Check out some of the companies that made the biggest moves midday: Adobe — The software giant saw its stock price drop more than 5%. CEO Shantanu Narayan said he would step down once a successor has been chosen. Mr. Narayan will remain chairman of the company’s board of directors. He has been Adobe’s CEO since 2007, but the news overshadowed the company’s first-quarter sales and bottom-line growth. Fertilizer stocks — Shares of fertilizer companies have regained some of their gains from earlier this week on expectations that the Strait of Hormuz disruption will continue, disrupting key industrial inputs and pushing prices higher. Intrepid Potash fell about 8%, and Mosaic and CF Industries both fell about 4%. Ulta Beauty — The beauty products retailer suffered a 12% loss following a weak financial report. Alta’s fourth-quarter earnings per share were $8.01, below the $8.03 per share expected by analysts surveyed by LSEG. Revenue was $3.9 billion, beating street expectations of $3.8 billion. Once Upon a Farm — The baby food company co-founded by actress Jennifer Garner fell 8% after reporting its first profit since going public in February. Once Upon a Farm’s full-year 2026 adjusted EBITDA was $2 million to $4 million, compared to $6.6 million in the fourth quarter of 2025 alone. Full-year sales are expected to grow 25% to 29%, compared with 30% in the fourth quarter. Insulet — The maker of continuous blood sugar monitoring devices lost 7% in profits after it recalled some of its Omnipod 5 pods. The company said some batches had small tears in the internal tube, which could result in patients not receiving the intended dose of insulin. Several users were hospitalized, but no deaths were reported. Insulett said the issue was strictly limited to a specific lot and other Omnipod 5 products remain safe to use. ServiceTitan — The company, which describes itself as an “operating system” for home service businesses such as HVAC, plumbing and electrical contractors, was down 6% on Friday but is still up 12% over the past month. Management doubled the capacity of the Max program this quarter and announced “plans for further expansion later this year.” FactSet’s Street Accounts service said forward guidance is broadly in line with Street expectations, “although analysts note that it is more conservative than expected.” Klarna — The payments company’s stock price soared more than 10% after board chairman Michael Moritz bought about $50 million in Klarna stock. David Fock, the company’s head of product and design offerings, bought about $389,000 in stock, according to a filing with the Securities and Exchange Commission. The buying comes in response to the slump in stock prices, which have plummeted more than 44% since the beginning of the year. AdaptHealth – A network of medical device companies saw their stock price rise 6% after one of its shareholders disclosed a major stock purchase. Richard Cashin’s One Equity Partners said it has bought about 2 million shares of AdaptHealth stock worth about $20 million. Cryptocurrency stocks — Stocks rose on the back of Bitcoin’s nearly 2% rally. Strategy rose 3%, Coinbase rose 2% and Mara Holdings rose 9%. Nio — The Chinese electric car maker’s U.S.-listed shares rose 5% on the back of HSBC’s rating upgrade. The bank said improved profitability and new model launches could boost earnings. EverCommerce – Shares of the small business-focused commerce platform fell nearly 16%. EverCommerce announced soft guidance for the first quarter, expecting adjusted EBITDA to be between $39 million and $41 million and revenue between $145.5 million and $148.5 million. Analysts polled by FactSet had expected EBITDA of $44.9 million and revenue of $151.2 million. —CNBC’s Pia Singh, Fred Imbert, Darla Mercado, Christina Cheddar-Berk, Michelle Fox and Lisa Kailai Han contributed reporting. Markets change and headlines fade, but the fundamental principles of building long-term wealth remain the same. Join us for the third annual CNBC Pro LIVE. Investors from all backgrounds, from financial professionals to individuals, come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you start, you’ll leave with clearer thinking and a stronger strategy. Enter your email address here to get your discount code.
