The largest stock price changes during the day were seen in Amazon, CrowdStrike, Micron, and others.

The largest stock price changes during the day were seen in Amazon, CrowdStrike, Micron, and others.
The largest stock price changes during the day were seen in Amazon, CrowdStrike, Micron, and others.

Check out the companies making headlines in midday trading.

After announcing a 20-for-1 stock split and a $10 billion share buyback program, Amazon's shares rose 5.4% on Wednesday.

The cybersecurity company's shares rose 12.5% after reporting strong quarterly profit and revenue in its earnings report on Wednesday. Additionally, CrowdStrike forecasts a positive outlook for the 2023 fiscal year, stating that it will continue to pursue market share as cybersecurity concerns increase.

On Wednesday, Asana announced that its collaboration software company's stock had crashed by 22.1%. Despite forecasting losses that were greater than analysts' expectations for the first quarter, the firm also announced a narrower-than-expected loss for its most recent quarter, as well as revenue that surpassed analysts' estimates.

Genesco's stock price increased by 7.4% after the company announced better-than-expected quarterly revenue and profit. The retailer's same-store sales rose by 10%, while online sales surged by 36%, compared to the previous year.

The three energy companies, Baker Hughes, Halliburton, and Chevron, experienced growth after the U.S. banned Russian oil, with Baker Hughes and Halliburton rising 8.7% and 8.9%, respectively, and Chevron gaining 2.7%. The number of oil rigs working dropped to 250 last year from 1,077 in 2018, according to industry data.

The three solar stocks fell as a group after the sector's earlier week rally from rising oil and gas prices. SolarEdge dropped 6.3%, Sunrun decreased 1.7%, and Enphase declined 0.6%.

Despite strong demand, chipmakers are facing supply chain issues for key materials stemming from the Russia-Ukraine conflict, which caused some semiconductor stocks to drop together. Micron Technology's stock tumbled 4.7%, and Advanced Micro Devices dropped 4.1%.

— CNBC’s Tanaya Macheel contributed reporting.

by Sarah Min

markets