Stocks making the biggest moves midday: Starbucks, Twilio, Carvana, DoorDash and more
In this article SBUX FNKO PYPL BABA 9626-HK BILI 9618-HK JD Follow your favorite stocks CREATE FREE ACCOUNT A customer holds a drink inside a Starbucks coffee shop in San Francisco, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Net sales rose 3.35 to $8.41 billion and Global same-store sales rose 7%. Twilio — Twilio's stock plunged nearly 36%, a day after the company issued a weaker-than-expected sales forecast. On Friday, Cowen downgraded the communication tools company to market perform from outperform, citing deteriorating macro trends. Cloud stocks — Cloud stocks took a hit amid concerns that interest rates will rise for longer than previously expected. Better-than-expected jobs data Friday also fueled concern about the Fed's continued tightening...