Stocks making the biggest moves midday: WSM, MU, M, SLG
(CNBC): Midday market movers include Williams-Sonoma, nVent Electric, ZTO Express, Bob’s Discount Furniture, and more.
Several companies are seeing significant stock movements midday. Williams-Sonoma reported better-than-expected earnings, leading to a 6% rise in shares. nVent Electric raised its growth targets, driving shares up by over 4%. ZTO Express saw a 7% increase after a strong fourth-quarter earnings report. Bob’s Discount Furniture jumped 2.5% following its first earnings report since going public. Gemini Space Station shares dropped more than 15% due to a downgrade by Citi. Micron Technology had a 1% increase ahead of its earnings report. Macy’s climbed 4% on positive fourth-quarter results. Constellation Brands gained 1.1% after an upgrade to buy from Citi. Lululemon exceeded expectations for the fiscal fourth quarter, leading to a 5% rise in shares. Knight-Swift Transportation advanced 1% following an upgrade by UBS. SL Green Realty saw a 2.5% increase after an upgrade to buy from Deutsche Bank Research. Docusign gained 1.4% after beating fourth-quarter estimates and providing strong guidance for the first quarter and fiscal year.
