A look at companies in the spotlight in midday trading: Walgreens Boots Alliance — Shares plunged more than 22% after the retailer reported third-quarter earnings results that missed Wall Street expectations. The company also issued a cut in its full-year adjusted profit outlook and said it would close underperforming stores as part of a cost-cutting effort. CVS shares tumbled nearly 4% in tandem. Levi Strauss & Co. — The denim maker’s shares fell 15.4% after it reported second-quarter revenue of $1.44 billion, slightly below the consensus estimate of $1.45 billion from analysts surveyed by LSEG. International Paper — The paper company’s shares fell more than 7% on news that Suzano is no longer pursuing a takeover of the company. Suzano said it hadn’t heard back from the other party and believed the prevailing valuation had been reached at the top of the deal. Hims & Hers Health — Telemedicine shares fell more than 7% after Hunter Brook Media released a report discussing alleged issues with the company’s weight loss drug sales. Hunter Brook Capital, a hedge fund with which Hunter Book is affiliated, is shorting the company’s shares. RH — The furniture company rose about 9.2% after CEO Gary Friedman said he completed a stock purchase worth $10 million at an average price of $216.10 a share. He now owns just over a quarter of the company’s outstanding shares. Micron Technology — Memory chip shares fell more than 7% after Micron Technology issued guidance that was roughly in line with expectations. Analysts had hoped for upbeat guidance that beat expectations as demand for artificial intelligence continues to surge. AeroVironment — The unmanned aerial vehicle maker’s shares slumped 7.7% after the company issued fiscal 2025 EBITDA guidance that was 5% below analysts’ expectations, according to FactSet. But AeroVironment beat expectations on fourth-quarter profit and revenue. Arista Networks — Computer networking shares rose about 4%. Citi on Thursday raised its price target to $385 from $330, implying a 15% upside from Wednesday’s closing price. The bank said Arista Networks would benefit from Ethernet’s growing share of the AI networking market. Goldman Sachs — Shares fell more than 2% following the latest results of the Federal Reserve’s stress tests. The central bank said all 31 banks tested could withstand a severe recession scenario. — CNBC’s Alex Harring, Samantha Subin, Lisa Kai-Lai Han and Michelle Fox contributed to the report.
WBA, LEVI, IP, etc.
Services
© 2026 Business Investopedia. All Rights Reserved.