Stocks move midday on earnings, merger news and product updates
Stocks move sharply as earnings, guidance and deal news drive midday trading See who rose and fell, plus the catalysts behind Wednesday's biggest market moves
Several major stocks moved sharply in midday trading on Wednesday as investors reacted to earnings reports, guidance updates and corporate announcements.
Centerspace rose more than 8% after announcing an allstock merger with Independence Realty Trust that would create a residential REIT with an enterprise value of $8.1 billion. Academy Sports and Outdoors gained 8% after raising its adjusted earnings outlook for the fiscal year ending January 2027.
Meta Platforms climbed 6% following the launch of a personal AI agent app, while Apple fell 1% ahead of its expected iPhone event. Among other notable movers, Casey's General Stores dropped more than 15% after mixed quarterly results, Signet Jewelers jumped 19% on strongerthanexpected earnings and higher guidance, and ServiceTitan and Braze declined after revenue results and outlooks missed analyst estimates. Chime Financial rose 4% after reporting betterthanexpected secondquarter earnings and issuing revenue guidance above expectations.