Check out the businesses making headlines in noon buying and selling. Shopify — Shares fell 4.8% on the again of the corporate’s investor day, which passed off Tuesday. An absence of concrete long-term steerage left some analysts muted on the inventory. The firm’s robust efficiency in 2023 — shares have greater than doubled yr so far — additionally had some analysts forecasting a possible pullback in 2024. Asana — The software program firm shed 16.7% after administration warned traders warned traders that macroeconomic headwinds are ongoing. On Tuesday, Asana beat analysts’ expectations within the third quarter, reporting a smaller-than-anticipated adjusted loss. Brown-Forman – Shares of the alcoholic beverage producer shed 10% after Brown-Forman missed analysts’ expectations for the fiscal second quarter. Brown Forman posted earnings of fifty cents per share on income of $1.11 billion, whereas analysts polled by FactSet known as for 51 cents per share in earnings and $1.15 billion in income. Campbell Soup – Shares of Campbell jumped 7% after the meals producer beat earnings estimates for the fiscal first quarter. Campbell Soup posted adjusted earnings of 91 cents per share, whereas analysts polled by LSEG anticipated 88 cents per share. Revenue of $2.52 billion was consistent with estimates. Discover Financial — The inventory added 1.6% after Bank of America upgraded the patron monetary providers agency to purchase from impartial. “We are in the latter stages of the current credit cycle and expect losses to peak in 2H2024,” the financial institution mentioned. Sphere Entertainment — The reside leisure firm added 10% following an improve to purchase from impartial at Guggenheim. The agency cited robust demand as a catalyst for the transfer. Plug Power — Shares slipped practically 6% following a downgrade by Morgan Stanley to underweight from equal weight . The financial institution mentioned it sees vital dangers round Plug Power’s enterprise mannequin given the operational challenges it has encountered with its inexperienced hydrogen services. Morgan Stanley additionally minimize its value goal by 50 cents to $3 per share. Signet Jewelers — Shares added 6% after Citi upgraded the identify to a purchase ranking from impartial, stating that the “jewelry recession” is sort of over. Shake Shack — Shares of the burger chain gained 2% following an improve to robust purchase from outperform at Raymond James. “We believe the company is still in the early innings of driving improved margins and lowering development costs and see idiosyncratic opportunities into 2024 to increase margins and potentially stimulate traffic, which could create upside to consensus 2024 expectations,” the financial institution mentioned. Robinhood — The monetary know-how agency rose greater than 7% after Mizuho reiterated the inventory as a purchase. “Following strong November crypto data, it was nice to hear that management is equally bullish on continuing to gain share in crypto,” the agency wrote. Toll Brothers — Shares of the homebuilder rose practically 2% after Toll’s fiscal fourth quarter topped Wall Street estimates. Late Tuesday, the corporate beat analysts’ expectations on the highest and backside traces. Toll’s gross margin on house gross sales elevated yr over yr. Box — The cloud firm slid greater than 10% a day after issuing disappointing third-quarter earnings. Box reported adjusted earnings of 36 cents per share on $262 million in income, decrease than the 38 cents per share in earnings and $264 million of income that analysts polled by LSEG had anticipated. — CNBC’s Michelle Fox, Hakyung Kim, Jesse Pound and Darla Mercado contributed reporting.