A person walks into a Bed Bath & Beyond store in the Tribeca neighborhood of New York City.
Michael M. Santiago | Getty Images
Check out which companies are making the headlines at midday Friday.
bed bath behind — Shares of the home goods retailer rose more than 4% midday after the company announced that three people from activist investor Ryan Cohen’s company, RC Ventures, will do so. Immediately join the Bed Bath & Beyond Board of Directors.
New – US-traded shares of the Chinese electric car maker fell 10% after that New on the results of the fourth quarter. Nio’s fourth-quarter revenue beat expectations, but its forward guidance fell short of StreetAccount’s estimates.
Joby Aviation The electric airline’s stock jumped 12% on the back of its latest quarterly results. Joby reported earnings of $1 per share after losing 31 cents a share in the same period the previous year. Morgan Stanley also confirmed that the stock is overweight, noting that Joby continues to gain strength and is taking “meaningful steps forward in the certification and manufacturing process.”
honest company Shares of the consumer goods company fell 25% on the back of mixed quarterly numbers. The Honest Company said it lost 10 cents per share on revenue of $80.4 million. Analysts expected a loss of 6 cents a share on $84.6 million in revenue, according to Refinitiv.
fortinet Fortinet stock fell 2.7% after Bank of America cut the credit rating to neutral from buy. The bank said that strong earnings growth has already gone into the shares of Fortinet.
Ali BabaAnd the JD.com US-listed Chinese technology stocks fell again on Friday, as they continue to face heightened scrutiny in China and possible US writedowns. Alibaba stock fell 3.1%, JD.com lost 3%, and Pinduoduo shed 4%. Diddy Global approximately 14%.
– CNBC’s Maggie Fitzgerald, Jesse Pound, and Sarah Main contributed reporting
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