© Reuters.
By Sam Boughedda
Investing.com — U.S. indices are mixed Thursday with the up almost 0.88% at lunchtime. Here are your midday movers on Thursday, May 19th.
- BJ’s Wholesale Club (NYSE:) beat and revenue expectations. Comparable-store sales were better than expected, while the company said membership has never been stronger.
- Canada Goose (NYSE:) has jumped 10% after the luxury winter clothing retailer forecasted full-year profit above market estimates, with inflation not yet impacting demand for luxury goods.
- After initially tumbling, Kohls (NYSE:) is now up 1.67%. The company’s stock fell earlier in the session after it cut its full-year earnings forecast, becoming the latest retailer to warn of the inflation impact on its business.
- Under Armour (NYSE:) stock is down 12% following news its CEO Patrik Frisk will step down as of June 1 and be replaced by Chief Operating Officer Colin Browne on an interim basis. The company’s shares were downgraded to Equal Weight from Overweight by Morgan Stanley, who said the CEO’s departure lowers confidence in the company’s turnaround.
- Cisco Systems Inc (NASDAQ:) has plunged 13% after it cut its 2022 revenue growth guidance due to China’s Covid-related lockdowns and the Ukraine conflict.
- NeuroMetrix Inc (NASDAQ:) stock has surged 38% on news that its Quell wearable neuromodulation device has received FDA De Novo authorization to reduce the symptoms of fibromyalgia in adults with high pain sensitivity.
Be the first to comment