Midday movers: Lululemon Athletica, Micron, Emergent Biosolutions and more

March 29, 2023 1:58 PM EDT

By Liz Moyer -- Stocks were moving higher as concerns about the banking system eased and traders set their hopes on a pause in interest rate hikes. Here are the midday movers for March 29.

  • Lululemon Athletica Inc (NASDAQ: LULU) stock jumped 12.9% after the athleisure apparel maker reported better-than-expected revenue and adjusted profit for the recent quarter and forecast better-than-expected first quarter and full-year results.

  • Micron Technology Inc (NASDAQ: MU) shares jumped 6% after the chip maker reported a wider-than-expected loss for the quarter on falling sales. It said recently it would be cutting more jobs than previously expected.

  • Emergent Biosolutions Inc (NYSE: EBS) shares rose 4.7% after the Food and Drug Administration approved its Narcan opioid overdose treatment for over-the-counter sales.

  • UBS Group AG (SIX: UBSG) (NYSE: UBS) shares rose 4.2% after the Swiss banking giant said Sergio Ermotti would return as CEO after its acquisition of Credit Suisse.

  • Cal-Maine Foods Inc (NASDAQ: CALM) shares jumped 6.7% after the egg producer and distributor reported stronger-than-expected results for the fiscal third quarter. A jump in egg prices from the same time a year ago pushed profit higher by eightfold.

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