Biggest Market Movers Midday: Bed Bath & Beyond, Virgin Oil, Coinbase and More

Bull - Market Indicator
Bull - Market Indicator

Virgin Orbit — The satellite launch service company fell 12% a day after it confirmed its first launch out of the United Kingdom Monday failed to reach orbit. The mission was Virgin Orbit’s sixth to date, and its second launch failure.


Danaher — Shares of Danaher rose more than 4% after the maker of medical, industrial and commercial products issued upbeat guidance for fourth-quarter non-GAAP core revenue. The company now expects growth in the high single-digit percentages on a year-over-year basis. It previously projected flat to low single-digit percentage declines.

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Sotera Health — The stock soared nearly 90% a day after Sotera Health announced the settlement of more than 870 cases relating to the exposure of ethylene oxide, a carcinogen, from its Willowbrook facilities. The company, which said the settlement is not an admission that the emissions posed a safety hazard, agreed to pay $408 million.


Warner Bros. Discovery — Shares of the media company jumped more than 6% after Bank of America added the stock to the “US1” list. The Wall Street firm said it remains bullish on the long-term potential and views the current risk/reward as “highly attractive.”