See which companies made the biggest moves midday: GameStop – Meme shares fell more than 28% after the video game retailer posted a damning earnings report. Net sales in the first quarter were $881.8 million, down 29% from a year earlier. The company also said it would sell additional shares. Meme stock trader “Roaring Kitty” was scheduled to begin his livestream at noon ET, which could boost the stock even further. Vail Resorts — Shares fell 12% after disappointing quarterly results. After the close Thursday, the ski resort owner said it earned $9.54 per share on revenue of $1.28 billion, below the LSEG consensus estimate of $9.97 per share on revenue of $1.30 billion. Oddity Tech – Shares soar 23% after the cosmetics and wellness company’s board of directors approved a $150 million share repurchase program for its Class A common stock. The company also improved its profit forecast for the second quarter. Semtech — Shares fell 18% after the semiconductor maker announced that its CEO Paul Pickle had left the company. Dr. Hong K. Hou, who is currently a member of the Semtech board of directors, was named as his successor. Semtech said the decision followed “a disagreement between the Board of Directors and Mr. Pickle regarding how the CEO and the Board of Directors should work together in the interests of shareholders.” Semtech also reiterated its guidance for the second quarter. DocuSign — Shares of the electronic signature company fell nearly 5% despite reporting fiscal first-quarter results Thursday that beat analysts’ expectations. DocuSign also forecast fiscal second-quarter revenue of $725 million to $729 million, compared with the LSEG consensus estimate of $726 million. The company also authorized a $1 billion share repurchase. Planet Labs – Shares rose 9.3% after first-quarter results beat expectations. The satellite imagery provider reported an adjusted loss of 5 cents per share and revenue of $60.4 million. Analysts were expecting a loss of 7 cents per share and revenue of $60 million, according to LSEG. Geron – Shares of the biopharmaceutical company rose more than 20% after the US Food and Drug Administration approved drug Rytelo for the treatment of diseases blood. While analysts had expected approval, it came sooner than expected, according to FactSet. Skechers — Shares rose more than 2% after Bank of America upgraded its buy rating. The bank sees an improvement in wholesale trade conditions for the shoe manufacturer. Samsara — Shares of the software maker fell 12% despite reporting earnings after the close on Thursday. Samsara forecast second-quarter revenue of $288 million to $290 million, beating analysts’ estimates of $287 million. However, earnings are expected to range from breakeven to 1 cent per share, compared with the consensus estimate of 1 cent. . Braze – Shares gained 4.4% after the customer engagement platform reported a smaller-than-expected loss of 5 cents per share and beat first-quarter revenue. Braze’s second-quarter guidance also beat analysts’ expectations. Shares of gold miners Newmont and Freeport-McMoRan lost about 4% as gold prices fell. Shares of precious metals and royalty company Royal Gold also fell 4%. — CNBC’s Sean Conlon and Yun Lee contributed reporting.
