Stock Groups

Wendy’s, Kohl’s, Snap -Breaking


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Sam Boughedda — U.S. equities are gaining Wednesday, with the up 0.8% at lunchtime. These are the midday Movers for May 25, 2018.

  • Dick’s Sporting Goods (NYSE:) stock has jumped more than 10% after initially tumbling premarket following its . Although the company’s full-year guidance was less than expected, earnings and revenue exceeded expectations.
  • After Tuesday’s 43% plunge SnapThe stock exchange (NYSE:) rose by more than 12% on Wednesday. The profit warning issued by social media giant, which said that the macroeconomic conditions had worsened more quickly than predicted, sent shares plummeting.
  • Use Intuit (NASDAQ) published its most recent after-hours Tuesday report, surpassing earnings and revenue estimates. This also raised revenue guidance for the full year.
  • Chain of department stores Nordstrom (NYSE:) is up over 10% midday after it raised its annual profit and sales forecasts, with comparable sales above pre-pandemic levels. With revenue exceeding analyst expectations, the company posted a larger-than-expected loss on its.
  • Wendy’sNews Trian Fund Management owns 19.4% of the company. They are currently exploring an acquisition for the restaurant chain.
  • Kohl’s (NYSE:) is trading 16% higher after the company revealed increased investment in stores, which will include 100 new smaller format stores, and Sephora entering 850 Kohl’s stores.