Stock Groups

GameStop, Adobe, General Mills and more


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