AVGO - Hot Stocks: AVGO ALHC jump on earnings; SWBI falls; DIS dips on new Disney+ price tier

Earnings news prompted some dramatic stock movements during Friday's midday action. Broadcom (NASDAQ:AVGO) and Alignment Healthcare (NASDAQ:ALHC) were among the standout gainers, with each posting notable advances in the wake of their respective quarterly reports. Smith & Wesson (NASDAQ:SWBI) moved in the opposite direction following the release of its own financial figures. A disappointing showing led to a double-digit percentage slide in the stock. In other news, Disney (NYSE:DIS) saw modest selling in intraday action as well. Investors trimmed their holdings on news that the company would launch a new price tier to its streaming service. Gainers The release of strong financial figures prompted buying in Broadcom (AVGO). The stock rose 4% in midday trading after the maker of semiconductor and infrastructure software products topped expectations with its top and bottom lines, thanks largely to robust enterprise demand.  AVGO said its revenue figure rose nearly 16% from last year to

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Hot Stocks: AVGO, ALHC jump on earnings; SWBI falls; DIS dips on new Disney+ price tier