Stocks making the biggest moves midday: JetBlue Airways, Shopify, Biogen and more

JetBlue Airways’ Airbus A320 makes its ascent from Tampa, Florida, with the breathtaking skyline of Manhattan, New York, as its backdrop upon its arrival at JFK International Airport on Feb. 7, 2024.

Charly Triballeau | Afp | Getty Images

Take note of these companies that are buzzing in midday trading:

WK Kellogg – The iconic cereal brand’s stocks have leaped 11% after exceeding both top and bottom line expectations for Q4. The recently divested company has also boosted its 2024 forecast.

Shopify – Despite outpacing Q4 earnings and revenue estimates, the e-commerce giant’s shares have dipped over 10% following a mixed forecast for the current quarter.

Arista Networks – The tech firm’s stock dipped by 4% even after surpassing Q4 estimates.

Marriott International – Shares of the hospitality powerhouse fell 5.7% following a miss on Q4 revenue estimates.

ZoomInfo Technologies – The company’s stocks took a healthy 10% jump following robust earnings and an upbeat Q1 EPS outlook.

JetBlue Airways – The airline’s stocks have soared over 11% after Carl Icahn, an activist investor, procured around 10% stake in the company.

Biogen – The biotech firm’s stocks nose-dived over 6% following a miss on Wall Street’s Q4 estimates.

Tripadvisor – The travel aggregator’s shares surged nearly 12% following the formation of a special committee to study potential transaction proposals.

Hasbro – The toy manufacturer’s shares sank 6% after missing Q4 Wall Street expectations.

Cadence Design Systems – The software firm’s shares declined 3.7% after a weak Q1 guidance.

Bruker – The biotech company’s shares jumped 8% after beating revenue expectations in Q4 and presenting an in-line EPS.

Housing Stocks – A hotter-than-expected January CPI report triggered a downfall for housing stocks.

Crypto stocks – Stocks tied to the price of bitcoin slumped after the cryptocurrency’s pullback following an unexpected January CPI report.