Midday Movers: Stitch Fix, Coty, General Mills and More

  • Investing.com
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Midday Movers: Stitch Fix, Coty, General Mills and More
Credit: © Reuters.

By Liz Moyer

Investing.com -- U.S. stocks fell Wednesday at the start of the Federal Reserve's two-day monetary policy meeting. Here are the midday movers for Sept. 21:

  • Stitch Fix (NASDAQ: SFIX ) shares rose 7% despite warning on full-year results on a weaker outlook for sales of the personal styling services that boomed during the pandemic.
  • Coty Inc (NYSE: COTY ) shares rose 3.7% after the cosmetics maker forecasted skincare revenue to double by fiscal year 2025 amid a surge in beauty product sales.
  • General Mills Inc (NYSE: GIS ) stock rose 6% after the maker of Cheerios cereal reported better than expected profit and raised its full-year outlook, citing higher prices and resilient demand.
  • Beyond Meat Inc (NASDAQ: BYND ) stock was rebounding earlier but lost momentum and is now ticking down 0.6% after the plant-based protein maker announced a collaboration with Taco Bell.
  • Walmart Inc (NYSE: WMT ) stock rose 1.7% after the biggest U.S. retailer said it would slow seasonal hiring for the holidays compared to last year, though it expects the period to be busy.

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