Travis Boersma, Dutch Bros Espresso on the NYSE, September 15, 2021.
Supply: NYSE
Try the businesses making headlines in noon buying and selling Thursday.
Coinbase – The cryptocurrency change was up 10.7% after Oppenheimer mentioned Coinbase was well-positioned whereas the bigger sector was having its “Lehman Brothers second.” The failed deal between Binance and FTX induced a “calamitous hurricane,” the agency mentioned.
Rivian – The electrical car maker jumped 17.4% after the corporate reported a smaller-than-expected quarterly loss and mentioned its manufacturing would stay on monitor regardless of provide chain snafus.
Six Flags – Shares of the theme park operator surged 13.5%. It missed high and backside line expectations when reporting quarterly outcomes, however introduced an settlement with the funding agency H Companions that raised the cap on the agency’s stake to 19.9% from 14.9%.
Bumble – Shares of the corporate identified for its courting platforms added 10% even after Bumble issued a weak present quarter income forecast and missed expectations.
Truthful Isaac – The analytics firm soared 30.7% after it posted better-than-expected earnings for its fiscal fourth quarter. Truthful Isaac additionally issued steerage that beat a StreetAccount forecast.
Vacasa – Shares of the holiday reserving platform plummeted 48% on the again of disappointing third-quarter earnings. The corporate’s fourth-quarter income steerage additionally got here in beneath expectations.
ZipRecruiter – The hiring platform jumped 16.4% after it beat expectations for the quarter and raised its full-year forecast. ZipRecruiter additionally introduced a $200 million improve in its share repurchasing program.
Apple – Shares of the know-how big gained 8.9% as charges dropped, lifting the broader tech sector. Moreover, Morgan Stanley reiterated it as obese, noting {hardware} subscriptions as a key catalyst for shifting the market towards a loan-to-value valuation.
Tapestry – The retailer behind Coach and Kate Spade added 4.2% after it beat high and backside line estimates. Nonetheless, Tapestry reduce the full-year outlook because of the surging greenback and restrictions in China.
Nio — Shares of Nio jumped greater than 11.8% after the Chinese language electrical car maker reported a surge in income in its third quarter and projected robust manufacturing heading into the year-end.
Goal — The retail big noticed its inventory climb greater than 7.4% after Jefferies reiterated its purchase score on the corporate. The Wall Avenue agency mentioned its survey checks indicated gross sales development has accelerated forward of Goal’s earnings subsequent week.
Dutch Bros – Shares of espresso chain Dutch Bros surged 23.4% after the corporate reported strong quarterly earnings that beat Wall Avenue expectations. As well as, Financial institution of America mentioned the chain is poised for fulfillment within the quick and long-term.
AstraZeneca – The pharmaceutical firm added 6.6% after it raised full-year income, pointing to robust gross sales amongst its most cancers medicine.
— CNBC’s Carmen Reinicke, Sarah Min and Yun Li contributed reporting
