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Check out the companies making headlines in midday trading.
Media stocks — A handful of media and studio stocks rose Wednesday after the nearly 150-day writers’ strike ended. Shares of Warner Bros. Discovery and Paramount Global jumped more than 2.5%, while Comcast added 0.9%. Disney hovered near the flatline while Netflix inched up 0.3%.
MillerKnoll — The furniture stock soared more than 27% after posting fiscal 2024 first-quarter earnings that topped Wall Street’s expectations and upped its earnings guidance for the full year. Excluding items, MillerKnoll said it now expects earnings per share to range between $1.85 and $2.15, versus its prior guidance of $1.70 to $2.00 per share.
ChargePoint, Blink Charging — Shares of ChargePoint and Blink Charging gained 4.1% and 5.5%, respectively, after UBS initiated coverage of the electric vehicle charging stocks with buy ratings. Both stocks look well-situated to capitalize on accelerating EV adoption, the firm wrote.
Costco — Shares of the wholesale superstore added 2.1% on the heels of a fourth-quarter earnings beat. Costco executives noted higher store traffic and an 8% uptick in memberships year over year.
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