Stocks making the biggest moves midday: Meta, Centerspace, Apple, Casey's General Stores, Signet & more

Mission Produce (AVO) hosted its 2026 Investor Day, outlining five-year targets: mid-single-digit organic sales growth, 300 basis points of margin expansion, and 90% cash conversion. The company aims to double sales and triple Adjusted EBITDA by 2035, supported by Calavo integration, Prepared Foods expansion, and asset utilization. Management expects high-single-digit to double-digit annual shareholder returns.

Mission Produce announced a five-year plan with mid-single-digit organic sales growth, 300bps margin expansion, and 2035 targets to double sales to $4B and triple Adjusted EBITDA to $450M. The company reaffirmed fiscal 2H26 Adjusted EBITDA outlook of $84–88M and Q426 Adjusted EBITDA of $52–55M. It also launched a $100M share repurchase program, with 290,994 shares repurchased at an average price of $12.94.

Florida's attorney general requested a court order to limit Meta's features for teens, including disabling infinite scroll and capping daily usage. Meta's stock fell 2.38% to $721.31. The case could impact Meta's ad revenue, which accounted for 97.6% of its Q2 revenue. Florida rejected a $18B settlement accepted by other states. New Mexico seeks $35B-$40B in penalties, with a ruling expected soon. Wells Fargo raised its price target, citing investor enthusiasm for Meta's products.

Apple (AAPL) is reportedly developing a smart home device lineup with LG, causing shares of competitors like Resideo (REZI), Arlo (ARLO), and Allegion (ALLE) to fall. Resideo dropped 7.19% to $17.56, Arlo fell 6.64% to $11.95, and Allegion declined 4.70% to $147.91. Apple's shares rose 0.91% to $336.67. The move may intensify competition with Amazon (AMZN) and Alphabet (GOOG, GOOGL).

Biohub, Google, Meta, and the U.S. government are collaborating on a $1.8B project to generate biological data for AI models. Google, Meta, and Isomorphic Labs will invest $300M, while the DOE and NIH will contribute over $500M each. The goal is to create standardized data for predictive cell models, accelerating scientific research.

Meta (FB) agreed to impose a 2-hour daily limit on Facebook and Instagram for teens under 18 in certain US states, as part of a settlement with state attorneys general. The limit is cumulative across both platforms, with exceptions for direct messaging. Additional restrictions include nighttime access blocks and reduced notifications during school hours. Meta may pay up to $17.1 billion to participating states.