{"id":143756,"date":"2021-11-04T18:08:56","date_gmt":"2021-11-04T18:08:56","guid":{"rendered":"https:\/\/precoinnews.com\/?p=143756"},"modified":"2021-11-04T18:08:56","modified_gmt":"2021-11-04T18:08:56","slug":"stocks-making-the-biggest-moves-midday-moderna-nvidia-etsy-and-more","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-moderna-nvidia-etsy-and-more\/","title":{"rendered":"Stocks making the biggest moves midday: Moderna, Nvidia, Etsy and more"},"content":{"rendered":"

Check out the companies making headlines in midday trading.<\/em><\/p>\n

Moderna\u00a0\u2014 Moderna shares tumbled 19% after a weaker-than-expected quarterly report. The drug maker cut its Covid-19 vaccine sales forecast for the year and missed third-quarter earnings and revenue expectations. Moderna earned $7.70 per share for its latest quarter versus the $9.05 Refinitiv consensus estimate.<\/p>\n

Penn National Gaming \u2014 Shares of Penn National Gaming sank about 20% after issuing quarterly results. The company reported adjusted EBITDAR (earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs) of $480.3 million versus the StreetAccount consensus estimate of $537.8 million. Penn management said the third quarter was affected by Hurricane Ida and flare-ups of the delta Covid variant.<\/p>\n

Nvidia \u2014 Shares of Nvidia rallied 12% after Wells Fargo raised its price target on the stock to a Street high of $320 per share from $245, citing a bullish outlook on the company's Omniverse. "We see\u00a0NVIDIA\u00a0Omniverse as a key enabler\/platform for the development of the Metaverse across a wide range of vertical apps," analysts said.<\/p>\n

Etsy \u2014 The online crafts marketplace's shares surged 14% after reporting third-quarter earnings that beat analysts' expectations. Etsy recorded a profit of 62 cents per share, beating StreetAccount's consensus estimate of 55 cents.<\/p>\n

Qualcomm \u2014 Shares of the chipmaker popped more than 12% after a better-than-expected earnings report. The company reported its\u00a0fiscal fourth-quarter earnings and revenue that\u00a0exceeded analysts' expectations. Qualcomm reported a 56% year-over-year boost in smartphone chip sales despite a global chip shortage.<\/p>\n

Planet Fitness\u00a0\u2014 Shares of Planet Fitness rose 12% after the fitness center chain beat on the top and bottom lines. The company posted adjusted earnings of 25 cents per share versus the StreetAccount consensus of 18 cents per share. Planet Fitness also raised its full-year revenue forecast.<\/p>\n

Roku\u00a0\u2014 Roku shares slid 8.3% after a weaker-than-expected quarterly revenue report. The streaming company posted revenue of $680 million, while Refinitiv forecast $683.4 million. Roku also issued a fourth-quarter revenue forecast below expectations.<\/p>\n

Lumen Technologies \u2014 Lumen shares gained 12% after the telecommunications company posted better-than-expected quarterly results for per-share earnings. The company report an adjusted profit of 49 cents per share versus the StreetAccount consensus estimate of 38 cents per share.<\/p>\n

Qorvo \u2014 The semiconductor stock fell 14% after the company's sales guidance came in well below expectations. Bank of America downgraded the stock to neutral from buy, saying that the boost to Qorvo's revenue from 5G was slowing, possibly creating a significant decrease in revenue growth in the years ahead.<\/p>\n

Take-Two Interactive\u00a0\u2014 Take-Two shares added 2.6% after the video game company's quarterly revenue beat expectations. The company posted revenue of $984.9 million, versus the Refinitiv consensus of $867.5 million. Take-Two also raised its outlook.<\/p>\n

Electronic Arts \u2014 Shares of Electronic Arts gained 2.7% after the video game maker beat Wall Street's quarterly earnings expectations. The video game maker also topped revenue expectations and hiked its full-year outlook.<\/p>\n

ViacomCBS \u2014 ViacomCBS shares fell 3.6% despite the media company's better-than-expected revenue report. The company posted revenue of $6.61 billion versus the StreetAccount consensus of $6.56 billion. ViacomCBS's earnings results were in line with estimates.<\/p>\n

Wayfair\u00a0\u2014 Shares of Wayfair slid 4.7% after the online home goods seller reported lower-than-expected revenue. Wayfair did beat the StreetAccount earnings-per-share consensus. The company said consumers are trending more toward brick-and-mortar stores as Covid restrictions ease.<\/p>\n

MGM Resorts\u00a0\u2014 Shares of MGM fell more than 2% after it announced it will sell the operations of its Mirage casino in Las Vegas. Bloomberg first reported the news. No sales agreement has been reached, MGM said, and the company didn't disclose the names of potential buyers.<\/p>\n

Capri Holdings \u2014 Shares of the fashion brand company climbed more than 5% after Capri beat estimates on the top and bottom lines for its second quarter. The Versace parent company also hiked its full-year guidance for earnings and sales. JPMorgan upgraded the stock to overweight from neutral after the report, saying the company was showing strength across multiple brands.<\/p>\n

SunPower \u2014 Shares of the residential solar company slid more than 1% after SunPower missed revenue expectations during the third quarter. The company's sales stood at $324 million for the period, short of the $333 million analysts surveyed by Refinitiv were expecting. SunPower recently announced a restructuring aimed at doubling down on the residential solar market.<\/p>\n

\u2014 CNBC's Tanaya Macheel, Jesse Pound, Yun Li and Pippa Stevens contributed reporting<\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Check out the companies making headlines in<\/p>\n","protected":false},"author":3,"featured_media":143755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nStocks making the biggest moves midday: Moderna, Nvidia, Etsy and more - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-moderna-nvidia-etsy-and-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks making the biggest moves midday: Moderna, Nvidia, Etsy and more - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Check out the companies making headlines in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-moderna-nvidia-etsy-and-more\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-04T18:08:56+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/11\/Stocks-making-the-biggest-moves-midday-Moderna-Nvidia-Etsy-and-more.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-moderna-nvidia-etsy-and-more\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-moderna-nvidia-etsy-and-more\/\",\"name\":\"Stocks making the biggest moves midday: Moderna, Nvidia, Etsy and more - 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