Stocks making the biggest moves midday: Silvergate Capital, Salesforce, Macy's, Okta and more

Check retired the companies making headlines successful midday trading.

Salesforce — Shares of the unreality bundle shaper surged much than 10% aft the institution beat Wall Street estimates crossed the board successful its quarterly study and issued a better-than-expected forecast. Salesforce besides said it is expanding its stock buyback programme aft introducing it past year. Wall Street analysts judge Salesforce's beardown results are impressive fixed the activistic unit it's facing.

Macy's — Macy's gained 9% aft reporting fourth-quarter results. The retailer posted $1.71 successful net per share, supra the $1.57 anticipated by analysts polled by Refinitiv. Revenue came successful enactment with Wall Street expectations astatine $8.26 billion.

Tesla — The electric-vehicle maker's shares mislaid 6% aft Tesla's capitalist day, which immoderate believed lacked specifics.

Okta – Okta shares jumped 9% aft topping Wall Street's expectations for the caller quarter and issuing better-than-expected guidance for the existent period. TD Cowen besides upgrades shares to outperform from a marketplace execute rating.

Dollar Tree — Shares slid much than 2% aft the discount retailer was downgraded to neutral from overweight by JPMorgan. Dollar Tree posted fourth-quarter net and gross that topped estimates connected Wednesday, but its first-quarter EPS guidance fell abbreviated of expectations.

Box — The unreality contented absorption platform's shares slid 14% pursuing the company's 4th fourth results. Although Box topped analysts' estimates connected the apical and bottommost line, it announced anemic guidance for the archetypal quarter, according to Refinitiv. 

Silvergate Capital — Shares of the digital currencies slope tumbled 48% aft JPMorgan and Canaccord Genuity downgraded the stock. The banks issued their downgrades a time aft Silvergate delayed the filing of its yearly study and warned that it's "currently analyzing definite regulatory and different inquiries and different investigations." 

Snowflake — The unreality information level provider's shares declined 13%. Although the institution reported a bushed connected apical and bottommost lines, according to Refinitiv, its gross guidance for the existent play was lighter than investors had expected. The institution besides announced a $2 cardinal banal repurchase program. 

— CNBC's Alex Harring, Yun Li, Michelle Fox and Samantha Subin contributed reporting