Stocks making the biggest moves midday: Boeing, Vistra, Match Group and more
Here’s what’s happening in the business world today:
Pinterest saw its shares plummet by 12% as the social media giant’s projected earnings failed to meet expectations. Its forecasted third-quarter revenue, ranging between $885m and $900m, fell short of analysts’ predicted $908.6m.
Vistra, the Texas-based power company, witnessed a 14% in stock value after securing the Nuclear Regulatory Commission’s approval to operate the Comanche Peak Nuclear Power Plant until 2053.
Match Group, the parent company of Tinder, enjoyed a 13% rise in shares following the announcement of their $864m second-quarter revenue, beating analysts’ estimates of $856.5m.
AMD shares increased by more than 4% on the back of robust second-quarter earnings and revenue results. Also, Nvidia and Qualcomm shares surged more than 11% and 5%, respectively, following this announcement.
Arista Networks saw a 9% spike in its shares after posting impressive second-quarter results that exceeded Wall Street’s expectations.
Skyworks Solutions experienced a 6% drop in stock value as their fiscal third-quarter adjusted earnings of $1.21 didn’t meet analysts’ forecasts.
Upstart’s stock rallied over 10% as Mizuho upgraded it from underperform to outperform, predicting a 19% increase from Tuesday’s close.
DuPont de Nemours shares ascended by 5% after second-quarter results outperformed Wall Street’s expectations.
Humana, the health insurance company, saw its shares decrease by 9% as it announced full-year earnings expectations that fell short of analysts’ predictions.
Starbucks, despite weaker-than-expected sales for the fiscal third quarter, managed to see its stock rise by 4%.
AutoNation saw an 8% rise in shares, even though its revenue did not meet Wall Street expectations.
Kraft Heinz witnessed a 4% jump in shares following the announcement of stronger-than-expected second-quarter adjusted earnings.
Marriott International shares fell by more than 5% owing to second-quarter revenue and third-quarter earnings guidance falling short of expectations.
Bunge shares dropped nearly 8% after the company reported second-quarter results that missed the mark.
Constellation Energy saw an 11% rise in shares after results from the PJM’s capacity auction were announced.
Lastly, Boeing shares escalated by 3% following the appointment of Robert “Kelly” Ortberg as CEO, replacing Dave Calhoun.