Noon: Check out the companies that are making the biggest moves in Webtoon Entertainment. It rose 31% after the company reached a deal to create a digital comics platform for Disney. Webtoon has also agreed to sell a 2% stake to the media giant. Emerson Electric – Engineering companies fell 4.5%. The management told the JPMorgan meeting that the fourth quarter order would likely come at the end of the guidance range, citing weaknesses in Europe and China. HIMS & HERS HEALTH – Telehealth name fell about 7% after receiving a warning letter from the US Food and Drug Administration. Solaredge Technologies – Solar storage stock rose 5.7%. The driver of the move was not clear, but profits on Tuesday rose the stock price by more than 11% that week. Steel Dynamics – Metals companies earned more than 5% in third quarter guidance than expected. Steel Dynamics expects revenues of between $2.60 and $2.64 per share, surpassing the fact set consensus of $2.58 per share. Dave & Buster’s Entertainment – The entertainment company’s second quarter revenue fell short of expectations, knocking its stock down 16%. Adjusted revenues were made at 40 cents per share, but FactSet lost the expected 91 cents from the analysts voted on. Revenue was $557.4 million, a consensus estimate of $562.8 million. Novo Nordisk – The stock rose 3% after Novo Nordisk said that once a weekly weight loss drug monotherapy infusion would help reduce weight by 11.8% after 68 weeks. ADTRAN – Shares fell more than 11% after Fiber Networking and Telecommunications Company announced it would offer a $150 million conversion senior note. Rocket Lab – The rocket company slipped 10% after the company announced plans to sell up to $500 million worth of common stock. Oscar Health – Oscar Health said it had dropped its shares by 4% in its private offering of $355 million convertible senior subordinated memo with $355 million sales. Denny’s – The American diner company rose 4.2% after investor JCP investment management and Jumana Capital engaged in discussions with Denny’s management team by filing its first 9.4% stake. However, stocks fell 4.5% that day. – Reported by CNBC’s Sean Conlon, Michelle Fox, Sarah Minh, Lisa Han, Alex Hurling, Yun Lee and Pia Singh.
