Stocks making the biggest moves midday: Dollar General, Salesforce, C3.ai, Chewy and more

Check retired the companies making the biggest moves midday.

Dollar General — Shares sank astir 20% aft the institution reported an earnings and gross miss for the archetypal quarter. The institution besides slashed its full-year outlook, citing a macroeconomic situation that is much challenged than it had expected.

NetApp — Shares popped 9.5% pursuing the company's net and gross bushed aft the adjacent Wednesday. Adjusted net per stock came successful astatine $1.54 for its fiscal 4th quarter, versus the $1.25 expected from analysts polled by StreetAccount. Revenue was $1.58 billion, versus the $1.54 cardinal anticipated.

Chewy — The favored retailer's banal surged astir 25% aft the institution posted net per share of 5 cents, topping the 4-cent nonaccomplishment expected from analysts polled by Refinitiv. Chewy besides bushed connected revenue. Its second-quarter gross guidance besides bushed expectations, per StreetAccount.

Hormel Foods — The nutrient producer's banal gained 5.1% aft the institution reported fiscal second-quarter net per stock of 40 cents, somewhat supra the 39 cents expected, per StreetAccount. However, gross came successful lighter than anticipated. Hormel besides said it made advancement connected inventory levels and saw "meaningful betterment successful capable rates."

Pure Storage — The banal soared 21% connected better-than-expected quarterly net and revenue. Pure Storage's gross guidance for the 2nd 4th besides topped estimates, per StreetAccount.

PVH — Shares tumbled 10% contempt the company's net and gross bushed aft Wednesday's close. Its full-year outlook was successful enactment with consensus, but its second-quarter GAAP earnings-per-share guidance of $1.70 was beneath the $2.26 expected, per StreetAccount.

CrowdStrike — The cybersecurity banal mislaid 2% aft the institution reported quarterly results that showed slowing gross growth.

Victoria's Secret — Shares tumbled 8% aft the lingerie retailer reported an net and gross miss. The institution besides reduced its full-year gross guidance successful the debased single-digits scope from the anterior midsingle-digit scope estimates.

C3.ai — The artificial quality institution dove 14% arsenic a weaker-than-expected outlook eclipsed stronger-than-expected net for the erstwhile quarter. The banal is inactive up sharply this twelvemonth arsenic investors stake connected AI.

Salesforce — Salesforce shares mislaid astir 4%. The driblet successful shares came arsenic outgo concerns and dwindling request for consulting deals overshadowed better-than-expected results and an improved full-year net outlook.

Okta — The banal sank much than 18%. While the unreality bundle institution lifted guidance for the 2024 fiscal year, absorption said "macroeconomic pressures are increasing." JPMorgan Chase downgraded the stock to neutral from overweight Thursday.

Veeva Systems — The machine exertion company's shares surged much than 18% aft Veeva posted better-than-expected net and gross for the archetypal 4th precocious Wednesday. The institution besides raised its full-year net per stock guidance.

Lucid Group — The luxury electrical conveyance shaper saw its shares driblet 14% aft it said Wednesday it's raising astir $3 billion done a caller banal offering, and immoderate $1.8 cardinal of the rise volition travel from a backstage placement with Saudi Arabia's Public Investment Fund, which owns astir 60% of the company.

bluebird bio — The biotech banal roseate 4.9% pursuing an upgrade to overweight from adjacent weight by Barclays. The steadfast said the institution has respective affirmative objective trials connected the horizon.

— CNBC's Samantha Subin, Yun Li, Alex Harring and Tanaya Macheel contributed reporting.