Stocks making the biggest moves midday: GameStop, Dexcom, Cano Health and more

Check retired the companies making headlines successful midday trading Thursday.

GameStop —  Shares of the video crippled retailer and meme banal jumped much than 8% adjacent aft the institution reported a wider-than-expected loss for the 3rd quarter. CEO Matthew Furlong told investors the institution "is attempting to execute thing unprecedented successful retail ... seeking to alteration a bequest concern erstwhile connected the brink of bankruptcy," successful a telephone Wednesday.

Dexcom — The shaper of glucose monitoring systems for diabetes absorption saw its shares emergence 4.6% aft announcing the U.S. Food and Drug Administration has cleared its G7 instrumentality for radical with each types of diabetes ages 2 years and older. Dexcom expects the devices to motorboat successful the U.S. aboriginal adjacent year.

Cano Health — Shares of the superior attraction supplier for seniors shed 19.8% aft Bloomberg reported that Daniel Loeb's Third Point sold its remaining involvement owed to concerns astir liquidity. The hedge money owned a 3.5% presumption successful October.

Ciena — Shares of Ciena surged 19.8% aft the shaper of networking instrumentality reported better-than-expected fiscal fourth-quarter results. The institution besides said it sees "outsized" gross maturation successful fiscal 2023.

DigitalOcean Holdings — Shares roseate 6.1% aft Needham initiated the banal arsenic a buy and said it expects its consumption-based exemplary and initiatives "to onshore larger customers and amended excavation the marketplace opportunity." It besides said the unreality infrastructure company's managed services offerings tin assistance its gross maturation successful the medium-term.

Express — The apparel retailer rallied much than 38% aft announcing a strategical concern with marque absorption steadfast WHP Global. CEO Tim Baxter said the concern volition "drive greater standard and profitability" and fortify its equilibrium sheet

PVH — The Tommy Hilfiger genitor added 2.7% aft UBS named the institution a apical pick. UBS said it was 1 of the astir apt to bushed expectations successful net adjacent twelvemonth from a database of astir 40 stocks, portion besides saying it had religion successful its concern translation plan.

C3.ai — Shares gained much than 7% after C3.ai surpassed estimates successful its latest net report. The endeavor artificial quality bundle institution reported a nonaccomplishment of 11 cents per stock connected gross of $62.4 million. Analysts polled by Refinitiv were forecasting a nonaccomplishment of 16 cents per stock connected gross of $60.9 million.

Lincoln National — Shares dropped 10.1% pursuing commentary that Lincoln National would intermission buybacks successful 2023 during a presumption astatine the Goldman Sachs Financial Services Conference, according to FactSet's StreetAccount.

— CNBC's Sarah Min, Carmen Reinicke, Yun Li, Alex Harring and Michelle Fox contributed reporting