Stocks making the biggest moves midday: PagerDuty, Dell, Tesla, Broadcom and more

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A sign is posted in front of a Broadcom office in San Jose, California, June 3, 2021.

Justin Sullivan | Getty Images

Check out the companies making headlines in midday trading:

VMware — The cloud services company slid 2.6%, a day after giving a mixed second-quarter report. While VMware surpassed expectations for earnings per share, it missed on revenue.

Lululemon Athletica — The stock popped 5.2% after the athletic apparel retailer reported an earnings beat following Thursday’s close. The fiscal second quarter earnings per share were $2.68 versus $2.54 that analysts polled at Refinitiv. Revenue of $2.21 billion was higher than the $2.17 billion expected by analysts. Lululemon has also raised its forecast for the year.

Broadcom — The chip stock lost 5% after the company issued fiscal fourth-quarter revenue guidance that was slightly below Wall Street estimates amid concerns about competition in the networking chip space. Papa John’s climbed 2% after Wedbush upgraded it to outperform, from neutral. The firm said shares were too cheap.

PagerDuty — The stock declined 6.7% after PagerDuty issued third-quarter earnings guidance that missed analysts’ expectations. The company is expecting earnings per share to be between 13 and 14 cents, which is below the StreetAccount consensus estimate of 15 cents. Baird downgraded PagerDuty from outperform to neutral, stating that its shares were in the “penalty boxes”. “

A Mark Precious Metals – Shares of precious metals trading firm, Mark Precious Metals, soared by 12.2% at midday after the company announced its latest quarterly results. It also announced a special dividend of $1 per share. The company’s revenue totaled 3,16 billion dollars, which was higher than the analysts’ expectations of $2.31 million. The company’s earnings per share came out at $1.71, however, which was lower than analysts’ expectations of $1.76, according to StreetAccount.

Dell Technologies — Dell Technologies surged 22.4% Friday after exceeding analysts’ second-quarter expectations. Dell Technologies reported earnings per share adjusted of $1.74, and revenues of $22.93 Billion. Morgan Stanley also named Dell a top pick in IT hardware. Morgan Stanley also named Dell a top pick in IT hardware.

Walgreens Boots Alliance — The drugstore chain declined 5.2% in midday trading Friday after the company announced Roz Brewer had stepped down as the company’s chief executive and left the board.

Tesla — Shares of Tesla dropped 4.5% after the electric vehicle maker cut prices for some Model S and Model X vehicles in China.

MongoDB — MongoDB gained 5.9% after topping Wall Street expectations in its latest quarter. MongoDB gained 5.9% after beating Wall Street expectations in its latest quarter. According to Refinitiv’s consensus estimate, the results exceeded expectations by 46 cents per share on revenue of $393 million.