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Midday Movers: Stitch Fix, Coty, General Mills and More

By Liz Moyer

Investing.com -- U.S. stocks fell Wednesday at the start of the Federal Reserve's two-day monetary policy meeting. Here are the midday movers for Sept. 21:

  • Stitch Fix (NASDAQ:SFIX) shares rose 7% despite warning on full-year results on a weaker outlook for sales of the personal styling services that boomed during the pandemic.
  • Coty Inc (NYSE:COTY) shares rose 3.7% after the cosmetics maker forecasted skincare revenue to double by fiscal year 2025 amid a surge in beauty product sales.
  • General Mills Inc (NYSE:GIS) stock rose 6% after the maker of Cheerios cereal reported better than expected profit and raised its full-year outlook, citing higher prices and resilient demand.
  • Beyond Meat Inc (NASDAQ:BYND) stock was rebounding earlier but lost momentum and is now ticking down 0.6% after the plant-based protein maker announced a collaboration with Taco Bell.
  • Walmart Inc (NYSE:WMT) stock rose 1.7% after the biggest U.S. retailer said it would slow seasonal hiring for the holidays compared to last year, though it expects the period to be busy.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.