These are the stocks posting the largest moves in midday trading.
— Shares of Shake Shack plunged more than 13% after the restaurant chain missed revenue expectations for its fourth-quarter report and delivered guidance below what analysts expected. The company reported 6 cents in adjusted earnings per share and $151 million in revenue, but Wall Street expected a 1 cent loss per share and $153 million in revenue, according to Refinitiv. Same store sales decreased 3.6%.
A Wedbush analyst maintained an outperform rating on the stock but said in a note to clients that "management has clearly lost any Street credibility, the stock will be under heavy pressure this morning and it would be easy to throw in the white towel."— Shares of HP Inc. climbed 7% after topping street estimates for its fiscal first quarter results. The company reported 65 cents in adjusted earnings per share, above the 54 million expected by analysts, according to Refinitiv.
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