By Liz Moyer
Investing.com -- Stocks are falling on Wednesday as Federal Reserve Chair Jerome Powell continues his testimony on Capitol Hill. Here are the midday movers for March 8.
Campbell Soup Company (NYSE:CPB) shares were up 1.1% after the food company beat expectations for the recent quarter as prices increased, and raised its annual profit forecast. Crowdstrike Holdings Inc (NASDAQ:CRWD) shares rose 2.5% after the cybersecurity firm posted fourth-quarter results that beat expectations and provided a strong outlook for the first quarter and year.
Stitch Fix (NASDAQ:SFIX) shares fell 9.9% after the personal styling company reported a drop in net revenue in the recent quarter and fewer than expected active customers.
Tesla Inc (NASDAQ:TSLA) shares fell 3.7% after safety regulators initiated an investigation into two complaints about steering wheels coming loose. Berenberg also cut its rating to hold from buy.
United Natural Foods Inc (NYSE:UNFI) shares were down 29% after the organic and natural food distributor missed expectations for adjusted earnings per share and cut its profit forecast for 2023.