Stocks making the biggest moves midday: Domino’s Pizza And more

Stocks making the biggest moves midday: Domino’s Pizza And more

Nvidia

Nvidia — The chip stock increased by 12% after Nvidia’s most recent quarter’s top and bottom lines beat expectations. Analysts on Wall Street liked the results and said that opportunities in AI will help the chipmaker grow.

Lucid Group

Lucid Group fell more than 18% after reporting lower-than-expected fourth-quarter sales. Bank of America also changed the stock’s rating from “buy” to “neutral” due to worries about near-term demand.

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Bumble:

Bumble: Shares increased by more than 4% after Bumble beat expectations for its fourth-quarter revenue. But the company had a quarterly loss of 85 cents per share, which included an impairment charge from closing down operations in Russia and Belarus.

Mosaic Company

Mosaic Company — After Mosaic’s quarterly sales were better than expected, shares of the fertiliser and mineral company rose 1.4% on Thursday. The company generated $4.48 billion in revenue, while analysts surveyed by StreetAccount were expecting $4.17 billion revenue. Mosaic’s adjusted earnings per share did not meet expectations, but the company said it expected a “recovery in demand for fertilisers” this year.

Lordstown Motors

Lordstown Motors is a car dealership. Shares of the electric car manufacturer fell 14% after the company said it would stop making and delivering cars to fix quality problems with some Endurance parts. Lordstown will also voluntarily recall 19 Endurance pickups to address a “specific electrical connection issue that could result in a loss of propulsion while driving.”

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Domino’s Pizza

Domino’s Pizza and Papa John’s International — After reporting mixed earnings, the pizza chains fell by 11% and 7.6%, respectively. Analysts were wrong about Domino’s revenue and same-store sales, but its adjusted earnings per share were better. Papa John’s beat estimates for both earnings and revenue, but fell short on company-owned restaurant sales in North America.

Nikola — Shares dropped more than 7% after Nikola reported quarterly revenue that fell short of analyst expectations. Despite producing 133 trucks in the fourth quarter, the maker of electric trucks said it only sent 20 battery-electric trucks to dealers.

eBay

Even though eBay reported earnings for the fourth quarter that fell short of expectations, shares of the company fell 8.3%. The online store that sold goods made 77 cents per share, which was less than what Refinitiv had predicted, which was 81 cents per share.

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Alibaba Group

Alibaba Group Shares fell more than 2% even after the Chinese e-commerce giant’s fiscal third-quarter earnings beat analyst estimates. Instead of the expected 34.02 billion yuan, earnings per American depository receipt share came in at 46.82 billion yuan. The company made 247.76 billion Chinese yuan ($35.92 billion), which was more than the 245.18 billion Chinese yuan that analysts had predicted.

Moderna

Moderna — The pharmaceutical company’s stock dropped more than 8% after it reported lower-than-expected earnings for the fourth quarter, citing rising costs from a surplus of production capacity and lower demand for its Covid-19 vaccine.