysts polled by FactSet expected a profit of $3.30 per share on revenue of $1.07 billion. American Eagle Outfitters — Shares surged nearly 20% after President Donald Trump called the retailer's campaign with actress Sydney Sweeney the "'HOTTEST' ad out there." American Eagle has faced backlash over the campaign, with critics deeming it sexist and tone deaf. TG Therapeutics — Shares dropped almost 15% after the biotech company reported second-quarter earnings that missed the mark. TG Therapeutics reported earnings of 17 cents per share, while analysts polled by FactSet expected a profit of 21 cents per share. Joby Aviation — The electric aircraft maker rallied 20% after announcing it will acquire Blade's passenger business for $125 million. "This is a strategically important acquisition that will support the successful launch of Joby's commercial operations in Dubai, our subsequent global rollout and our continued leadership in the sector, " said Joby CEO JoeBen Bevirt in a statement. The deal is expected to close "in the coming weeks," the company said. Berkshire Hathaway — Class A shares of Warren Buffett's conglomerate dipped about 3% after Berkshire's operating profit fell 4% year over year to $11.16 billion in the second quarter, affected by a decline in insurance underwriting. Buffett's cash hoard of $344.1 billion remained near a record high. The conglomerate was a net seller of stocks for an 11th quarter in a row. Amphenol — The cable parts supplier rose 3% after agreeing to acquire CommScope's connectivity and cable solutions business for $10.5 billion in cash. The sale is expected to close within the first half of 2026. Shares of CommScope surged 75%. Loews — Shares added 2% after the insurance company reported second-quarter earnings of $1.87 per share, higher than its year-ago profit of $1.67 per share. The company's last-quarter revenue of $4.56 billion also marked a 7% rise from its year-ago sales of $4.27 billion. Energizer — The stock jumped 24% after the battery manufacturer reported a revenue beat for its third quarter and raised its full-year guidance. Energizer now anticipates adjusted earnings between $3.55 to $3.65 per share for the full year, up from its prior guidance of $3.30 to $3.50 a share. That's above the consensus estimate of $3.37 per share, according to FactSet. Wayfair — The furniture retailer surged 11% after it blew past Wall Street expectations for the second quarter. Wayfair reported adjusted earnings of 87 cents per share on $3.27 billion in revenue, while analysts polled by FactSet anticipated 33 cents per share and $3.13 billion, respectively. Tyson Foods — The maker of Ball Park franks and Jimmy Dean sausage advanced 4% after fiscal third-quarter adjusted earnings of 91 cents per share topped the 80 cents per share estimated by analysts surveyed by FactSet. Revenue of $13.88 billion also came in above the expected $13.54 billion. On Semiconductor — The semiconductor maker dropped 11% after issuing lackluster third quarter guidance of 54 cents to 64 cents per share, while analysts polled by FactSet anticipated 58 cents per share. The lower end of expected revenue of $1.465 billion to $1.565 billion fell short of the consensus estimate of $1.50 billion. On Semi met earnings expectations and topped revenue estimates in its second quarter. Bruker — The maker of scientific instruments for molecular research shed nearly 6% after lowering fiscal-year earnings and revenue guidance. Bruker expects earnings to reach $1.95 to $2.05 per share, down from a previous range of $2.40 and $2.48 per share. Bruker also trimmed its revenue guidance to a range of $3.43 billion to $3.5 billion, down from the prior $3.48 billion to $3.55 billion. Spotify — Shares gained 6% after Spotify said it would raise the price for its premium individual subscription in several markets. Tesla — The electric vehicle stock added 1.7% after Tesla's board approved a compensation package for CEO Elon Musk consisting of 96 million shares of restricted stock valued at a total of about $29 billion. — CNBC's Lisa Han, Alex Harring and Yun Li contributed reporting.