Stocks making the biggest moves midday: Nordstrom, Hasbro, Hawaiian Electric, Affirm and more

cnbc.com:

Check out the companies making the biggest moves midday:

Nordstrom — The department store retailer sank 8.6% even after topping fiscal second-quarter earnings and revenue expectations. Earnings came in 40 cents ahead of the 44 cents expected by analysts polled by Refinitiv. Sales fell below pre-pandemic levels and Nordstrom stood by its previous full-year outlook bracing for a decline in revenues in the single digits. The company also warned that theft-related losses are at «historical highs.»

Affirm — The buy now, pay later firm saw its shares skyrocket 30% after the company reported fiscal fourth-quarter results that topped expectations on the back of higher gross merchandise volume. Affirm also gave strong guidance for the fiscal first quarter, projecting $430 million to $455 million in revenue, versus analysts' expectations of $430 million.

Hawaiian Electric — The utility stock plunged 16% following news that Maui County is suing the company for damages related to the island's wildfires, which killed more than 100 people. The suit alleges Hawaiian Electric left its power lines energized despite a warning from the National Weather Service that high winds and drought conditions created a high fire risk. The company told NBC News it is disappointed the county chose a litigious path and noted the investigation is still unfolding.

Hasbro — The toy maker's stock rallied 4.6% after Stifel boosted its price target to $94 from $79 Thursday, implying about 43% upside from Thursday's close. The Wall Street firm also added it to its top picks list, citing key changes and opportunities within the company. On Tuesday, Bank of America upped its price target to $90 from $85. Shares are up nearly 9% week to date.

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