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Stocks making the biggest moves midday: Medtronic, Roku, Bloomin' Brands, CMC Materials and more
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cnbc.comIn this article
Check out the companies making headlines in midday trading Wednesday:
Medtronic — The medical technology company's shares declined 6.7% after Medtronic revealed its diabetes business received a warning letter from the Food and Drug Administration on Dec. 9 about the inadequacy of medical device quality system requirements at one of its California facilities. On Monday, Medtronic lowered its revenue expectations for the fiscal third quarter and fiscal 2022.
Eli Lilly — Shares of the pharmaceutical company jumped more than 9% after Eli Lilly released updated guidance. The company raised its earnings outlook for 2021 and projected a bigger-than-expected jump in earnings for 2022, according to FactSet.
Nucor — The steel products
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