Check out the companies making headlines in midday trading. Roblox — Shares popped 5% after the gaming platform announced a partnership with Google to scale immersive advertising through the launch of rewarded video ads, which rewards viewers with in-game benefits. Brands and agencies will be able to buy these advertisement slots through Google's advertising solutions and direct buying. On Holding — The athletic footwear manufacturer slipped 3% after announcing it would transition to a single-CEO structure . Co-CEO Marc Maurer will depart the company after 12 years, while co-CEO and chief financial officer Martin Hoffmann will assume the role of CEO. Airline stocks — Shares of American Airlines and Delta Air Lines respectively shed 2% and 3% following a downgrade to hold from Jefferies . Southwest Airlines slipped 6% after Jefferies downgraded the stock to underperform. PVH — Shares surged 18% after PVH, which owns brands such as Calvin Klein and Tommy Hilfiger, reported a fourth-quarter earnings and revenue beat. PVH posted adjusted earnings of $3.27 per share on $2.37 billion in revenue, while analysts polled by LSEG had expected earnings of $3.21 per share and revenue of $2.33 billion. Progress Software — The stock popped 12% after Progress Software posted fiscal first-quarter adjusted earnings of $1.31 per share, beating the $1.06 per share analysts surveyed by LSEG had expected. Progress Software's $238 million revenue also topped the expected $236 million. Meanwhile, the company guided for full-year adjusted earnings that exceeded estimates. Bloom Energy — Shares gained 8% after the green energy company announced a collaboration with Conagra Brands. Conagra will deploy Bloom's fuel cell technology at two of its Ohio production facilities. Keurig Dr Pepper — The beverage stock added 2% following an upgrade to overweight from equal weight at Morgan Stanley. Analyst Dara Mohsenian said that shares are currently trading at an "opportune entry point" since investors have not fully realized the company's potential growth prospects. Ulta Beauty — Shares of the beauty retailer climbed 2% after Goldman Sachs upgraded the stock to buy from neutral. The Wall Street firm said tariff risk is low for Ulta as only about 1% of the company's shipments over the last 12 months were direct imports. Johnson & Johnson — Shares slipped 8% after a U.S. bankruptcy judge rejected the company's $10 billion settlement proposal tied to lawsuits alleging its baby powder and other talc products caused ovarian cancer. The overseeing judge stated that Johnson & Johnson's offer did not have enough support from the women who allegedly got cancer from its products. Tesla — The beleaguered electric vehicle maker popped 4%. Tesla is set to announce its first-quarter deliveries on Wednesday. Xpeng — U.S.-listed shares of the Chinese electric vehicle company climbed 1%. Xpeng delivered 33,205 vehicles in March, an increase of more than 260% from the same month a year ago. Newsmax — Shares surged 179%, adding to their Monday rally of more than 700% in Newsmax's first official trading day on the New York Stock Exchange. Shares of the conservative cable news network were priced at $10, opened at $14 on Monday and ended the session at $83.51 each. Shake Shack — The burger chain added 3% on the back of an upgrade at Loop Capital Markets to buy from hold. The firm likes Shake Shack's strong sales growth and said it sees minimal risks from tariffs. First Watch Restaurant Group — The stock gained 8%. TD Cowen upgraded it to buy from hold , saying that it expects same-store sales will improve this year because of "more effective" marketing. — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim and Yun Li contributed reporting. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles, and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
