Check out the companies making their biggest moves at noon: Paramount Skydance – The media giant pops over 31% and went well on its way to the best day of all time. It was not clear what had surged. H&R Block – The tax preparation company recorded fourth quarter revenue of $2.27 per share, higher than annual profit of $1.89 per share. Its revenue was $11.1 billion, 5% more than the $1.06 billion I posted a year ago. However, these figures were overwhelmed by investors, bringing stocks down 4%. Hillenbrand – After Bloomberg, the stock has won over 13% and reported that plastics manufacturers are considering strategic options, including the company’s potential for sales, citing people familiar with the issue. Capri Holdings – After JPMorgan upgraded from Neutral to overweight, the stock price has rushed over 8%, saying it is looking at the company on the “multi-year continuous revenue path.” Grocery Inventory – The group fell after Amazon announced its expansion of its same-day delivery program for fresh food. Kroger slipped over 4%, while the Albertsons fell over 1%. Cava – The rapid casual restaurant chain plunged 15% after revenue hit $280.6 million in the second quarter. The company also missed expectations for sales in the same store and lowered its forecast. However, Cava scored 16 cents per share in the quarter, surpassing Wall Street’s 13 cent estimate. CoreWeave – Artificial Intelligence Infrastructure Providers fell 18% despite posting revenues that exceeded their second quarter’s forecast. During the call to revenue with analysts, Chief Financial Officer Nitin Agrawal said revenue growth remains competent as supply and demand is provided. Circle – Stablecoin issuer’s shares fell 4%. The circle said it would provide 10 million shares to the public. Brinker International – Chilean parents scored 3.1% on revenue beats that exceeded their fourth quarter expectations. Brinker earned $2.49 per share excluding items against revenue of $1.43 billion. Analysts surveyed by LSEG had predicted a profit of $2.45 per share against $13.9 billion in revenue. Hanesbrands – The clothing manufacturer’s shares rose 4.7% after a roughly 28% spike in session on Tuesday. Hanesbrands said it has agreed to a $4.4 billion acquisition agreement by Canada-based Gildan Activewear. The Financial Times first reported on the transaction on Tuesday. V2X – Defense stocks rose 8% behind Bank of America upgrades to buy from Neutral. The bank said V2X is sustainable and should see a level of growth that can accelerate over the next few years. SailPoint – Following the upgrade by JPMorgan, the ID security stock rotated 8% from neutral to overweight. The bank said investors should buy stock dip. Kindercare Learning Companies – Shares plummeted 20% after daycare operators reported unfortunate second quarter results. Kindercare posted a profit of 22 cents per share with revenue of $700 million. According to FactSet, this is lower than analysts’ forecasts of earnings per share and revenue of $755.7 million. Following the results, Barclays downgraded the stock from overweight to equal weight. -CNBC’s Alex Hurling, Sean Conlon and Sarah Min contributed the report.
Noon stock making the biggest move: PSKY, CAVA, CPRI, SAIL
