Here’s a look at the companies making headlines in midday trading: Paramount Global — Shares of the media conglomerate fell after Edgar Bronfman Jr. abandoned his acquisition pursuit by more than 5%, clearing the way for Skydance to complete the roughly $8 billion acquisition it struck in July. The Skydance deal is expected to close in the first half of 2025 and includes a “go to shop” window to allow Paramount to find other buyers. Shares of Hain Celestial Group — the food company behind Terra potato chips and Garden Veggie Straws — soared more than 23% after the company reported fourth-quarter profit that beat expectations. Hain Celestial Group reported adjusted earnings of 13 cents, handily beating the FactSet consensus estimate of 8 cents per share. Revenue, on the other hand, was $418.8 million, slightly below expectations of $419.4 million. JD.com — The Chinese e-commerce stock gained about 3%. The company said it plans to repurchase $5 billion worth of stock between September 2024 and August 2027. The company said future profits could be hit by weaker sales and rising cocoa inflation. Trip.com — The Chinese travel company’s U.S. shares rose 9% after its second-quarter revenue beat estimates. Trip.com reported revenue of 12.77 billion yuan, slightly higher than the 12.76 billion yuan forecast by analysts polled by FactSet. Elsewhere, package tour revenue was up 42% from a year ago, the company said. Eli Lilly — Shares of the drugmaker rose nearly 1% after launching a cheaper weight-loss drug. Eli Lilly announced Tuesday that the price of a new single-dose vial of Zepbound will be reduced by about 50%, primarily for patients whose insurance doesn’t cover the weight-loss injection. Heico — The aerospace and defense company reported fiscal third-quarter revenue of $992.2 million, missing consensus estimates of $995.3 million, and shares fell nearly 1%. However, the company earned 97 cents per share in the period, beating Wall Street expectations of 92 cents. Cava Group — Shares of the fast-food chain fell 5% after Chief Executive Brett Schulman and other company insiders sold some shares, according to a filing with the Securities and Exchange Commission. NVIDIA — Shares of the artificial intelligence darling rose 1.2% as investors prepared for Wednesday’s earnings report. Truist raised its price target ahead of the report, noting that there are still reasons to expect “rapid growth” in the stock following its strong performance. Ferrari – Shares of Ferrari rose 2% after Morgan Stanley analyst Adam Jonas reiterated his overweight rating and raised his price target to a Wall Street high of $520. He said the stock is in line with the “ultra-premium” trend of personal luxury brands driven by high-net-worth individuals. Netflix — The streaming stock rose 2.5% after Evercore ISI said it saw room for upside beyond previous expectations. The company also reiterated its outperform rating and said the company is in a historically strong position on competitive, financial and fundamental fronts. Insulet — Shares of the insulin maker rose nearly 8% after the U.S. Food and Drug Administration approved its Omnipod 5 automated delivery system for use in adults with type 2 diabetes. Hanesbrands — Shares of the clothing maker rose 7% after UBS called it a “stock to watch” in 2025. Energizer Holdings – Shares of the battery maker rose nearly 7% after Truist upgraded the stock to buy. Truist said the stock trades at a “significant discount” to consumer staples peers. —CNBC’s Yun Li, Pia Singh, Jesse Pound, Hakyung Kim, Sarah Min, Samantha Subin and Sean Conlon contributed reporting.
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