Stocks making the biggest moves midday: Salesforce, Five Below, Okta, Costco and more

Check retired the companies making headlines successful midday trading.

Salesforce — Shares of the cloud-based bundle institution slid much than 9% aft the steadfast announced the abrupt departure of co-CEO Bret Taylor. The Dow constituent dragged down the 30-stock mean during Thursday's sell-off. Salesforce did study net and gross that bushed expert expectations for the astir caller quarter, however.

Costco – Shares of retailer Costco shed astir 6% aft the institution reported softer-than-expected income figures for November that could awesome a anemic user heading into the vacation buying season. The institution announced that income successful November roseate 5.7% to $19.17 cardinal connected the year, little than the maturation seen successful October and September.

Snowflake — Shares of Snowflake gained much than 4% aft analysts from Morgan Stanley and MoffettNathanson reiterated their bullish stance connected the stock's semipermanent prospects. The unreality information level supplier reported net that bushed expectations but provided airy gross guidance, which sent the banal little after-hours Wednesday.

Okta — The individuality absorption bundle provider's banal surged much than 23% aft the institution shared a better-than-expected outlook and topped Wall Street's estimates for the caller period. Analysts had anticipated a nonaccomplishment of 24 cents for the quarter.

Five Below - Shares of the discount retailer jumped much than 13% aft Five Below bushed estimates connected the apical and bottommost lines for the latest quarter. The institution reported 29 cents of net per stock connected $645 cardinal of revenue. Analysts surveyed by Refinitiv were expecting 14 cents of net per stock and $613 cardinal of revenue. Fourth-quarter guidance besides topped expectations. CEO Joel Anderson said successful a connection that summons and transaction metrics improved during the 3rd quarter.

Victoria's Secret — Shares fell 4% aft Victoria's Secret reported mixed results from its astir caller quarter. The lingerie institution reported net of 29 cents per stock connected gross of $1.32 billion. Analysts polled by Refinitiv were expecting net of 23 cents per stock connected gross of $1.33 billion. JPMorgan downgraded the banal to neutral from overweight aft the results, citing occupation successful the company's halfway business.

PVH — Shares surged 10% aft PVH surpassed Wall Street's expectations and posted beardown quarterly guidance, saying it expects full-year revenues to decorativeness wrong the higher extremity of its expected range.

Splunk — Splunk's banal added 13% connected coagulated quarterly results and an upbeat full-year forecast. The institution besides noted benefits from cost-cutting.

Designer Brands – Shares of the footwear retailer tumbled 22% aft the institution reported quarterly net and gross that missed Wall Street estimates. It besides chopped its nett outlook, citing the volatile economical environment.

Dollar General – The discount retailer saw its shares driblet much than 8% aft posting net for the latest 4th than fell abbreviated of analysts' expectations by 21 cents per stock and lowered its yearly forecast owed to higher costs.

Aclaris Therapeutics — Shares jumped 3.5% aft Goldman Sachs initiated sum connected Aclaris Therapeutics with a bargain rating. The steadfast said the biopharma banal could leap much than 60% connected a imaginable caller attraction for immuno-inflammatory diseases.

Nutanix — Nutanix's banal gained 5.8% amid a Bloomberg report that Hewlett Packard Enterprise has precocious held imaginable takeover talks with the unreality computing company, citing sources acquainted with the situation.

Lands' End — Shares toppled 30% aft the apparel retailer posted an unexpected nonaccomplishment for the caller 4th and gross fell abbreviated of analysts' expectations.

Ally Financial — Ally Financial's banal slipped 3.8% pursuing a downgrade to underweight by Morgan Stanley, citing a cautious user recognition outlook ahead.

GoodRx — The banal jumped 13% aft Citi initiated sum of the discount drugs app with a bargain standing and said the selloff successful shares of GoodRx is overdone. The firm's people suggests imaginable upside of much than 60%.

— CNBC's Sarah Min, Tanaya Macheel, Michelle Fox, Jesse Pound, Carmen Reinicke and Yun Li contributed reporting