Check out the companies making the biggest moves at noon: Photronics — The maker of flat panel display components rose more than 37% after better-than-expected fiscal fourth-quarter results. Photronics’ first quarter profit outlook also exceeded expectations. Maplebear — The grocery delivery platform fell 6% after Amazon announced in a blog post that its same-day delivery service for fresh groceries, a direct competitor to Instacart, has expanded to more than 2,300 cities and towns. Amazon said it has increased its selection of fresh produce available for same-day delivery by more than 30% since August and expects to continue expanding to more regions in 2026. Meanwhile, a separate study released Tuesday found that Instacart uses artificial intelligence pricing tools that cause price discrepancies between identical products in the same store. United Natural Foods — Shares of the food wholesaler fell more than 7% after announcing financial targets through 2028. United Natural Foods expects net sales to increase by an average of low single digits over that period. Dave & Buster’s — The entertainment venue operator’s stock soared 15.5%. Adjusted EBITDA beat Wall Street expectations, even though the company’s third quarter missed analysts’ expectations in both areas. Despite Wednesday’s gains, the stock will still be down more than 28% in 2025. AeroVironment — The drone maker fell more than 11% on the back of weak fiscal second-quarter profits. AeroVironment’s earnings were 44 cents per share, well below LSEG’s estimate of 78 cents per share. GE Vernova — The energy giant’s stock rose 14% after it announced that 2025 earnings are trending toward the high end of its guidance. The company also doubled its quarterly dividend from 25 cents per share to 50 cents per share. GameStop — Shares of the video game retailer and meme fell 3% after the company reported third-quarter results. GameStop earned an adjusted 24 cents per share on revenue of $821 million. Sales fell short of the expectations of one analyst, who had expected them to exceed $900 million. EchoStar — The satellite communications stock rose more than 6% after being upgraded to Overweight by Morgan Stanley. “As a seller of spectrum, SATS stock stands to be immune to or benefit from increased competition among U.S. wireless carriers, creating unique risk/reward relative to the broader industry,” the bank’s analysts said. —CNBC’s Lisa Han and Alex Harring contributed reporting.
