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Stocks making the biggest moves midday: Amgen, Uber, Lyft, Zscaler and more

In this article META AMGN WBA LVS LEG WYNN ZS NFLX Follow your favorite stocks CREATE FREE ACCOUNT A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, May 13, 2020. Mike Blake | Reuters Check out the companies making headlines in midday trading. Amgen — The biopharma stock jumped 6.2% after Morgan Stanley upgraded Amgen to overweight from equal weight, saying Amgen is "largely derisked" and provides defensiveness for investors. Walgreens Boots Alliance — Shares of the drugstore chain jumped nearly 4%, giving the Dow Jones Industrial Average a boost. Walgreens' rally came after the company announced an acquisition of healthcare firm CareCentrix. The stock is still down about 36% on the year. Walgreens is set to report its quarterly earnings on Thursday. Uber, Lyft — Shares of the rideshare companies dropped 7% and 8%, respectively, after the Labor Department proposed a new rule that could pave the way for ...

Stocks making the biggest moves midday: Digital World, Domino's, Revlon, Albertsons and more

In this article DAL DWAC Follow your favorite stocks CREATE FREE ACCOUNT Revlon signage is seen on display in a Boots store in London, Britain, June 16, 2022. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Digital World Acquisition — The company planning to take Donald Trump's media company Truth Social public surged 20%, continuing its ascent on an announcement Wednesday that Google would allow the media company into its app store. The company was previously banned. Relmada Therapeutics — Shares of the biotech company plummeted 78.2% following an announcement that a drug for treating depression did not meet goals for its late-stage study. It was a 52-week low for the stock. Albertsons – Shares of the Safeway and Acme owner surged 12.6% on news that a potential buyout by rival supermarket operator Kroger could come as soon as Friday. Kroger shares dipped 2.1% on the report. Domino's Pizza — Shares of the pizza chain jumped more than 8%...

Stocks making the biggest moves after hours: Snap, CSX, Whirlpool and more

In this article GOOGL META THC SIVB WHR SNAP RHI CSX Follow your favorite stocks CREATE FREE ACCOUNT Snapchat logo displayed on a phone screen is seen with a laptop in the background in this illustration photo taken in Krakow, Poland on August 10, 2022. Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in after-hours trading. Snap – The social media stock plummeted 25% after Snap's revenue came in lower than expected after the bell. The number of global daily active users came in higher than forecasted. The company&#x27 ;s third -quarter revenue was about 6% higher than last year. Meta and Alphabet also slid 4.7% and 2.6%, respectively. CSX – The transportation company is trading up 4.3% after it reported third-quarter results, posting beats on top and bottom lines. CSX reported 52 cents in adjusted earnings per share on revenue of $3.90 billion. Analysts predicted per-share earnings of 49 cents on revenue of $3.74 billion, according to Refi...

Stocks making the biggest moves after hours: Airbnb, Advanced Micro Devices, Match Group and more

In this article INTU MTCH AMD ABNB Follow your favorite stocks CREATE FREE ACCOUNT The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. Charles Platiau | Reuters Check out the companies making headlines in extended trading. Airbnb — The lodging stock fell about 6.6% after hours even after the company reported better-than-expected quarterly earnings and revenue. On Airbnb's earnings call, management said trends in its recovery vary by region and that global cancellation rates for the third quarter were higher than 2019 levels, but below 2021 and 2020 levels. Advanced Micro Devices — The chipmaker saw its shares rise more than 4% despite reporting quarterly results and issuing guidance that missed analysts' expectations. Results from all four of the company&#x27 ;s business segments were better than the company had called in its October warning. Match Group — Shares of the dating app operator jump...

Stocks making the biggest moves after hours: Alphabet, Microsoft, Texas Instruments and more

The logo of Alphabet Inc's Google outside the company's office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Check out the companies making headlines after hours. Alphabet — The search engine parent dropped 5.8% after Alphabet missed third-quarter earnings expectations, and reported a decline in YouTube ad revenue. Alphabet earned $1.06 per share on revenue of $69.09 billion. Analysts surveyed by Refinitiv were forecasting $1.25 earnings per share on revenue of $70.58 billion. Microsoft — Shares slipped 2.7% after Microsoft reported weaker-than-expected cloud revenue in its latest quarterly results, despite otherwise beating earnings and revenue forecasts . Texas Instruments — Shares declined 5.7% after TI's Q4 revenue and earnings forecasts missed the average analyst's consensus estimate, according to FactSet. Texas Instruments posted Q3 revenue of $5.24 billion, greater than the $5.14 billion forecast, according to consensus estimates from Refinitiv...

Stocks making the biggest moves midday: Allstate, AT&T, IBM, Tesla and more

In this article IBM ALL T NVDA TSLA DDOG KMI Follow your favorite stocks CREATE FREE ACCOUNT Elon Musk looks at a robot display during a tour of the new Tesla Motors auto plant, formerly operated New United Motor Manufacturing Inc. (NUMMI), in Fremont, California, U.S., on Wednesday, Oct. 27, 2010. Bloomberg | Bloomberg | Getty Images Check out the companies making headlines in midday trading. AT&T – The telecom giant's stock jumped 7% after the company surpassed earnings and revenue estimates for the recent quarter. AT&T's wireless revenue rose 5.6%. Allstate – Shares of insurer Allstate fell 11% after the company said it would report a loss in the third quarter following Hurricane Ian, which struck in September and boosted catastrophe losses. Tesla – Shares of electric automaker Tesla fell 6% Thursday, a day after the company reported third -quarter earnings that fell short of Wall Street's expectations for revenue. Tesla also warned of a bottleneck for de...

Stocks making the biggest moves midday: Snap, American Express, Verizon, Twitter and more

S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of the Snapchat parent company cratered 30% after missing revenue estimates and sharing its slowest sales growth since going public as advertising spending slows. The results from Snap hit other ad-reliant stocks, sending shares of Pinterest and Meta Platforms down about 7.7% and 2.6%, respectively. Twitter — The social media stock sank more than 4% Friday amid a slew of media reports surrounding Twitter and Elon Musk. The Washington Post reported on Thursday that the Tesla CEO told some potential investors that he would slash nearly three-quarters of Twitter's workforce in his deal to buy the company. Bloomberg reported that the Biden administration is weighing whether it should subject some of Musk's ventures to national security reviews. American Express – Shares of American Express fell about 3.5% even after the bank reported quarterly earnings and revenue that beat anal...

Stocks making the biggest moves after hours: Snap, CSX, Whirlpool and more

In this article GOOGL META THC SIVB WHR SNAP RHI CSX Follow your favorite stocks CREATE FREE ACCOUNT Snapchat logo displayed on a phone screen is seen with a laptop in the background in this illustration photo taken in Krakow, Poland on August 10, 2022. Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in after-hours trading. Snap – The social media stock plummeted 25% after Snap's revenue came in lower than expected after the bell. The number of global daily active users came in higher than forecasted. The company&#x27 ;s third -quarter revenue was about 6% higher than last year. Meta and Alphabet also slid 4.7% and 2.6%, respectively. CSX – The transportation company is trading up 4.3% after it reported third-quarter results, posting beats on top and bottom lines. CSX reported 52 cents in adjusted earnings per share on revenue of $3.90 billion. Analysts predicted per-share earnings of 49 cents on revenue of $3.74 billion, according to Refi...

Here's what the Wells Fargo cross-selling scandal means for the bank's growth

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In this article WFC Follow your favorite stocks CREATE FREE ACCOUNT Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity in Wells Fargo's sales department first surfaced in 2013. The bank opened at least 3.5 million fraudulent accounts for unwitting customers, according to researchers at the Harvard Business School. This and other issues have led the government to fine the bank repeatedly. Regulators for banking, consumer protection, trading, and workplace safety continue to keep a close watch on Wells Fargo. The bank says it's working to comply with a barrage of consent orders issued by the government dating back to 2016. In addition to fines, Wells Fargo has faced a cap on its assets, issued by the Federal Reserve in 2018. "We continue to hold the firm accountable for its deficiencies with an unprecedented asset cap that ...