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Stocks making the biggest moves midday: General Motors, Novo Nordisk, Kenvue, CrowdStrike and more

Garry Wills by Garry Wills
March 5, 2025
in Business Finance
Stocks making the biggest moves midday: General Motors, Novo Nordisk, Kenvue, CrowdStrike and more
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Check out the companies making headlines in midday trading: Box — Shares declined more than 3% after the cloud storage company’s top-line guidance fell short of estimates. Box sees first-quarter revenue coming in between $274 million and $275 million, while analysts polled by LSEG expected $279.5 million. Box’s fourth-quarter revenue of $280 million exceeded Wall Street’s consensus of $279 million. AeroVironment — Shares fell 5% after the defense contractor provided weak full-year guidance. AeroVironment expects adjusted earnings for the period to come in between $2.92 and $3.13 per share on revenue of $780 million to $795 million. Analysts surveyed by LSEG were looking for $3.45 per share and $821 million in revenue. Earnings and revenue for the fiscal third quarter also missed expectations. Kenvue — Shares dropped about 1% after Kenvue settled its proxy fight with activist Starboard Value, adding three new directors to its board. Starboard took a significant stake in Kenvue, formerly the consumer health-care division under Johnson & Johnson, and expressed disappointment in its stock performance and management. CrowdStrike — Shares tumbled 7% after the cybersecurity firm guided for first-quarter revenue and operating income numbers that were below expectations. However, CrowdStrike expects its full-year revenue to come in the range of about $4.74 billion to $4.81 billion, which encompasses the $4.77 billion consensus analysts had penciled in, according to FactSet. Abercrombie & Fitch — The apparel retailer tumbled more than 11% after offering a disappointing sales forecast and saying demand for apparel was weak in February. The company, which also owns the Hollister and Gilly Hicks brands, expects 2025 sales growth of between 3% and 5%, which is below the 6.8% consensus from LSEG. For the fiscal first quarter, the retailer expects to earn between $1.25 and $1.45 per share, compared with an analyst estimate of $1.97 per share. Automakers — Shares of General Motors , Ford and Stellantis climbed higher after Bloomberg News reported that the Trump administration may delay auto tariffs for one month. General Motors and Ford shares gained 5% and 4%, respectively, while Stellantis jumped nearly 8%. Dollar Tree — Shares of the discount chain rose nearly 2% after Dollar Tree announced Stewart Glendinning as the company’s next chief financial officer beginning March 30. Novo Nordisk — Novo Nordisk advanced 4% after it announced plans to sell its weight loss drug Wegovy for less than half its usual price through a new direct-to-consumer online pharmacy . Moderna — The biotech stock rallied 7% after CEO Stephane Bancel disclosed he bought around 160,000 shares, or $5 million worth of stock on March 3. The Campbell’s Company — The canned foods company fell 3% after cutting its full-year guidance below analysts’ estimates. Fiscal second-quarter revenue also came in lower than expected. The company cited weakness in its snacking segment. Foot Locker — Shares popped more than 5% after the shoe retailer reported an earnings beat and stronger-than-expected same-store sales in the fourth quarter. — CNBC’s Sean Conlon, Pia Singh, Lisa Kailai Han and Christina Cheddar-Berk contributed reporting.



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