Midday trading saw significant movements in various companies. Kohl's shares fell 18% due to a cut in its sales outlook. Amgen's stock fell over 3% despite positive weight loss drug trial results. Morgan Stanley's shares dropped more than 2% after HSBC downgraded its stock. Best Buy's stock fell 7% after slashing its sales forecast. Franklin Resources' shares dropped over 3% due to fraud charges against a former executive. Dana Inc. saw a 9% increase after naming a new CEO and announcing restructuring plans. Abercrombie & Fitch's shares declined by about 5% despite beating earnings forecasts. Royal Caribbean's shares rose 2% after Bernstein initiated coverage with a positive rating. Stellantis shares dropped over 5% after Trump's comments on trade.
Check out the companies making headlines in midday trading . Kohl's – Shares tumbled 18% after the retailer cut its sales outlook amid an uncertain holiday backdrop . The latest quarter's earnings and sales fell short of Wall Street analysts' estimates, and the CEO will step down in January. Amgen — The biotech fell more than 3% after an experimental weight loss drug helped patients lose up to 20% of their weight after a year, the low end of investor expectations.
21 billion was higher than the $1.19 billion expected, and guidance for holiday sales and full-year results were stronger. Royal Caribbean — The cruise line advanced 2% after Bernstein initiated research coverage with an outperform rating. Stellantis — The Chrysler and Jeep owner dropped more than 5% after President-elect Donald Trump said he planned to impose 25% tariffs on imports from Mexico and Canada.
Kohl's Amgen Morgan Stanley Best Buy Franklin Resources Dana Inc. Abercrombie & Fitch Royal Caribbean Stellantis Midday Trading
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