Check out the companies making the biggest moves at midday: Centerspace — The apartment-focused real estate investment trust saw its stock rise more than 8%. The company will merge with Independence Realty Trust in an all-stock transaction to create a residential REIT with an enterprise value of $8.1 billion. Under the terms of the all-stock transaction, Centerspace stockholders will receive approximately 3.8 shares of IRT common stock for each Centerspace share. Academy Sports and Outdoors — Shares of the outdoor apparel retailer rose 8%. Academy Sports raised its adjusted earnings outlook for the fiscal year ending January 2027 to $6.50 to $6.90 per share, up from the previous range of $6.40 to $6.80 per share and above the FactSet consensus estimate of $6.43 per share. Meta Platforms — The social media giant’s stock rose 6%, bucking the broader market trend. The move comes after the company announced a personal AI agent app late Tuesday. Mission Produce — Shares of the avocado producer soared 4%. Mission Produce beat the expectations of all analysts surveyed by FactSet for both earnings per share and sales, excluding fiscal third-quarter items. Apple — Shares fell 1% as traders awaited an event where the company is expected to unveil new iPhones, including a foldable one. Casey’s General Stores — Shares fell more than 15% after the convenience store chain reported mixed first-quarter results. Although revenue and revenue for the period exceeded expectations, Casey’s also reported a 0.3% year-over-year decline in fuel sales. Sales of prepared foods and prepared beverages also increased slightly below expectations. Signet Jewelers — The jeweler’s stock rose 19% on the back of better-than-expected second-quarter earnings. Signet’s adjusted earnings per share were $2.19, beating FactSet estimates of $1.74 per share. The company also raised its full-year profit forecast. ServiceTitan — Shares fell more than 30% after the company’s third-quarter earnings outlook fell short of analysts surveyed by FactSet. The company beat second-quarter revenue, reporting $292.8 million compared to FactSet’s $285.9 million. The company also raised its sales forecast for the full year. Braze — Shares of the customer engagement platform fell 19% as revenue fell short of expectations of analysts surveyed by FactSet. The company posted higher earnings per share. Chime Financial — Shares of the financial technology company rose 4% after reporting better-than-expected second-quarter profits. For the third quarter, the company expects revenue to be between $680 million and $690 million, higher than analysts’ expectations of $640.6 million. — CNBC’s Fred Imbert and Darla Mercado
