HomeWorld NewsUS NewsStocks making the biggest moves midday: Lyft, Delta, Dow, Facebook & more

Stocks making the biggest moves midday: Lyft, Delta, Dow, Facebook & more

Stocks making the biggest moves midday: Lyft, Delta, Dow, Facebook & more

Check out the companies making headlines midday Tuesday:

Lyft – Shares of Lyft are down 1.3 percent after Seaport Global Securities analyst Michael Ward raised concerns over the ride-sharing company’s valuation. Ward initiated coverage of the stock with a sell rating and a 12-month price target of $42 per share, while Lyft’s IPO was $72. Lyft has been trading under its initial IPO price since Monday. Ward said that buying Lyft’s stock requires a “big leap of faith.”

Delta – Delta Air Lines stock rose 6.6 percent after the airline raised its guidance for its first-quarter earnings and announced an 11 year extension of its credit card deal with American Express. Delta said its non-fuel costs were less than originally projected, and will be about the same or half a percentage point higher than last year.

Walgreens – Shares of Walgreens dropped 12.2 percent after the drugstore chain reported lower-than-expected second-quarter earnings and reduced its full year earnings forecast for 2019. Walgreens reported earnings of $1.64 per share, 8 cents lower than expected, and revenues of $34.528 billion, $27 million below estimates.

Dow Inc – Dow stock climbed 4.7 percent after replacing DowDuPoint on the Dow Jones industrial average, completing a spin-off announced previously. Dow received a number of buy ratings following the split, including from Credit Suisse, BMO Capital Markets and Deutsche Bank.

Facebook – Shares of the tech giant rose 2.8 percent following Deutsche Bank’s call that Facebook’s Instagram platform could “add an incremental $10 [billion] of revenue in 2021” thanks to the new e-commerce checkout feature. Facebook gave Instagram users the ability to browse and purchase offerings directly from 23 top brands in the U.S., all within the app.

MongoDB – Shares of cloud service MongoDB dropped 2.3 percent following a report that the company leaked personal data of 12.5 million pregnant women in India.




More Related Articles

Sign up to receive awesome contents in your inbox, everyday in the morning.

We don’t spam! Read our privacy policy for more info.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

We use cookies to ensure that we give you the best experience on our website.