The The Hain Celestial Group, Inc. (NASDAQ:HAIN), American Eagle Outfitters (NYSE:AEO) and Media General, Inc. (NYSE:MEG) are today’s top market gainers midday. The losers are Hertz Global Holdings, Inc. (NYSE:HTZ), Noah Holdings Limited (ADR) (NYSE:NOAH) and CUI Global Inc (NASDAQ:CUI).
Hain Celestial Surges on Results Despite Recall Issue
The The Hain Celestial Group, Inc. (NASDAQ:HAIN) his midday up +10.48% after announcing the highest quarterly and fiscal net year sales in company history. Its results were strong enough that investors seem largely unfazed by a product recall, which was issued this week as well. HAIN has gained +30.23% over the past year.
The share price of apparel brand American Eagle Outfitters (NYSE:AEO) surged +9.58% early in the day this Wednesday despite reporting a slide in profits last quarter. In Ray Dalio’s investment portfolio since the first quarter of the year, American Eagle has declined -13.75% YTD.
Also having a strong start to the day is Media General, Inc. (NYSE:MEG), up +8.37% midday. Early today, the company announced an amendment to a merger agreement with LIN Media. Billionaire investor Warren Buffett picked up a 4.64-million-share stake during the third quarter of 2012 and has maintained it since. Media General’s share price has increased over +80% in the past year.
Hertz Plunges Midday Falling Guidance Recall
Car rental company Hertz Global Holdings, Inc. (NYSE:HTZ) dipped -9.62% midday after the company issued a guidance recall on Tuesday, explaining in a filing with the Securities and Exchange Commission that it expects full year earnings to come in below previous expectations. Billionaire investors Dan Loeb and George Soros may be feeling a sting on this one, as well as Chase Coleman’s Tiger Global.
The share price of Noah Holdings Limited (ADR) (NYSE:NOAH) fell -6.02%, bringing its year-to-date loss to 14.61%. The company distributes wealth management products to high net worth individuals in China.
Taking the last spot on today’s list of midday losers is CUI Global Inc (NASDAQ:CUI), which dipped -4.86%. The company reported quarterly results on August 11th, and despite today’s decline, its price has climbed +9.15% since then.