Stocks making the biggest moves midday: Miami International, Paramount Skydance, Advance Auto Parts & more

CNBC

3 hours ago

Check out the companies making the biggest moves midday: Miami International Holdings — The parent of Miami-based exchange operator MIAX surged more than 43% in its public market debut at the New York Stock Exchange. The company priced its IPO at $23 per share. It last traded above $31. Paramount Skydance — The media company fell more than 6%, giving back some of Wednesday's stunning surge. Paramount rallied 37% in the previous session, marking its best day ever. Amcor — The packaging company plummeted more than 14% after its fiscal fourth-quarter results missed analyst estimates. The company earned 20 cents per share on revenue of $5.08 billion. That's below the StreetAccount consensus of 22 cents per share in earnings and $5.19 billion in revenue. Its full-year guidance was also soft. SITime — The tech equipment maker rose more than 1% after UBS initiated coverage of with a buy rating and a price target that signals about 20% upside from Wednesday's close. "SiTime's leadership position within the MEMS timing market has led to design wins at Apple and NVDA that we believe are catalysts for 36%/30% Y/Y total revenue growth in CY26/CY27e," UBS said. Advance Auto Parts — Shares fell more than 9% after the auto parts retailer slashed its 2025 outlook. Advance Auto expects to earn between $1.20 and $2.20 per share from its continuing operations, down from a prior forecast of $1.50 to $2.50 per share. The company reiterated its sales and cash flow forecasts. It also said it expects tariffs to "have a more pronounced impact" in the second half of the year. Li Auto — Shares fell about 5% following JPMorgan's downgrade of the Chinese electric vehicle company to neutral. Analyst Nick Lai cited stiff competition as a reason for caution. Tapestry — The Coach New York and Kate Spade parent sank 15% after its full-year outlook missed analysts' estimates. Tapestry forecast full-year earnings of $5.30 to $5.45 per share, while analysts polled by FactSet were looking for $5.49. Deere — The farm equipment maker dropped about 6% after Deere trimmed the top end of its full-year outlook. The Moline, Illinois-based manufacturer forecast net income of $4.75 billion to $5.25 billion, versus a previous forecast of $4.75 billion to $5.50 billion. Ibotta — The tech company plummeted more than 32% after second-quarter results missed analysts' estimates. Ibotta earned 8 cents per share, below the 19 cents per share that analysts surveyed by LSEG estimated. Ibotta reported revenue of $86 million, below analysts' forecast of $90.5 million. Coherent — The semiconductor maker fell 24% after its fiscal fourth-quarter non-GAAP operating margin totaled 18% against a FactSet consensus estimate of 18.2%. A fiscal first-quarter earnings per share forecast, excluding one-time items, of 93 cents to $1.13 compared to analysts' consensus estimate of $1.02 in a range of 89 cents to $1.23, according to FactSet data. Fiscal first-quarter revenue was pegged at $1.46 billion to $1.60 billion against a consensus $1.55 billion. Bullish — The crypto exchange rallied 12%. The stock soared more than 83% on Wednesday, its first day as a public company . Kratos Defense and Security Solutions — Shares gained about 2% after BTIG upgraded the defense stock to buy on Thursday. Analyst Andre Madrid said the company could be a key beneficiary of wider defense budgets. DLocal — The financial technology stock surged more than 23% on the heels of better-than-expected second-quarter earnings and revenue. HSBC upgraded DLocal to buy, with analyst Neha Agarwala noting better cost controls and new products that could drive revenue. — CNBC's Christina Cheddar-Berk, Alex Harring, Sean Conlon and Brian Evans contributed reporting.