Stocks making the biggest moves midday: Xerox, Logitech, Upstart, Hibbett, Planet Fitness & more

Check retired the companies making headlines successful midday trading.

Logitech — The machine peripherals shaper jumped 11.8% aft Logitech reiterated its full-year guidance, which was lowered successful July. Logitech has struggled with weaker request aft a roar successful income during the tallness of the pandemic.

Upstart — Shares surged 9.8% adjacent aft Mizuho initiated Upstart with an underperform rating, saying that determination are much challenges up for the user lending company.

Stem — The banal roseate 12.3% aft UBS initiated Stem arsenic a buy, saying that AI-driven vigor retention institution is simply a marketplace person that volition get a boost from the Inflation Reduction Act.

Hibbett — The sporting goods stocks precocious 9.2% pursuing an upgrade from Bank of America to a bargain rating. The slope highlighted the institution narration with Nike and merchandise availability among its reasons for liking the stock.

Xerox — Shares plunged 15% aft the seller of people and integer papers products and services reported disappointing net and chopped its full-year gross guidance. Xerox CEO Steve Bandrowczak said successful a merchandise that "profitability remains challenged by persistently precocious ostentation and continued proviso concatenation constraints."

Brown & Brown — Shares of the security institution dropped 11% aft Brown & Brown missed net expectations. Brown & Brown posted net of 50 cents per stock connected gross of $927.6 million. The institution was expected to study net of 60 cents per stock connected gross of $945.8 million, according to statement estimates connected FactSet.

Qualtrics International — Shares of the lawsuit feedback bundle institution jumped 7.7% aft Qualtrics reported net that exceeded expectations, and raised its full-year outlook.

Ross Stores — Shares of the off-price retail jumped 5.8% following an upgrade to overweight from Wells Fargo. The slope called Ross Stores 1 of the "best ways" to commercialized the sector.

SAP — Shares of the German concern bundle institution precocious 6% aft SAP reported quarterly results that topped expectations and maintained its full-year forecast.

PulteGroup — The location operation institution jumped 5.9% contempt disappointing net expectations. PulteGroup posted net of $2.69 per stock connected gross of $3.94 billion. Analyst surveyed by Refinitiv were expecting net of $2.82 per stock connected gross of $4.17 billion.

JetBlue — The hose slid 3.6% aft a third-quarter net miss of 21 cents per share, versus a Refinitiv statement estimation of 23 cents. Revenue was successful enactment with estimates, astatine $2.56 billion. JetBlue had a quarterly nett of $57 million, owed to elevated question request and higher fares, which helped offset rising costs.

Planet Fitness — The gym banal jumped 4.5% aft Piper Sandler upgraded Planet Fitness to overweight from neutral, saying that shares are charismatic and volition get a boost from information from younger generations.

General Motors — Shares of General Motors roseate 3.6% aft the automaker handily bushed third-quarter net expectations. The institution besides maintained its full-year outlook.

United Parcel Service — Shares of the transportation institution gained 1% aft UPS reported stronger-than-expected net for the 3rd quarter. The institution earned an adjusted $2.99 per share, 15 cents amended than analysts expected, according to Refinitiv. Revenue fell abbreviated of expectations, however, arsenic its proviso concatenation solutions conception declined twelvemonth implicit year. UPS did support its full-year guidance.

General Electric — The banal declined 1.8% aft General Electric chopped its full-year outlook due to the fact that of proviso concatenation issues. The institution different posted stronger-than-expected revenue.

— CNBC's Michelle Fox, Jesse Pound, Carmen Reinicke and Samantha Subin contributed reporting.