Travis Boersma, Dutch Bros Coffee astatine the NYSE, September 15, 2021.
Source: NYSE
Check retired the companies making headlines successful midday trading Thursday.
Coinbase – The cryptocurrency speech was up 9.6% aft Oppenheimer said Coinbase was well-positioned portion the larger sector was having its "Lehman Brothers moment." The failed woody betwixt Binance and FTX caused a "calamitous hurricane," the steadfast said.
Rivian – The electrical conveyance shaper jumped 18% aft the institution reported a smaller-than-expected quarterly nonaccomplishment and said its accumulation would stay connected way contempt proviso concatenation snafus.
Six Flags – Shares of the taxable parkland relation surged 13%. It missed apical and bottommost enactment expectations erstwhile reporting quarterly results, but announced an statement with the concern steadfast H Partners that raised the headdress connected the firm's involvement to 19.9% from 14.9%.
Bumble – Shares of the institution known for its dating platforms added 6.4% adjacent aft Bumble issued a anemic existent 4th gross forecast and missed expectations.
Fair Isaac – The analytics institution soared 27% aft it posted better-than-expected net for its fiscal 4th quarter. Fair Isaac besides issued guidance that bushed a StreetAccount forecast.
Vacasa – Shares of the abrogation booking level plummeted 40% connected the backmost of disappointing third-quarter earnings. The company's fourth-quarter gross guidance besides came successful beneath expectations.
ZipRecruiter – The hiring level jumped 16.5% aft it bushed expectations for the 4th and raised its full-year forecast. ZipRecruiter besides announced a $200 cardinal summation successful its stock repurchasing program.
Apple – Shares of the exertion elephantine gained 6.3% arsenic rates dropped, lifting the broader tech sector. Additionally, Morgan Stanley reiterated it arsenic overweight, noting hardware subscriptions arsenic a cardinal catalyst for moving the marketplace toward a loan-to-value valuation.
Tapestry – The retailer down Coach and Kate Spade added 1.4% aft it bushed apical and bottommost enactment estimates. Still, Tapestry chopped the full-year outlook owed to the surging dollar and restrictions successful China.
Nio — Shares of Nio jumped much than 9% aft the Chinese electrical conveyance shaper reported a surge successful gross successful its 3rd quarter and projected beardown accumulation heading into the year-end.
Target — The retail elephantine saw its banal ascent much than 6.2% aft Jefferies reiterated its bargain standing connected the company. The Wall Street steadfast said its survey checks indicated income maturation has accelerated up of Target's net adjacent week.
Dutch Bros – Shares of java concatenation Dutch Bros surged 18.2% aft the institution reported coagulated quarterly net that bushed Wall Street expectations. In addition, Bank of America said the concatenation is poised for occurrence successful the abbreviated and long-term.
AstraZeneca – The pharmaceutical institution added 6% aft it raised full-year profits, pointing to beardown income among its crab drugs.
— CNBC's Carmen Reinicke, Sarah Min and Yun Li contributed reporting