Stocks making the biggest moves midday: GE, Tupperware, United Natural Foods and more

Stocks making the biggest moves midday: GE, Tupperware, United Natural Foods and more

Here are the companies making headlines on Wall Street.

General Electric - Shares of the industrial name slid more than 5% after GE said it's selling its jet leasing business to rival AerCap. The deal is valued at $30 billion, and comes as the aviation industry continues to feel the impacts of Covid-19. The deal would give GE a 46% stake in the combined company and generate about $24 billion in cash.

Tupperware Brands - The consumer goods stock dropped 22% after Tupperware reported its fourth quarter earnings. The company's $489.6 million in revenue was about $50 million above analyst expectations, according to FactSet, but it wasn't clear if the 14 cents in adjusted earnings per share was comparable to estimates. The company's sales in the Asia Pacific region were also down slightly year over year.

United Natural Foods - The grocery wholesale stock jumped more than 20% after United Natural Foods reported better-than-expected earnings for its fiscal second quarter. The company reported $1.25 in adjusted earnings per share on $6.89 billion of revenue. Analysts surveyed by FactSet were looking for 86 cents per share on $6.91 billion in revenue. The company also said it expects full-year earnings to be near the top