Check out the companies making headlines in midday trading: Bath & Body Works — Shares of Bath & Body Works sank 14% and headed for their worst day since 2021. The retailer beat first-quarter earnings and revenue estimates but offered disappointing second-quarter guidance. Bath & Body Works expects earnings to range between 31 cents and 36 cents a share, behind a FactSet estimate of 38 cents in earnings per share. Carnival — Shares popped 4.8% after the cruise company announced it will fold P & O Cruises Australia into Carnival Cruise Line. The company said it was the latest in a series of strategic moves aimed to increase capacity for its flagship brand. GameStop — The meme stock retreated about 5% following a 21% rally Monday. The advance was sparked by GameStop champion Keith Gill, better known as “Roaring Kitty,” who shared a screenshot of his portfolio showing five million common shares and 120,000 call option contracts. He seemingly held onto his positions after Monday’s rally . GameStop closed well off highs Monday after The Wall Street Journal reported Gill’s brokerage E-Trade was debating whether to ban him from the platform for concerns over potential market manipulation. Saia — The freight company popped 7.7% after it posted higher less-than-truckload shipments per workday for April and May compar …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading: Bath & Body Works — Shares of Bath & Body Works sank 14% and headed for their worst day since 2021. The retailer beat first-quarter earnings and revenue estimates but offered disappointing second-quarter guidance. Bath & Body Works expects earnings to range between 31 cents and 36 cents a share, behind a FactSet estimate of 38 cents in earnings per share. Carnival — Shares popped 4.8% after the cruise company announced it will fold P & O Cruises Australia into Carnival Cruise Line. The company said it was the latest in a series of strategic moves aimed to increase capacity for its flagship brand. GameStop — The meme stock retreated about 5% following a 21% rally Monday. The advance was sparked by GameStop champion Keith Gill, better known as “Roaring Kitty,” who shared a screenshot of his portfolio showing five million common shares and 120,000 call option contracts. He seemingly held onto his positions after Monday’s rally . GameStop closed well off highs Monday after The Wall Street Journal reported Gill’s brokerage E-Trade was debating whether to ban him from the platform for concerns over potential market manipulation. Saia — The freight company popped 7.7% after it posted higher less-than-truckload shipments per workday for April and May compar …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
