FOLLOW US

America November 1, 2022 4 mins read

Stocks making the biggest moves midday: Uber, Peloton, Carvana, and more

America ı By Rochdi Rais

0 Comments

Stock market Wall Street

Uber – Shares of Uber jumped 12% after the company reported revenue that exceeded Wall Street’s expectations. The company also gave better-than-anticipated guidance for its fourth quarter, projecting strong bookings growth and adjusted EBITDA of $600 million to $630 million. Analysts surveyed by Refinitiv expected $568 million in adjusted EBITDA.

 Abiomed – Shares of the heart pump maker surged 50% after the company announced it has agreed to be acquired by Johnson & Johnson for $16.6 billion in cash. Johnson & Johnson is looking to boost growth at its medical devices unit after it completes plans for a spinoff of its consumer health business next year. J&J shares fell 1%.

Pfizer – Shares of the pharmaceutical giant jumped nearly 3% after the company reported stronger-than-expected earnings and issued an improved financial outlook. Pfizer said strong demand for its older drugs helped offset a drop in sales of its Covid-related products. The stock is still down about 19% this year.

Peloton – Shares of the struggling home fitness company were up 5.8% as its products went live on the Dick’s website Tuesday. Dick’s shares added 2.4%.

Fox – Shares jumped 6% following the company’s earnings showing its free, ad-supported streaming service helped boost advertising revenue.

Molson Coors Beverage – Shares of Molson Coors fell 3.8% after the beer giant reported earnings that fell short of expectations. The brewer of Coors Light, Millers Light and Blue Moon had third-quarter earnings per share of $1.32, versus a StreetAccount estimate of $1.35.

 

Goodyear Tire – Shares fell 13% after the tire company’s earnings fell short of expectations due in part to higher costs and a surging dollar.

Amazon – Shares of the e-commerce giant lost 5.2%. Deutsche Bank reiterated the stock as a buy and said it was well positioned, but did concede that macro challenges were challenging advertising budgets.

Carvana — Shares advanced 11.9% after JPMorgan upgraded Carvana to neutral from underweight, saying the company and investors have a better handle on the risks in the used car seller after its decline this year.

SoFi – The fintech company jumped 10% on the back of a smaller-than-expected quarterly loss and revenue that exceeded analysts’ forecasts. SoFi also issued upbeat guidance and said added about 424,000 members during the quarter.

Stryker – The medical technology company dropped 4% after cutting its outlook due to inflation and foreign exchange pressures.

Eli Lilly – The drug manufacturer dropped 4.8% after it cut its full-year forecast, citing the stronger dollar and increased competition.

Hologic – The medical equipment maker popped 8.6% following its report of quarterly profit that was above expectations. Hologic also issued a strong outlook.

Avis Budget – Shares of the rental car company slid 8% despite Avis beating expectations on quarterly earnings amid a resurgence of travel.

Gartner – The research firm was up 7.5% after it beat per-share earnings expectations, according to StreetAccount, and issued positive full-year guidance.

Trex – The decking and railing maker lost 6.8% after posting weaker-than-expected earnings and revenue. Trex also said it reduced production levels and laid off staff as sales declined.

Sealed Air – The packaging company slid 7.2% after posting disappointing quarterly figures. Sealed Air also brought down its revenue guidance for the full year.

Ecolab – Shares of the science company lost 8.5%. Revenue came in slightly above expectations when reporting earnings, but the company said it is expecting negative headwinds from foreign conversion rates that will weigh on full-year guidance.

Deckers Outdoor — Shares jumped 4.3% after Bank of America reinstated coverage of Deckers Outdoor with a buy rating, saying the footwear company has a strong portfolio of brands led by Hoka and Ugg that will help the stock outperform.

IDEXX Laboratories – Shares added 7.8% after the company gave full-year guidance showing earnings per share between $7.74 and $7.98 compared to a FactSet estimate of $7.89. Expected revenue was set at $3.325 billion to 3.365 billion against FactSet’s $3.35 billion forecast.

 

 

Previous Article

Amazon Prime Members Will Now Get 100 Million Songs, Up From 2 Million, According to an Announcement

Read More
2772 Posts

Rochdi Rais

Rochdi Rais is the Head of Growth and financial and legal writer at USA Herald. He has been writing and editing financial, legal and U.S. news for years with over +4000 articles published during his career.

Discussion

No comments yet. Be the first to join the discussion!

Don’t Miss It
America September 14, 2026
Bamboo Insurance IPO Eyes $3.24 Billion Valuation in Bold Market Bet
By – Rihem Akkouche
America September 14, 2026
Abbott $384M Settlement Closes Chapter on Tainted Formula Scandal
By – Rihem Akkouche
America September 14, 2026
Bob Mackie Death Ends an Era of Sequins and Showbiz Glamour
By – Rihem Akkouche
And More September 14, 2026
Sydney Sweeney and Scooter Braun Celebrate a Year of Romance
By – Jackie Allen
America September 14, 2026
AI Safety Warnings Mount. Trump Calls It a ‘Conspiracy’
By – Michallie Harrison
America September 13, 2026
Lawyers Clash Over 12.5% Cut of…

Key Takeaways Class attorneys behind the $2.8 billion Blue Cross…

By – Samuel Lopez
America September 13, 2026
AI Whistleblowers:  Warnings  Coming From Inside…

AI Whistleblowers are increasingly sounding the alarm about the speed…

By – Jackie Allen
America September 13, 2026
New Mexico Lawyer Fined $5,000 After…

Key Takeaways A New Mexico defense attorney was held in…

By – Samuel Lopez
America September 13, 2026
China Expands Legal Reach Abroad as…

3 Key Takeaways China is expanding laws that can reach…

By – Samuel Lopez
America September 13, 2026
Bayer’s $7.25 Billion Roundup Settlement Faces…

Key Takeaways Bayer’s Monsanto unit will ask a Missouri judge…

By – Samuel Lopez
America September 13, 2026
Tylenol Maker and Pharmacy Chains Ask…

By Samuel López | USA Herald Tylenol maker Kenvue and…

By – Samuel Lopez
America September 13, 2026
Tylenol Maker and Pharmacy Chains Ask…

By Samuel López | USA Herald Tylenol maker Kenvue and…

By – Samuel Lopez
America September 13, 2026
Serena Williams’ Daughters Make History as…

Serena Williams has built one of the most decorated careers…

By – Jackie Allen
America September 13, 2026
KJ Biermann Faces Seven Felony Charges…

KJ Biermann, the 15-year-old son of “Real Housewives of Atlanta”…

By – Jackie Allen
America September 13, 2026
DOJ Uses Alien Terrorist Removal Court…

Key Takeaways The Justice Department has completed the first removal in…

By – Samuel Lopez
America September 13, 2026
Federal Judge Stays Discovery In Lawsuit…

Key Takeaways A federal magistrate judge stayed discovery while the…

By – Samuel Lopez
America September 13, 2026
Court Finds First Amendment Violation in…

Key Takeaways The Superior Court found that unexplained sealing violated…

By – Samuel Lopez
America September 13, 2026
Team USA Reaches Women’s Basketball World…

BERLIN — Team USA advanced to the FIBA Women’s Basketball…

By – Jackie Allen
America September 13, 2026
In-House Attorneys’ Group Takes Rival to…

Key Takeaways The Association of Corporate Counsel has filed suit…

By – Samuel Lopez
America September 12, 2026
Duke University Ends Reginaldo Howard Scholarship…

DURHAM, N.C. — Duke University has discontinued a decades-old merit…

By – Jackie Allen
America September 12, 2026
Bali Tourist Deported and Banned for…

A Bali vacation ended with an Australian tourist being deported…

By – Jackie Allen
America September 11, 2026
$LAPTOP Meme Coin Crashes After Hunter…

Hunter Biden’s $LAPTOP cryptocurrency suffered a dramatic collapse shortly after…

By – Jackie Allen
America September 11, 2026
Open Secure AI Alliance Forms as…

The Open Secure AI Alliance has brought together a broad…

By – Jackie Allen
America September 11, 2026
Open Secure AI Alliance Forms as…

The Open Secure AI Alliance has brought together a broad…

By – Jackie Allen
America September 11, 2026
Skywatcher: ExoMoon Discovery May Reveal First…

An ExoMoon discovery may have given astronomers their first confirmed…

By – Jackie Allen
America September 11, 2026
Skywatchers: Moonshadow Creates Dramatic Blood Moon…

A Moonshadow transformed the night sky Aug. 27 as the…

By – Jackie Allen
America September 11, 2026
Congress Has Seen the Evidence on…

Key Takeaways Lawmakers with security clearances, including Rep. Nancy Mace,…

By – Samuel Lopez
America September 11, 2026
Mexican Food Company Announces California Layoffs…

Key Takeaways Ruiz Foods is cutting 176 jobs at its…

By – Samuel Lopez
America September 11, 2026
Sam Bankman-Fried Seeks Supreme Court Review…

By Samuel López | USA Herald Sam Bankman-Fried is taking…

By – Samuel Lopez
America September 10, 2026
41% of Lawyers Say Legal Careers…

Key Takeaways More than 41% of surveyed lawyers say the…

By – Samuel Lopez
America September 10, 2026
Anthropic Says It Caught Scientists Trying…

Key Takeaways Anthropic’s newest threat intelligence report details five case…

By – Samuel Lopez
America September 10, 2026
Wrongful Death Lawsuit Against Energy Drink…

Key takeaways The latest reported order paused the family’s lawsuit…

By – Samuel Lopez
America September 9, 2026
Ambient AI Could Be the Next…

Key Takeaways Ambient AI can turn conversations into draft records,…

By – Samuel Lopez
America September 5, 2026
Georgian National Indicted in Money Laundering…

By Samuel López | USA Herald A federal grand jury…

By – Samuel Lopez
America September 1, 2026
DOJ Drops Hammer On Kansas School…

By Samuel López | USA Herald The U.S. Department of…

By – Samuel Lopez
America September 11, 2026
Bears and RB Swift $33.75M Extension…

Sometimes the best deals get done before the clock even…

By – Tyler Brooks
America September 6, 2026
Travis Kelce-Backed Club Car Wash Faces…

By Samuel López | USA Herald A fast-growing car wash…

By – Samuel Lopez
America September 6, 2026
‘DWTS’ Gleb Savchenko Lists $1.4 Million…

By Samuel López | USA Herald Factual Background Gleb Savchenko…

By – Samuel Lopez
America September 4, 2026
Trump Calls Tiger Woods DUI Plea…

In This Report Tiger Woods accepted reduced charges and surrendered…

By – Samuel Lopez
America September 2, 2026
Clippers Fined $30M as NBA Drops…

A year-long investigation just landed on the Los Angeles Clippers…

By – Rihem Akkouche
America August 26, 2026
Tupac Shakur Murder Trial Moves to…

The Tupac Shakur murder trial will resume Thursday in Las…

By – Jackie Allen

No posts found.

No posts found.

Signup for the USA Herald
exclusive Newsletter