Even with the volume of earnings news trailing off lately, corporate results continued to play a role in Wednesday's midday action. Agilent ( NYSE: A ) received buying interest after the release of its financial figures, while a quarterly update put pressure on shares of ZIM Integrated Shipping ( ZIM ).
Deal-making speculation also stirred trading during intraday action. This included Manchester United ( MANU ), which jumped into the headlines after a tweet from Elon Musk.
Meanwhile, Cano Health ( CANO ) rallied on vague takeover speculation.
Gainers
Agilent ( A ) gained ground in the wake of its quarterly report, climbing 7% in midday action. The life sciences, diagnostics and applied chemical company reported strong Q3 results and raised its forecast for the full year.
A said its Q3 revenue rose 8% to $1.72B. Meanwhile, the firm raised its full-year revenue forecast to a range between $6.75B and $6.775B. Analysts were looking for a figure of around $6.69B.
Elsewhere, Manchester United ( MANU ) represented another intraday gainer on reports that ownership at the sports franchise is open to selling a minority stake in the firm. Shares also received a boost from a tweet from Elon Musk , who joked that he wanted to buy the company.
Musk eventually clarified that he was not buying any sports teams. Still, MANU climbed 5% in midday trading amid the M&A chatter.
Deal-making speculation also prompted buying in Cano Health ( CANO ). Shares rose 9% on a Dealreporter story that spotlighted the company as a possible takeover target .
Decliner
The release of financial figures drove selling in ZIM Integrated Shipping ( ZIM ). The stock fell 7% on disappointing results and lowered volume growth guidance.
ZIM missed expectations on both its top and bottom lines, despite revenue that surged 44% from last year. The company also projected 2022 volume growth of around 2.3% compared to its previous outlook of 5%.
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Hot Stocks: A rises on earnings; ZIM drops; Musk tweets about MANU; CANO climbs on takeover chatter