Stocks making the biggest moves midday: Moderna, Uber, Boeing, Adobe and more
Check out the companies making headlines in midday trading: Moderna — Shares of the vaccine maker pulled back more than 2% following a downgrade to underweight from JPMorgan . The firm cited Moderna’s changes to its revenue forecast as a headwind to the stock’s performance moving forward. Oracle — The stock rose 0.4% after the database software company raised its fiscal 2026 revenue outlook . The company also issued strong guidance for the 2029 fiscal year. Aptiv PLC — Stock in the auto parts company climbed 3%. CEO Kevin Clark bought about 30,000 shares of Aptiv earlier in the week, a U.S. regulatory filing showed . RH — The home furnishings retail company jumped more than 25% after posting a stronger-than-expected second quarter. RH reported $1.69 in adjusted earnings per share on $830 million of revenue. Analysts surveyed by LSEG were looking for $1.56 in earnings per share on $825 million of revenue. The company’s CEO Gary Friedman said in a letter that demand “accelerated into the third quarter” and the company expects that to continue into 2025. Uber — Shares of the ride-sharing company advanced more than 6% following news that it plans to expand its partnership with Alphabet’s Waymo . The move allows Uber to offer robotaxi services in Austin, Texas, and Atlanta beginning early next year. Adobe — Shares tumbled more than 8% after the software company issued weaker-than-expected guidance for the current quarter. Meanwhile, Adobe topped fiscal third-quarter estimates on the top and bottom lines. Boeing — The aerospace company slid about 4% after Boeing factory workers went on strike earlier on Friday and rejected a new labor contract. The work stoppage could affect Boeing’s production of its key 737 Max. Unity Software — Shares of the game engine company added 5%. Stifel raised its price target on Unity to $25 from $20, reflecting 32% upside from Thursday’s close. Etsy , Wayfair , PDD Holdings — Shares of U.S. e-commerce stocks Etsy and Wayfair advanced roughly 8% and 6% each after the Biden administration announced plans to close trade loopholes related to what it labeled the “overuse and abuse” of allowing low-cost imports into the U.S. without paying duties and processing fees. Shares of China-based PDD Holdings slipped more than 2%. Redfin Corporation — The real estate brokerage firm surged 25%. Builder and real estate stocks alike were broadly higher as investors await an expected rate cut from the Federal Reserve next week. The iShares U.S. Home Construction ETF (ITB) and SPDR S & P Homebuilders ETF (XHB) were both up about 3% each. Warner Bros. Discovery — Shares advanced about 11% after the media conglomerate entered an early renewal agreement with Charter Communications. Separately, Warner Bros. Discovery CEO David Zaslav forecast the company would add more than six million subscribers throughout the current quarter. — CNBC’s Jesse Pound, Sean Conlon, Samantha Subin and Hakyung Kim contributed reporting. This post has been syndicated from a third-party source. View the original article here.
