Here’s a look at the companies making headlines in midday trading: Walgreens Boots Alliance — Shares of Walgreens Boots Alliance plunged more than 24.5% after the retail company reported third-quarter earnings results that fell short of Wall Street expectations. The company also announced a reduction in its full-year adjusted profit forecast and said it would close underperforming stores to cut costs. Affected by this, CVS stock price fell more than 4%. Levi Strauss — The denim maker reported fiscal second-quarter revenue of $1.44 billion and shares fell 17.1%. That was slightly below the $1.45 billion consensus forecast by analysts polled by LSEG. International Paper — Shares of the paper company fell nearly 8% following news that Suzano is no longer pursuing a potential acquisition of the company. Suzano said that without receiving any response from the other party, it believed that the highest price for the overall value of the transaction had been reached. Hims & Hers Health — The telemedicine stock fell 10.3% after Hunterbrook Media published a report discussing alleged problems with the company’s weight-loss drug sales. Hunterbook’s hedge fund Hunterbrook Capital holds a short position in the company’s stock. RH — The furniture company’s shares rose 5.6% after the company announced that Chief Executive Gary Friedman completed $10 million worth of stock purchases at an average price of $216.10 per share. He now owns more than a quarter of the company’s total outstanding shares. Micron Technology — Memory chip shares fell nearly 7% after Micron Technology provided guidance that was broadly in line with expectations. As demand for artificial intelligence continues to boom, analysts have been hoping for more optimistic guidance that exceeds expectations. AeroVironment — The drone maker reported fiscal 2025 EBITDA guidance that was 5% lower than analysts expected, sending its shares tumbling nearly 16%, according to FactSet. However, AeroVironment reported fourth-quarter earnings and revenue that beat expectations. Arista Networks — The computer networking stock rose 4.3%. On Thursday, Citi raised its price target to $385 from $330, which would imply a 15% upside from Wednesday’s closing price. Arista Networks will benefit from Ethernet’s growing share of the artificial intelligence networking market, the bank said. Goldman Sachs – The stock fell about 2% after the latest results of the Federal Reserve’s stress test were released. The central bank said all 31 banks tested would be able to withstand a severe recession. —CNBC’s Alex Harring, Samantha Subin, Lisa Kailai Han and Michelle Fox contributed reporting.
