Stock Groups

GameStop, Adobe, General Mills and more

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General Mills’ logo appears on the box of Raisin Nut Bran cereal purchased at Scotty’s Market in San Rafael on September 20, 2017.

Justin Sullivan | Getty Images News | Getty Images

These are the headline-grabbing companies in midday trading.

Adobe — Shares for the computer software company tumbled 10% in midday trading. Adobe reported weaker outlook but beat earnings. It expects to suffer a loss of $75 million due to Russia-Ukraine. Adobe reported adjusted quarterly earnings at $3.37 per share in the first quarter. This beats estimates by three cents.

General Mills — The food company’s stock price jumped 2.5% in midday trading. General Mills announced better-than-expected quarter-end earnings and raised its full year outlook. General Mills earned an adjusted 84c per share which was 6 cents higher than the consensus estimates.

Poshmark — Shares of the online clothing marketplace rose 4.6% a day after the firm reported a slightly smaller-than-expected loss and beat on revenue in the recent quarter. Poshmark’s current quarter guidance was also weaker than anticipated, which caused stock prices to fall initially.

Winnebago — Shares for the recreational vehicle maker plummeted 10% in midday trading. Winnebago posted adjusted quarterly earnings at $3.14 per share. This beat consensus estimates from $2.94 by analysts.

GameStop — The meme stock skyrocketed 13% in midday trading Wednesday after GameStop Chair Ryan Cohen on TuesdayAn additional 100,000 shares were bought. Cohen now owns 11.9% of the retailer.

Tilray Brands, Aurora Cannabis — Cannabis stocks jumped in midday trading after two major acquisitions were reported in the industry. Cresco Labs is set to acquire Columbia Care for $2 billion. accordingAccording to Reuters. Aurora Cannabis announced that it will purchase TerraFarma for C$38 billion. Tilray rose 3.5% and Aurora Cannabis rose 1%.

Okta — Shares of Okta fell more than 8% a day after the digital authentication company said it found no evidence of ongoing malicious activityFollowing a hacker attack that affected 366 customers, Okta announced the following: Okta claimed that hackers only had limited access.

Boeing — The aerospace stock lost 2.4% on Wednesday, mostly erasing Tuesday’s rebound, as investors continued to monitor the investigation of a plane crash in China. Chinese state media reported that one of the black boxes, which may have provided clues to the accident’s cause, was found.

Mosaic Company — Shares for Mosaic Company popped 2.7% in midday trading. Investors still love this fertilizer stock. They see big gains in the future for the company despite any possible shortages resulting from Russia-Ukraine conflict.

— CNBC’s Tanaya Macheel, Jesse Pound and Samantha Subin contributed reporting

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