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Midday Movers: Enphase Energy, Spotify Technology, Seagate Technology and More

By Liz Moyer

Investing.com -- Stocks were mixed on Wednesday after disappointing big tech earnings weighed on the growth sector. Here are the midday movers for Oct. 26:

  • Enphase Energy Inc (NASDAQ:ENPH) shares jumped 10% after the solar company beat estimates for profit and sales and said there was strong demand for its microinverters and battery systems.

  • Spotify Technology SA (NYSE:SPOT) stock fell 11% after the music streaming platform posted a wider than expected loss but said monthly active users were better than expectations.

  • Seagate Technology PLC (NASDAQ:STX) stock fell 6.6% after announcing plans to lay off 3,000 workers amid a broader industry slowdown in PC sales and cloud computing.

  • Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) shares fell 7.8% after the parent of search giant Google reported its fifth-straight quarter of weaker revenue growth as the slowdown in digital advertising hit its business.

  • Harley-Davidson Inc (NYSE:HOG) stock jumped 11% after the motorcycle maker said strong pricing and higher shipment numbers helped it beat estimates for the recent quarter.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% 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.