Check out the companies making headlines in midday trading: Netflix , Warner Bros. Discovery — Shares of Netflix pulled back almost 3%, while Warner Bros. Discovery added almost 4% in midday trading after the streaming giant said Friday it’s reached a deal to buy WBD for $27.75 per share. But trading has been volatile as investors debate whether Netflix will be able to muster regulatory support. A senior Trump administration official expressed skepticism to CNBC about the proposed combination. Paramount Skydance — The media company’s stock fell 7% after it lost out to Netflix in a bid to acquire Warner Bros. Discovery. Paramount had been considered a front-runner in the bidding process. Comcast also had submitted an offer for the company. Its stock was up less than 1%. Parsons — Shares of the government contractor fell nearly 26% after it lost a bid to help update the U.S. air-traffic control system to privately held Peraton. Albemarle — Shares of the lithium producer popped 8% after UBS upgraded the stock to buy , saying lithium prices should rise through the year and help drive shares higher. Cooper Companies — Shares of the medical device company surged more than 6% after the company said it would begin a strategic review of its business. That announcement came as it named Colleen Jay its next board chair, effective Jan. 2, and as it delivered strong quarterly earnings and rosy guidance for the full year. Jana Partners built a stake in the company this fall. Rubrik — Shares jumped nearly 23% after the cloud data management company reported a beat on top and bottom lines. For its fiscal third quarter, Rubrik earned 10 cents per share on an adjusted basis on revenue of $350 million. Analysts polled by LSEG expected a loss of 17 cents per share on $320 million in revenue. Ulta Beauty — The stock rose 14% after the cosmetics retailer raised its full-year sales outlook . Ulta predicts net sales will come in at $12.3 billion for the year, topping its previous forecast of $12 billion to $12.1 billion. Earnings per share are expected to hit $25.20 to $25.50, marking an increase from the previously expected range of $23.85 to $24.30. The firm also predicts that sales at stores open at least 14 months and online will rise between 4.4% and 4.7%, up from its previous estimate of between 2.5% and 3.5%. SoFi Technologies — SoFi’s stock fell 7% after the fintech firm announced an underwritten public offering of $1.5 billion of shares of its common stock. Docusign — Shares of the digital document signing company dropped 6%, even as the company raised its full-year sales outlook after reporting third-quarter results. Docusign earned $1.01 per share on an adjusted basis in the latest financial quarter, while revenue rose to $818.4 million. Analysts surveyed by FactSet, expected a profit of 92 cents and revenue of $806.2 million. Wedbush said the stock was dropping as investors may consider DocuSign’s guidance as “conservative.” Victoria’s Secret & Co — The lingerie and apparel company reported a narrower-than-expected quarterly loss and a 9% increase in net sales, prompting the stock to pop more than 11%. The company also raised its full-year outlook, saying it’s “well positioned for a successful holiday season.” SentinelOne — Cybersecurity provider SentinelOne saw its shares fall about 12% after saying its fourth-quarter revenue would be $271 million, below analysts’ expectations of $273 million, LSEG data shows. The company forecasted full-year revenue of $1 billion, matching estimates. SentinelOne’s third-quarter results beat consensus estimates. — CNBC’s Liz Napolitano, Sean Conlon, Yun Li and Pia Singh contributed reporting. Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of Versant.
