Stocks making the biggest moves midday: Meta Platforms, Jabil, ProAssurance, Carvana & more

March 21, 2025

Check out the companies making headlines in midday trading: Accenture — Shares dropped 7% after the consulting giant reported lackluster fiscal second-quarter results. The company earned $2.82 per share on revenue of $16.66 billion. Analysts polled by FactSet expected a profit of $2.81 per share on revenue of $16.62 billion. Jabil — The electronics manufacturer gained 5% after reporting fiscal second-quarter earnings and revenue that beat expectations. The company earned an adjusted $1.94 per share on revenue of $6.73 billion. Analysts expected a profit of $1.83 per share on revenue of $6.41 billion. Five Below — The discount retailer added 7% after fourth-quarter earnings and revenue came in above analysts’ forecasts. Five Below reported earnings of $3.48 per share on revenue of $1.39 billion. Analysts surveyed by LSEG were looking for $3.37 in earnings per share on $1.38 billion in revenue. Microchip Technology — The semiconductor manufacturer fell 4.8% after announcing a $1.35 billion convertible stock offering plan, with part of the net proceeds being used to service debt and pay the cost of capped call transactions, which is a type of derivative instrument. Coty — Shares of the cosmetics company gained 1.8% after an upgrade to buy from Citi. Analyst Filippo Falorni said the company’s sale of its stake in hair-care brand Wella by the end of the year is not fully reflected in the current valuation. Carvana — The used car website climbed 5.7% on the heels of an upgrade at Piper Sandler to overweight, with analyst Alexander Potter noting that Carvana could be “insulated” from President Donald Trump’s tariff threats. Stellantis — The automaker dipped 3.6% after Piper Sandler downgraded the stock to neutral, citing worries over growing uncertainty surrounding the company. Meta Platforms — The Facebook parent gained 2.5%, recovering some of the losses suffered this week. Meta shares are still down about 1% week to date. PDD Holdings — Shares added 3.2% on the heels of fourth-quarter results. PDD reported adjusted earnings of 18.53 yuan per share and revenue of 110.6 billion yuan, or $15.2 billion. Analysts polled by FactSet were looking for earnings of 19.85 yuan per share and 113.6 billion yuan in revenue. ProAssurance — The insurance stock surged 48% on news that ProAssurance will be acquired by The Doctors Company, a malpractice insurer, in a cash deal for $25 per share. The deal is expected to close in the first half of 2026, and values the company at about $1.3 billion. Rivian — Shares shed 3.4% after Piper Sandler downgraded the electric vehicle maker to neutral from overweight. The firm said that while Rivian had a “favorable multi-year outlook,” there were a lack of catalysts for the stock in 2025. Boston Beer — The alcohol maker popped 2.8% after a Citi upgrade to buy . The bank said the Twisted Tea and Truly parent can see improving volume growth this year. Darden Restaurants — The Olive Garden parent fell gained 4.5% after third-quarter results . Darden earned $2.80, excluding items, while analysts surveyed by LSEG forecast $2.79 per share. Revenue of $3.16 billion, however, was below the consensus estimate of $3.21 billion. — CNBC’s Alex Harring and Yun Li contributed reporting.