Check out the companies that made the biggest moves midday: Campbell’s — The food company fell nearly 6% after reporting a 3% year-over-year decline in net sales to $2.68 billion. Adjusted earnings also fell 13% year over year to 77 cents per share. However, both numbers exceeded Wall Street expectations. Stocks headed for their lowest close since 2009. Gogo — The in-flight Wi-Fi provider fell 10% after announcing an investment in satellite communications company Farcast. Terms were not disclosed in the announcement. ExxonMobil — The oil giant soared 2.7% after updating its corporate plans through 2030. Exxon said it now expects profit growth of $25 billion and cash flow growth of $35 billion from 2024 to 2030, an increase on both metrics compared to previous projections. Colgate-Palmolive — Shares rose 2% following RBC’s upgrade to Outperform Sector. Analyst Nick Mody said: “Looking to 2026, the environment will no doubt remain challenging, but we believe numbers and expectations are suitably low and we are well positioned to get back on track.” SLM — The education loan company, also known as Sallie Mae, fell 16% as investors were underwhelmed by its latest investor conference presentation. Morgan Stanley downgraded the stock from overweight to equal weight, saying, “While we believe the long-term PLUS structure and fee-based private credit opportunities remain attractive, the potential for higher expenses puts us on the sidelines, and uncertainty about future EPS increases near-term execution risk.” Staar Surgical — The eyewear company soared more than 12% after Alcon revised its takeover offer for Staar. Alcon will now pay cash of $30.75 per share, up from $28 per share. The new price represents a 30.6% premium over Stahl’s stock’s closing price on Monday. Teleflex — Shares of the medical technology company rose more than 9% after the company announced it would sell three business units for $2.03 billion. Teleflex is divesting its business to focus on its core critical care and acute care hospital markets. The company plans to use the proceeds to buy back shares and pay down debt. Intersurgical will acquire Teleflex’s acute care and interventional urology divisions for $530 million, and private equity firms Montague and Kohlberg will acquire its original equipment manufacturing business for $1.5 billion. Ares Management — Shares rose 6% after the alternative investment manager announced it would join the S&P 500 starting Thursday. Ares replaces Keranova, which was acquired by Mars. CVS — The drugstore giant’s stock rose more than 2% after the company announced its 2026 profit outlook, which beat Wall Street expectations and this year’s expected profit, showing that its turnaround plan is well underway. Toll Brothers — The homebuilder reported poor fourth-quarter results, sending its stock price down 1%. Thor’s adjusted earnings were $4.58 per share, compared with analysts’ estimates compiled by LSEG of $4.89 per share. AeroVironment — The drone maker rose more than 2% after winning an $874.26 million contract from the Army for unmanned aircraft systems and anti-UAS systems. Alexander & Baldwin — The Hawaii-based real estate investment trust soared nearly 38% after announcing it would be taken private in a $2.3 billion deal. Viking — Cruise shares rose 2% after Goldman Sachs upgraded the company to a buy rating. The bank believes Viking’s differentiated geographic exposure and high-income demographic can help it avoid widespread disruption within the cruise sector, while also creating additional value through a potential future buyout program. Meanwhile, Norwegian Cruise Line fell nearly 2% after Goldman Sachs downgraded the stock to neutral. AutoZone — Shares fell 6% after the auto parts retailer reported worse-than-expected first-quarter results. AutoZone posted earnings of $31.04 per share and revenue of $4.63 billion. Analyst estimates compiled by LSEG were for earnings of $32.51 per share and revenue of $4.64 billion. —CNBC’s Yun Li, Alex Harring, Christina Cheddarburk, Lisa Han and Liz Napolitano contributed reporting.
