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Midday movers: Campbell Soup, Crowdstrike, Stitch Fix and more

By Liz Moyer

Investing.com -- Stocks are falling on Wednesday as Federal Reserve Chair Jerome Powell continues his testimony on Capitol Hill. Here are the midday movers for March 8.

  • Campbell Soup Company (NYSE:CPB) shares were up 1.1% after the food company beat expectations for the recent quarter as prices increased, and raised its annual profit forecast.
  • Crowdstrike Holdings Inc (NASDAQ:CRWD) shares rose 2.5% after the cybersecurity firm posted fourth-quarter results that beat expectations and provided a strong outlook for the first quarter and year.

  • Stitch Fix (NASDAQ:SFIX) shares fell 9.9% after the personal styling company reported a drop in net revenue in the recent quarter and fewer than expected active customers.

  • Tesla Inc (NASDAQ:TSLA) shares fell 3.7% after safety regulators initiated an investigation into two complaints about steering wheels coming loose. Berenberg also cut its rating to hold from buy.

  • United Natural Foods Inc (NYSE:UNFI) shares were down 29% after the organic and natural food distributor missed expectations for adjusted earnings per share and cut its profit forecast for 2023.

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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.