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HomeTrading NewsStocks making the biggest moves midday: Salesforce, Five Below, Okta, Costco and more

Stocks making the biggest moves midday: Salesforce, Five Below, Okta, Costco and more

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A shopper loads a car with bottled water at a Costco Wholesalers in Chingford, Britain March 15, 2020.
John Sibley | Reuters

Check out the companies making headlines in midday trading.

Salesforceannounced the sudden departure of co-CEO Bret Taylor. The Dow component dragged down the 30-stock average during Thursday’s sell-off. Salesforce did report earnings and revenue that beat analyst expectations for the most recent quarter, however.

Costco

Snowflakeanalysts from Morgan Stanley and MoffettNathanson reiterated their bullish stance on the stock’s long-term prospects. The cloud data platform provider reported earnings that beat expectations but provided light revenue guidance, which sent the stock lower after-hours Wednesday.

Okta

Five Below

Victoria’s Secretreported mixed results from its most recent quarter. The lingerie company reported earnings of 29 cents per share on revenue of $1.32 billion. Analysts polled by Refinitiv were expecting earnings of 23 cents per share on revenue of $1.33 billion. JPMorgan downgraded the stock to neutral from overweight after the results, citing trouble in the company’s core business.

PVH

Splunk

Designer Brands

Dollar General

Aclaris TherapeuticsGoldman Sachs initiated coverage on Aclaris Therapeutics with a buy rating. The firm said the biopharma stock could jump more than 60% on a possible new treatment for immuno-inflammatory diseases.

NutanixBloomberg report that Hewlett Packard Enterprise

Lands’ End

Ally Financialdowngrade to underweight by Morgan Stanley, citing a cautious consumer credit outlook ahead.

GoodRxthe selloff in shares of GoodRx is overdone. The firm’s target suggests potential upside of more than 60%.

— CNBC’s Sarah Min, Tanaya Macheel, Michelle Fox, Jesse Pound, Carmen Reinicke and Yun Li contributed reporting

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