Check out the companies making headlines in midday trading: Adobe — The software stock surged 14% on stronger-than-expected quarterly results.
Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance.
JPMorgan also upgraded shares to overweight from neutral.
Hasbro — The toymaker's shares jumped 4.8% on the back of an upgrade from Bank of America to buy from neutral.
Dell Technologies — The PC maker fell more than 1% after CEO Michael Dell disclosed the sale of 5.7 million shares.
Persons:
RH, LSEG, Zscaler, Keith Gill, Stellantis, Michael Dell, —, Alex Harring, Michelle Fox, Pia Singh
Organizations:
Adobe, JPMorgan, Wall, Hasbro, Bank of America, Zero Trust Network Security, Boeing — Boeing, Federal Aviation Administration, Airbus, New York Times, GameStop, Dell Technologies
Locations:
Bank, U.S