Stocks making the biggest moves midday: Peloton, Super Micro Computer, Robinhood, Estee Lauder and more
Discover the companies that are grabbing the spotlight in midday trading.
Peloton’s stock catapulted up 28% as the fitness equipment provider announced higher than predicted fiscal first quarter results, enhancing its annual profit forecast. In addition, Ford executive Peter Stern will take over as the new CEO starting January.
The pre-owned car marketplace, Carvana, experienced a 23% stock climb following a successful third-quarter earnings report that surpassed previous revenue predictions. It also anticipates that its annual adjusted EBITDA will considerably exceed its past estimates.
Shares of Norwegian Cruise Line Holdings surged by 10% owing to a third-quarter report that outperformed Wall Street’s forecasts. The company also elevated its annual earnings prediction.
Etsy, the online e-commerce platform, saw an increase of 8% in its stock value post an unexpected third-quarter revenue soar.
Shares in Altria Group, a tobacco company, escalated 7% after their third-quarter adjusted earnings per share surpassed consensus predictions.
Tech giant Microsoft experienced a 5% slip in stocks due to lower than expected revenue forecasts for the ongoing quarter.
eBay shares dropped by 9% as the online marketplace anticipated lower fourth-quarter revenue than analysts predicted.
Coinbase had a 10% decrease in stocks following less than expected third-quarter earnings and revenue.
Uber stocks plummeted over 10% due to the company missing Wall Street’s expected gross bookings for the third quarter.
MGM Resorts fell by 10.6% after announcing lower third-quarter adjusted earnings than the previous year.
Super Micro Computer stocks slumped 13% following the resignation of its auditor, Ernst & Young.
Teleflex saw a 15.6% decrease in shares after revealing less than predicted third-quarter revenue.
Robinhood shares decreased by 14.6% due to less than expected third-quarter per-share earnings.
Shares in Estee Lauder, the luxury cosmetics giant, descended more than 20% after the company retracted its annual financial performance forecast citing a challenging demand environment in China. The company also reduced its quarterly dividend.
