Check out the companies making the biggest moves midday:
PayPal — The payments stock fell more than 2% after Chief Financial Officer Jamie Miller said the company still has “a lot more work to do” to achieve profitable growth. She added that she’s “encouraged by a lot of the different elements of what we’re seeing.”
Ciena — Shares of the optical networking systems company surged 18% on better-than-expected results for the fiscal third quarter. Ciena earned 67 cents per share on revenue of $1.22 billion. Analysts polled by FactSet estimated a profit of 53 cents per share on revenue of $1.17 billion. Fiscal fourth-quarter revenue guidance also topped expectations.
Gap — The retailer’s shares gained about 5% after the firm announced it is expanding into beauty starting with its Old Navy brand. It marks a strategic shift for the apparel retailer as it enters one of the most resilient segments of retail in recent years.
Source: https://www.cnbc.com/2025/09/04/stocks-making-the-biggest-moves-midday-gap-aeo-crm-fig.html