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By Liz Moyer
Investing.com — Stocks were trading higher at midday on Wednesday as investors awaited the Federal Reserve’s meeting from earlier this month. Here are the midday movers for Feb. 22.
- Palo Alto Networks Inc (NASDAQ:) shares were up 11.8% after the company boosted its outlook for the fiscal year and better-than-expected adjusted earnings per share and sales for the fiscal second quarter.
- Ziprecruiter Inc (NYSE:) shares fell 25% after it provided guidance for the first quarter that indicated revenue is expected to fall 21% from the same period last year. Companies are cutting back their recruiting budgets amid economic uncertainty.
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Wingstop Inc (NASDAQ:) shares rose 8% after the restaurant chain stronger-than-expected same-store sales and beat expectations for the fourth quarter as costs fell because chicken wing prices are lower than one year ago.
- Amazon.com Inc (NASDAQ:) shares were up 1.5% after the e-commerce giant closed its $3.9 billion purchase of One Medical, a primary care provider. Amazon is making a push into health care under CEO Andy Jassy.
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La-Z-Boy Incorporated (NYSE:) shares rose 16% after the furniture maker forecasts for adjusted earnings per share and revenue in the recent quarter. The company sees current-quarter revenue coming in ahead of expectations amid a restructuring.
