Check out the companies making the biggest moves in midday trading: Eli Lilly — The Food and Drug Administration approved Foundayo , the company’s once-a-day GLP-1 pill to treat obesity. Shares rose about 4% on the news. Hasbro — The toymaker fell more than 4% after it disclosed a cybersecurity incident where there was unauthorized access to the company’s network. Hasbro has taken certain systems offline, and is currently conducting an investigation to discover the full impact of the incident and solve it. The company also said it will take on additional measures to protect its business as needed. Philip Morris International — The international tobacco firm saw shares dropping more than 5% after Reuters reported the FDA delayed authorization for sales of nicotine pouch products as agency scientists grew concerned about potential risks to new users, including children. Intel — Shares popped 9% after the semiconductor manufacturer announced it will repurchase a 49% stake in its Ireland Fab 34 joint venture from Apollo Global Management for $14.2 billion. The Ireland Fab 34 facility produces chips using Intel’s latest process technologies, Intel 3 and Intel 4. The move will be funded through a mix of cash on hand and roughly $6.5 billion in new debt. Cal-Maine — The egg producer gained 5.8% following its beat on both the top and bottom lines. Cal-Maine’s third-quarter earnings came in at $1.06 per share, beating the 70 cents expected from analysts polled by FactSet. Revenue was $667.0 million, versus the $642.5 million consensus estimate. Memory stocks — Investors’ favorite group in 2026 continued their rebound on Wednesday after a hefty sell-off that lasted through Monday trading. A number of Wall Street firms issued fresh notes on the group. Sandisk was up 10%, while Western Digital rose 11%. Seagate Technology gained more than 8%, and Lam Research jumped nearly 5%. Micron added 10% as Cantor Fitzgerald touted the stock as a top pick. Nike — The athletic apparel stock slumped 14% after its North American revenue came in at $5.03 billion, while analysts surveyed by LSEG had expected $5.04 billion. However, Nike posted fiscal third-quarter earnings of 35 cents per share and $11.28 billion in revenue. That exceeded the expected earnings of 28 cents per share and the anticipated $11.24 billion in revenue. The stock also was pressured by downgrades from JPMorgan, Bank of America and Goldman Sachs. Dave & Buster’s Entertainment — Shares rose 20% after management said the company expects an increase in same-store sales, revenue and adjusted earnings before interest, taxes, depreciation and amortization during 2026. Dave & Buster’s posted a fourth-quarter adjusted loss of 35 cents per share and revenue of $529.6 million. Analysts polled by FactSet had expected a profit of 39 cents per share and $555.9 million in revenue. PVH — The clothing company, which owns brands Tommy Hilfiger and Calvin Klein, added 9% after posting fourth-quarter adjusted earnings of $3.82 per share and revenue of $2.51 billion. Analysts had expected earnings of $3.31 per share and $2.43 billion in revenue, according to FactSet. RH — The home furnishings stock plunged 23%. RH said it sees full-year revenue growth ranging from 4% to 8%, missing the Street’s estimate of 8.8%. Fourth-quarter adjusted earnings came in at $1.53 per share and revenue was $843 million. The LSEG consensus forecast had called for earnings of $2.22 per share and revenue of $873 million. NCino — Shares surged 12% after the cloud-based software company reported first-quarter revenue guidance of $154.5 million to $156.4 million, topping the FactSet consensus of $152.7 million. Fourth-quarter revenue also surpassed expectations, landing at $149.7 million, versus the $147.9 million analysts had anticipated. Oil stocks — Energy companies came under pressure as Western Texas Intermediate Crude futures once again fell below $100 on renewed investor hopes that an end to the U.S.-Iran war is near. Chevron and Exxon Mobil were both off more than 4%. ConocoPhillips and EOG Resources both fell more than 3%, while Occidental Petroleum declined over 4%. Newmont — The gold miner jumped 6% as gold prices rebounded to start April after its worst month since 2013. Gold was up more than 2%, and earlier in the session traded at levels it hadn’t hit since March 20. Ares Management — Shares fell 1% after the company revised down its first-quarter net performance income guidance on Tuesday. Ares expects that figure to be around $75 million instead of the previously forecasted $100 million. —CNBC’s Christina Cheddar Berk, Michelle Fox, and Yun Li contributed to this report.
