{"id":120198,"date":"2021-08-20T17:53:00","date_gmt":"2021-08-20T17:53:00","guid":{"rendered":"https:\/\/fin2me.com\/?p=120198"},"modified":"2021-08-20T17:53:00","modified_gmt":"2021-08-20T17:53:00","slug":"stocks-making-the-biggest-moves-midday-foot-locker-spotify-deere-petco-and-more","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-midday-foot-locker-spotify-deere-petco-and-more\/","title":{"rendered":"Stocks making the biggest moves midday: Foot Locker, Spotify, Deere, Petco and more"},"content":{"rendered":"
Here are the companies making headlines in midday trading.<\/em><\/p>\n Foot Locker\u00a0\u2013 Foot Locker shares jumped over 8% after the shoe and apparel brand reported second-quarter earnings of $2.21 per share, beating analysts' estimates of $1.01, according to Refinitiv. The company also recorded an increase in comparable stores sales of 6.9%.<\/p>\n Spotify \u2013 Shares of the music steaming company rose more than 6% after Spotify's board of directors approved a stock buyback program of up to $1 billion.<\/p>\n Deere\u00a0\u2013 Shares of the heavy equipment maker fell roughly 1.7% even after a stronger-than-expected earnings report. The company reported quarterly earnings of $5.32 per share, compared with a consensus estimate of $4.58, according to Refinitiv. Its revenue topped forecasts as well amid solid demand for farm equipment. The stock is already up 30% this year.<\/p>\n The Buckle \u2013 Shares of The Buckle dropped more than 3% despite the retailer's better-than-expected quarterly earnings results. The company posted earnings of $1.04 per share on revenue of $295 million. Wall Street expected earnings of 86 cents per share on revenue of $226 million, according to Refinitiv.<\/p>\n Mosaic \u2013 Shares of the fertilizer company advanced more than 3% following an upgrade to buy from hold at HSBC. "We believe stronger fertilizer prices are here to stay with solid fundamentals," the firm said in a note to clients. HSBC has a $39 target on the stock, which is 32% above where shares closed Thursday.<\/p>\n Ross Stores \u2013 The department store's stock gained 0.3% in midday trading after the company's third-quarter guidance disappointed analysts. The company warned of a potential hit to customer demand due to the resurgent pandemic and higher shipping costs.<\/p>\n Lordstown Motors \u2013 The beleaguered electric vehicle startup saw its stock volatility continue on Friday, with shares rising more than 11%. The move comes after the stock hit a 52-week low on Thursday.<\/p>\n Petco \u2013 Shares of the retailer jumped 6.3% after Credit Suisse upgraded the stock to outperform. The investment firm said Petco's differentiated product offering should help the grow faster than the broader pet care industry.<\/p>\n Become a smarter investor with\u00a0CNBC Pro<\/strong>.\u00a0
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