Check out the companies making the biggest moves midday: Amazon – The e-commerce behemoth slipped 2.4% after CNBC’s David Faber reported that founder and CEO Jeff Bezos is “aggressive” in selling more shares of Amazon. The total sale could exceed $1 billion, sources told Faber. Burlington Stores – Shares soared 21.7% after the retailer raised the bottom line of its full-year earnings guidance and said it expects total sales growth of 11% in 2024. That’s higher than analysts expect. Burlington also reported a strong start to November. Medtronic – The medical equipment stock jumped 3.8% after the company posted better-than-expected earnings. Adjusted earnings per share came in at $1.25 on revenue of $7.98 billion, compared with the $1.18 on revenue of $7.92 billion expected by analysts polled by LSEG. Kohl’s – Shares fell more than 9% after the retailer reported weaker-than-expected revenue for the third quarter. Same-store sales were down 5.5%, it said, compared with StreetAccount’s estimate of 3.8%. Kohl’s lowered its full-year same-store sales outlook. American Eagle Outfitters – The apparel retailer sank 16% after its full-year operating income guidance came in weaker than expected. C3.ai – Shares of the artificial intelligence software company added 3.4% in midday trading after being upgraded to outperform Oppenheimer. Analyst Timothy Horan noted that C3.ai remains “one of the few true plays helping customers drive new revenue streams.” ” Baidu – US shares of the Chinese technology giant jumped 1.5% after revenue came in slightly above analysts’ expectations. Baidu reported 34.45 billion yuan for the quarter, topping the consensus estimate of 34.33 billion yuan from analysts surveyed by LSEG. Lowe’s – Shares of the home improvement retailer fell 2.7% after Lowe’s reported softer-than-expected revenue for the third quarter. The company generated $20.47 billion in revenue for the three months ended November 3. Analysts surveyed by LSEG were looking for $20.89 billion. The company also lowered its full-year sales outlook, citing weaker demand from do-it-yourself customers. Symbotic – The stock soared 37% after Symbotic reported revenue and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the fiscal fourth quarter that topped expectations. VMWare – Shares rose 4.7% after Broadcom announced that it had received all necessary regulatory approvals to acquire VMWare and plans to close the $69 billion acquisition on Wednesday. Broadcom shares were down less than 1%. Dick’s Sporting Goods – The athletic goods retailer saw its shares rise 4.3% after posting strong quarterly earnings and revenue for its fiscal third quarter that beat expectations. -analysis. The company also raised its full-year outlook after downgrading it in the previous quarter due to theft concerns. Abercrombie & Fitch – The stock slipped 2.7% after the apparel retailer reported a big earnings beat for its third quarter, but delivered fourth-quarter guidance that matched consensus estimates. Abercrombie shares have gained more than 200% in the year to date. Agilent Technologies – The life sciences stock gained 8.3%. Agilent Technologies on Monday reported fourth-quarter earnings and revenue that topped FactSet consensus estimates, although its fiscal first-quarter and full-year guidance fell short of expectations. – CNBC’s Brian Evans, Alex Harring, Jesse Pound, Tanaya Macheel and Sarah Min reported.
