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Stocks making the biggest moves midday: GameStop, Dexcom, Cano Health and more



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Traders work on the trading floor at the New York Stock Exchange (NYSE) below GameStop signage in New York, August 8, 2022.Andrew Kelly | ReutersCheck out the companies making headlines in midday trading Thursday.GameStop —  Shares of the video game retailer and meme stock jumped more than 8% even after the company reported a wider-than-expected loss for the third quarter. CEO Matthew Furlong told investors the company “is attempting to accomplish something unprecedented in retail … seeking to transform a legacy business once on the brink of bankruptcy,” in a call Wednesday.related investing newsDexcom — The maker of glucose monitoring systems for diabetes management saw its shares rise 4.6% after announcing the U.S. Food and Drug Administration has cleared its G7 device for people with all types of diabetes ages two years and older. Dexcom expects the devices to launch in the U.S. early next year.Cano Health — Shares of the primary care provider for seniors shed 19.8% after Bloomberg reported that Daniel Loeb’s Third Point sold its remaining stake due to concerns about liquidity. The hedge fund owned a 3.5% position in October.Ciena — Shares of Ciena surged 19.8% after the maker of networking equipment reported better-than-expected fiscal fourth-quarter results. The company also said it sees “outsized” revenue growth in fiscal 2023.DigitalOcean Holdings — Shares rose 6.1% after Needham initiated the stock as a buy and said it expects its consumption-based model and initiatives “to land larger customers and better mine the market opportunity.” It also said the cloud infrastructure company’s managed services offerings can help its revenue growth in the medium-term.Express — The apparel retailer ra …

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