Stocks making the biggest moves midday: AFRM, WBD, SFIX, CPB

Gabe Jones | bloomberg | Getty Images

Check out the companies that make the biggest moves in the middle of the day.

Confirmation — Shares of the payments company rose 6% after Affirm and Amazon announced a new compatibility feature. a company adaptive exitwhich offers customers over-time payment plans, will now have the option to pay through merchants that offer Amazon Pay.

Stitch Fix The stock rose 32% after the online personal-styling service company reported a narrower-than-expected loss for its fiscal third quarter. Stitch Fix posted a loss of 19 cents per share, compared to the 30 percent per share loss that analysts had expected, according to Refinitiv. Revenue also exceeded expectations.

Discovery Warner Bros. – Shares rose 5% after it was announced that CNN CEO Chris Licht is leaving the company after a turbulent reign of just over a year.

Dave & Buster’s — Shares of the entertainment giant jumped 18% on the day after Dave & Buster’s posted an earnings beat. The company reported first-quarter earnings of $1.45 per share, while analysts polled by Refinitiv called for $1.24 per share. Revenue came in below expectations, however, at $597 million, versus the $602 million Wall Street estimate.

GameStop – The meme stock added 3.6% ahead of its quarterly results after Wednesday’s close. Analysts polled by FactSet expect a quarterly loss of 15 cents per share.

Petrobras — Shares rose 2% after Morgan Stanley upgraded the Brazilian oil giant to overweight. The Wall Street firm said Petrobras could offer investors greater returns this year than in the past.

See also  China cuts stamp duty on stock trading in half to boost the flagging market

Tesla – Shares added 1.5% after the electric vehicle maker reported Update on their website That showed that new Model 3 and Model Y vehicles are eligible for the $7,500 tax credit from the Inflation Control Act.

Yext — Shares of the internet marketing company were up more than 38% at midday on earnings outperformance. On Tuesday, the company reported an adjusted 8 cents per share on $99.5 million in revenue, while analysts expected 5 cents and $98.5 million, according to FactSet.

Super Micro Computer – The chip stock added 2% after Rosenblatt opened coverage with a buy rating and a price target of $300, which means up nearly 29% from Tuesday’s close. A Wall Street firm has described Super Micro Computer as a major beneficiary of artificial intelligence.

Campbell Soup — Shares fell more than 7% after the company reaffirmed guidance for the full year of $2.95 to $3.00 adjusted earnings per share, below the $3.01 expected by analysts polled by StreetAccount. However, its financial earnings for the third quarter beat estimates, while revenue was on the same line.

Mobileye Global — The autonomous vehicle technology stock added about 4% after Canaccord Genuity initiated coverage with a Buy rating. The Wall Street firm described Mobileye as a sustainable game that would also improve supply chains.

Coinbase – The cryptocurrency exchange gained 2.7% after losing 12% in the previous session. The US Securities and Exchange Commission sued Coinbase on Tuesday, alleging that the company was operating as an unregistered exchange and broker. Ark Invest’s Cathy Wood snapped the stock after the news on Tuesday.

See also  Southern Europe wrestles with the changing face of tourism

— CNBC’s Jesse Pound and Brian Evans and Darla Mercado contributed reporting.

Leave a Reply

Your email address will not be published. Required fields are marked *