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business6h ago
Stocks making the biggest moves midday: Adobe, Ulta Beauty, Insulet, Klarna, Once Upon a Farm & more
- Adobe shares fell after the company said CEO Shantanu Narayen will step down once a successor is named, with Narayen remaining as chair.
- The news dominated first-quarter results, with the company reporting earnings and revenue trends that investors weighed against the leadership change.
- Ulta Beauty stock dropped about 12% after reporting weak fourth-quarter earnings, contributing to market volatility around consumer names.
- Insulet recalled Omnipod 5 pods, sending its shares lower as the company disclosed potential dosage issues.
- Klarna stock jumped more than 10% after board chair Michael Moritz bought about $50 million of its shares.
- Intrepid Potash and other fertilizer names pulled back as Hormuz disruptions feed expectations for higher input costs.
- Nio rose about 5% on HSBC upgrade citing improving profitability and new model launches.
- EverCommerce fell nearly 16% after soft first-quarter guidance and revenue guidance.
- Adobe’s leadership shakeup followed a quarterly report that still beat on earnings and revenue expectations.
- The session included notable moves in Omnipods, Klarna, and AdaptHealth amid broader market shifts.
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