These Stocks Moved the Most Today: Humana, SoFi, LendingClub, Generac, Palo Alto, Teradyne, Harley-Davidson, Peloton, and More

Traders work on the floor of the New York Stock Exchange. (Michael M. Santiago/Getty Images)

Stocks fell Wednesday after the Federal Open Market Committee voted to keep the federal-funds rate unchanged at a range of 4.25% to 4.5%, even though a post-meeting statement flagged elevated economic uncertainty.

These stocks moved Wednesday:

Humana surged 12.4% after the health insurer reported second-quarter adjusted earnings that beat analysts’ estimates and boosted its full-year profit guidance. Humana’s medical-cost ratio—a closely tracked metric that calculates the proportion of revenue from premiums that are spent on medical claims—was 89.7% in the quarter, largely in line with expectations.

Starbucks dropped 0.2%. The coffee chain posted fiscal third-quarter adjusted earnings that missed analysts’ estimates but revenue of $9.5 billion that beat expectations of $9.29 billion. Global same-store sales and those in the U.S. declined 2% but CEO Brian Niccol said the company’s turnaround was proceeding “ahead of schedule.”

CyberArk Software rose 0.2% to $435.19 after the company reached a deal to be acquired by Palo Alto Networks for about $25 billion. Under the deal, CyberArk shareholders will receive $45 in cash and 2.2005 shares of Palo Alto for each CyberArk share they own. CyberArk rose 13% on Tuesday after The Wall Street Journal reported a deal likely would be announced this week. Palo Alto was down 5.6% on Wednesday.

Mondelez posted second-quarter adjusted profit of 73 cents a share, beating analysts’ calls for 68 cents. However, the maker of Oreos said it expects fiscal-year adjusted earnings to decline about 10% on a constant currency basis “due to unprecedented cocoa cost inflation.” Shares were down 6.6%.

LendingClub soared 21% on strong second-quarter earnings and revenue and as loan originations grew 32% from a year earlier to $2.4 billion.

SoFi Technologies fell 2.4% after the fintech said its public offering of 71.9 million common shares would be priced at $20.85 a share, for total gross proceeds of about $1.5 billion. The stock ended Tuesday’s session up 6.6% after the company reported better-than-expected second-quarter adjusted earnings and 44% revenue growth, the highest growth rate in more than two years.

Harley-Davidson jumped 13%. The motorcycle manufacturer announced it was selling a 9.8% stake in its motorcycle financing arm to investment firms KKR and Pimco. The gains came even after Harley-Davidson posted second-quarter revenue that fell 19% from the same period last year.

Generac Holdings gained 20% after the maker of backup power technology reported better-than-expected quarterly earnings and raised its full-year financial guidance.

Shares of Peloton Interactive rose 19% to $7.34 after UBS analysts upgraded shares of the connected-fitness company to Buy from Neutral and lifted their price target to $11 from $7.50, in part because of the potential for revenue growth driven by price increases and improving user trends.

Electronic Arts rose 5.7% after the videogame company topped analysts’ fiscal first-quarter bookings expectations ahead of a crucial few months for game releases. EA plans to reveal multiplayer gameplay for Battlefield 6 on Thursday, Madden NFL 26 launches on Aug. 14, and the latest version of the developer’s flagship soccer franchise, FC 26, will go live on Sept. 26.

Seagate Technology fell 3.5%. The data-storage company posted better-than-expected adjusted earnings and revenue in its fiscal fourth quarter, but shares slipped after Seagate guided for first-quarter revenue of $2.5 billion, plus or minus $150 million, compared with expectations of $2.53 billion.

Teradyne rose 19%. The maker of testing equipment for semiconductors and robotics reported second-quarter adjusted earnings of 57 cents a share, better than Wall Street estimates of 54 cents. While revenue fell 11% to $651.8 million, it still topped estimates.

Earnings reports were expected Wednesday from Microsoft , Meta Platforms , Qualcomm, Arm Holdings, Lam Research, Robinhood Markets, Carvana, and eBay.

Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com