The New York Stock Exchange welcomes the Walt Disney Company (NYSE: DIS) today on Tuesday, May 4, 2021 to commemorate Star Wars Day.
Check out the companies that make headlines for trading at noon.
Rivian Automotive — The share of newly released electric car startups surged 22% Second day of trading.. This follows the company’s market debut, which recovered 29%. The company already has a larger market capitalization than Ford and General Motors.
Beyond Meat — Alternative meat companies I said the estimate for the third quarter, Reduce inventory by 13%.Investment company Bernstein Downgrade Beyond Meat to the market After the quarterly report, he said there was too much uncertainty about the demand for investors to buy dips.
Honest company — According to Refinitiv, Inventories of Consumer Goods increased 12% after The Honest Company’s third-quarter sales were $ 82.7 million, above the estimated $ 80.8 million. Growth in diapers and wipes was a major factor in outweighing revenue.
Bumble — The stock price of dating apps fell 20% after Bumble reported a net loss of $ 10.7 million in the third quarter. Analysts surveyed by Refinitiv expected the company to reach a break-even point. According to StreetAccount, paid users are also lower than expected.
AppLovin — According to FactSet, software inventories surged 18% after AppLovin reported third-quarter revenue of $ 727 million. The company’s revenue increased 90% year-over-year due to the growth of its business software platform.
agree with – “Buy Now, Pay Later” shares of beloved Affirm rose nearly 12% after the company announced an expansion of its partnership with Amazon and reported a quarterly earnings beat, estimated at $ 248.2 million. Recorded $ 269.4 million against. According to Refinitiv, Affirm also reported a quarterly loss on earnings per share.
SoFi – FinTech stocks surged more than 18% as investors cheered. Stronger quarterly report than expected.. SoFi reported a loss of 5 cents per share in the third quarter, exceeding Refinitiv’s forecast of a loss of 14 cents per share. Stocks have risen more than 90% since the IPO.
Marketa – Marqeta’s share of the card-issuing platform behind “buy now and pay later” brands such as Affirm and Klarna reported better quarterly results and a 60% year-over-year increase in throughput. , Increased by 0.5%.
Tapestry — Apparel inventories increased 8.4% following the company’s higher-than-expected first-quarter reports. Tapestry reported adjusted earnings of 82 cents per share for $ 1.48 billion in earnings. According to StreetAccount, analysts expected revenue of $ 1.43 billion and earnings per share of 70 cents. The company has also raised year-round guidance on revenue and revenue.
Silver Gate Capital — After JP Morgan, crypto bank share increased by about 11% Silvergate coverage started with overweight evaluation.. The investment company praised Silvergate’s growth potential and balance sheet strength.
Nio — Chinese electric car company shares rose 5.8% after Citi pulled up Stock Price Targets for Street High.. Citi said Nio should maintain its dominant position in China despite intensifying competition.
Alibaba, JD.com — Chinese e-commerce stocks watched by investors Singles’ Day, A large online shopping event. Alibaba’s share price has risen by more than 3%, and JD.com’s share price has risen by more than 7%. JD.com reported record sales for Singles’ Day.
Organon & Co.. — Pharmaceutical stocks fell 6.4%, the worst performance on Thursday at the S & P 500. The company exceeded its top and bottom line estimates in the third quarter, but did not raise forward guidance and announced that it would acquire drug developer Forendo for up to $ 945 million.
-CNBC’s YunLi, Hannah Miao, Maggie Fitzgerald and Tanaya Macchel contributed to this story.
Rivian, Bumble, Disney, Alibaba, etc.
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