The General Mills logo appears on the Raisin NutBran cereal box at Scotty’s Market on September 20, 2017 in San Rafael, CA.
Justin Sullivan | Getty Images News | Getty Images
Check out the companies that make headlines for trading at noon.
Adobe — Computer software company stocks fell 10% in noon trading. Adobe reported that it outperformed its earnings, but the outlook was weak. The company expects a $ 75 million impact on its business from the conflict between Russia and Ukraine. In the first quarter, Adobe reported three cents above estimates and adjusted quarterly earnings of $ 3.37 per share.
General Mills — Food company stocks surged 2.5% in noon trading. General Mills raised its full-year outlook by reporting higher-than-expected quarterly earnings. The company has adjusted revenue of 84 cents per share, 6 cents more than the consensus estimate.
Poshmark — Online clothing market share rose 4.6% in one day after the company reported slightly less than expected losses in the last quarter and exceeded earnings. Poshmark also reported weaker guidance than expected this quarter. As a result, stock prices initially fell.
Winnebago — RV maker stocks plummeted 10% in noon trading. Winnebago reported that it exceeded analysts’ consensus estimate of $ 2.94 and adjusted quarterly earnings of $ 3.14 per share.
GameStop — GameStop chair Ryan Cohen bought an additional 100,000 shares on Tuesday, followed by a 13% surge in meme shares in a noon deal on Wednesday. Cohen’s stake in video game retailers has grown to 11.9%.
Tilray Brands, Aurora Cannabis — Cannabis shares soared in noon trading after two major acquisitions were reported in the industry. According to Reuters, Cresco Labs will acquire Columbia Care in a $ 2 billion transaction. Aurora Cannabis said it would buy Terra Farma for C $ 38 billion. Tilray soared 3.5% and Aurora Cannabis soared 1%.
Okta — Okta’s share fell by more than 8% a day after digital certification companies said they found no evidence of malicious activity following the hacker’s infringement that affected 366 customers. Okta said hackers had limited access.
Boeing — Investors continued to monitor investigations into a plane crash in China, with aerospace stocks down 2.4% on Wednesday, almost eliminating Tuesday’s rebound. According to Chinese state media, one of two black boxes in flight was discovered that could reveal the reason for the crash.
Mosaic Company — Mosaic Company’s share price surged 2.7% in the noon transaction. Fertilizer inventories continue to be popular with investors who see significant benefits to the company following the shortages caused by the conflict between Russia and Ukraine.
— CNBC’s Tanaya Macchel, Jesse Pound, and Samantha Subin contributed to the report.