Check out the companies that are getting a lot of attention in Thursday noon trading.
Calvana — Share of online used car retailers Almost 30% pop, Along with other significantly lacking stocks. Nearly 29% of the Carvana shares available for trading are sold out, according to FactSet. The company has recently faced negative sentiment on Wall Street and was downgraded from Stiffel, Morgan Stanley and Wells Fargo this month.
Tapestry — Equities soared 15.9% after coaches and luxury companies behind Kate Spade reported it Covid-related shutdowns in China are expected to be mitigated in June.. Tapestry also reported adjusted quarterly earnings of 51 cents per share. This exceeded the consensus estimate from Refinitiv.
GameStop, AMC Entertainment — Two of the main players in last year’s meme trading Soaring again on Thursday.. GameStop and AMC shares rose 10.3% and 7.3%, respectively, up significantly early in the session. There was no clear news driving the move. This may have been due in part to traders who lacked stock to cover their positions.
General Motors, Ford —Thursday, legacy car stocks were under pressure. Wells Fargo downgraded both from overweight to underweightWarns that the high manufacturing costs of electric vehicles will hurt profits in the coming years. Ford lost 1.4%, but GM fell 3.6%.
We work — Shares surged 9.8% after coworking space companies announced their first quarter results. WeWork reported a 57 cents reduction in adjusted earnings per share for revenue of $ 765 million. The loss was 37% less than in the previous quarter.
Rivian, Lucido — Stocks of some electric car companies soared at noon trading in unexplained trading. Rivian’s share price soared 20.9% on Wednesday after an electric car maker said it plans to build 25,000 cars this year. First quarter loss This was slightly less than analysts expected. Lucid’s share price rose 12.3%.
Sonos — Amid continued demand, market share surged 14.9% after high-end audio product makers reported higher-than-expected earnings in the last quarter. Revenue for the quarter was $ 399 million and Refinitiv forecasts $ 350 million.
Synchrony financial — Synchrony Financial’s share price was under pressure following a downgrade from Wolfe Research.Research company Downgrade stock to reduce performance Peerperform said credit card stocks will continue to be under pressure from recession risk. Stock prices have fallen 5%.
Bumble — According to Refinitiv, after the company reported first-quarter revenue of $ 211.2 million, the share of dating app operators surged 26.2%, surpassing analysts’ estimated $ 208.3 million. The company also said quarterly paying users increased by 7.2%.
— CNBC’s Tanaya Macchel, Hannah Miao, and Jesse Pound contributed to the report.
Carvana, GameStop, AMC, General Motors, etc.
Source link Carvana, GameStop, AMC, General Motors, etc.