Stocks making the biggest moves midday: Fitbit, General Electric, Thor Industries & more

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Check out the companies making headlines midday Wednesday:

General Electric — Shares of the global industrial company fell 6 percent Wednesday, adding to Tuesday’s losses after issuing a gloomy outlook in 2019. CEO Larry Culp forecasts negative net cash outflow from the industrial business this year, citing its struggling power-plant unit. J.P. Morgan analyst Stephen Tusa said in a note Wednesday that his $6 price target looks “generous” given the latest information.

Abercrombie & Fitch — Shares of Abercrombie & Fitch surged 22.15 percent after the retail company reported better-than-expected fourth-quarter results. The retailer posted an adjusted quarterly profit of $1.35 per share, beating a Refinitiv estimate by 20 cents. Its revenue also beat expectations. The company said its same-store sales jumped 3 percent, citing its strong performance in the U.S.

Snap — Snap shares fell 2.68 percent after The Wall Street Journal reported that the company paid additional severance


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