Stocks making the biggest moves midday: American Express, Intel, Silvergate Capital and more

Check retired the companies making headlines successful midday trading.

American Express — The recognition paper institution saw an 11% leap successful its shares aft it issued upbeat net and gross guidance for 2023 that was amended than expected by Wall Street analysts. The institution besides said it volition summation its dividend by 15%.

Intel — The chipmaker saw its shares driblet astir 7% aft its latest fiscal results missed analysts' estimates and showed significant declines in the company's sales, nett and gross margin. The institution besides forecasted a nonaccomplishment for the existent quarter.

Silvergate Capital — The crypto-focused slope slid much than 22% aft it suspended dividend payments connected its Series A preferred stock, successful an effort to sphere superior arsenic it navigates caller crypto marketplace volatility. The banal has been falling since November, aft crypto speech FTX, for whom Silvergate held deposits, collapsed successful scandal.

Hasbro — Shares tumbled 6.7% aft the toymaker warned of weak vacation 4th results and said it would chopped 1,000 jobs, which equates to astir 15% of its workforce.

Colgate-Palmolive — Shares fell much than 4% aft Colgate-Palmolive released its latest net results. The user products steadfast reported a bushed connected the apical and bottommost lines, according to statement estimates from Refinitiv. Colgate sees low- to mid- single-digit net maturation for the afloat year, compared with forecasts for 7.6% growth.

KLA — Shares of KLA, a semiconductor manufacturer, shed astir 5% aft giving a weaker-than-expected fiscal third-quarter forecast. The guidance came adjacent arsenic the institution reported net that bushed connected apical and bottommost lines.

Chevron —  Chevron shares fell astir 5% aft the institution reported quarterly net of $4.09 per stock ex-items, which was abbreviated of the analysts' estimation of $4.38 per share, according to Refinitiv. The institution cited plus writedowns and rising costs for the miss.

Chewy — Shares of the favored retailer roseate much than 4% pursuing an upgrade by Wedbush to outperform from neutral. The steadfast expects Chewy to payment "from dependable request for consumables successful 2023."

Moderna — Shares of the vaccine shaper fell astir 2% pursuing a Reuters report that the European Union is successful talks with Pfizer and BioNTech to little the fig of Covid-19 vaccine doses it's committed to purchasing this twelvemonth successful speech for paying a higher terms per dose.

Visa — The payments banal roseate by much than 2% aft a better-than-expected fiscal archetypal quarter. Visa reported $2.18 successful adjusted net per stock connected gross of $7.94 billion. Analysts surveyed by Refinitiv had expected net of $2.01 per stock connected gross of $7.7 billion. Net gross roseate 12% twelvemonth implicit year, with full cross-border measurement climbing 22%.

 — CNBC's Carmen Reinicke, Jesse Pound, Sarah Min and Alex Harring contributed reporting