A man walks in front of a Peloton store in Manhattan on May 5, 2021 in New York.

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Check out the companies making the biggest moves in the middle of the day:

Peloton — The fitness platform operator saw shares fall 8.7% after the U.S. Consumer Product Safety Commission said it is recalling more than 2 million bikes over concerns about seat breaks and related injuries. Peloton will offer free, updated seatposts to anyone using the recalled model.

Alphabet — Shares rose 5.1% on the day after Google unveiled new software and gadgets at its developer conference. The tech giant also said it is eliminating the waiting list for its Bard chatbot.

PacWest Bancorp — The regional bank’s stock fell 25% after the company said deposits fell 9.5% for the week ended May 5. Other regional banking stocks followed suit, with Western Alliance and First Horizon falling 7.3% and 3.2% respectively.

Beyond Meat — Shares fell 13.4% after the alternative meat maker said it plans to sell up to $200 million of its common stock. The company said it intends to use the proceeds for general corporate and working capital purposes. The announcement came after Beyond Meat reported a first-quarter earnings-per-share loss that was less than expected.

Disney – Disney shares fell 8% after the media company reported a drop in streaming subscribers. The entertainment giant also reported revenue and earnings in line with Wall Street estimates, according to Refinitiv.

Icahn Enterprises — Shares of Carl Icahn’s conglomerate fell another 4.5% after notable short-seller Hindenburg Research doubled down on its short-selling campaign against the company after its quarterly report. Icahn Enterprises reported a net loss of $270 million in the first quarter, and the hedge fund lost 4.1% for the period. It declared a quarterly dividend of $2 per share.

AppLovin — Shares rose 26% after the company’s first-quarter earnings beat. Revenue was $715.4 million, compared to an expected $694.8 million per StreetAccount. AppLovin’s guidance for the second quarter also topped expectations.

Goodyear Tire & Rubber — The tire maker’s shares rose nearly 20% after Elliott Investment Management sent a letter and presentation to the company. Elliott, which has about a 10% stake in Goodyear, said the purpose was to “outline the right path forward to create value in Goodyear and realize its full potential.”

Unity Software — Shares rose about 13% after the video game software developer reported first-quarter results. Unity Software’s revenue of $500 million beat the $480 million expected from analysts polled by Refinitiv. The company also raised its earnings outlook for the full year.

Tapestry — The Coach parent stock rose 8% after the company reported stronger-than-expected earnings and revenue for the latest quarter. It also gave positive guidance for the year that topped estimates.

Robinhood — Shares rose 4% after the brokerage reported better-than-expected first-quarter revenue. First-quarter revenue came in at $441 million, versus analyst estimates of $425 million, according to Refinitiv. Robinhood also showed growth in monthly users, reaching 11.8 million.

Sonos — Shares plunged 23.8% on disappointing quarterly results. The company reported an adjusted loss of 24 cents per share, while analysts polled by Refinitiv expected a loss of 18 cents per share. The home audio system maker also reduced its guidance for the second half of fiscal 2023 due to weakening consumer demand and channel partner inventory tightening. — U.S.-listed shares of rose 4.9% after the Chinese technology company beat analysts’ first-quarter expectations on the top and bottom lines. reported earnings of CNY 4.76 per share, beating consensus estimates of CNY 3.53. Revenue came in at CNY 242.96 billion, beating expectations of CNY 240.81 billion. Separately, said Sandy Ran Xu, who is the company’s current chief financial officer, has been appointed to succeed Lei Xu as CEO and managing director.

Axon Enterprise — Axon Enterprise rose 3% after JPMorgan said the pullback in the stock after its first-quarter results on Tuesday is a buying opportunity. The Taser maker fell 15% on Wednesday after reporting some disappointing overall gross margin numbers, though it otherwise beat analysts’ expectations.

Albemarle — The chemical manufacturing stock rose 2% after being upgraded by Keybanc to overweight from sector weight, citing improving trends in China’s lithium market.

— CNBC’s Tanaya Macheel, Hakyung Kim, Yun Li, Alex Harring, Samantha Subin and Sarah Min contributed reporting.

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