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

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A traveller waits for an Uber rider astatine Midway International Airport connected May 09, 2022 successful Chicago, Illinois. Uber plans to chopped spending and hiring successful an effort dilatory the company's plummeting banal price, which is down astir 50 percent for the year. 

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Check retired the companies making headlines successful midday trading Tuesday.

Uber – Shares of Uber jumped 12% aft the institution reported gross that exceeded Wall Street's expectations. The institution besides gave better-than-anticipated guidance for its 4th quarter, projecting beardown bookings maturation and adjusted EBITDA of $600 cardinal to $630 million. Analysts surveyed by Refinitiv expected $568 cardinal successful adjusted EBITDA.

Abiomed – Shares of the bosom pump shaper surged 50% aft the institution announced it has agreed to beryllium acquired by Johnson & Johnson for $16.6 cardinal successful cash. Johnson & Johnson is looking to boost maturation astatine its aesculapian devices portion aft it completes plans for a spinoff of its user wellness concern adjacent year. J&J shares fell 1%.

Pfizer – Shares of the pharmaceutical elephantine jumped astir 3% aft the institution reported stronger-than-expected net and issued an improved fiscal outlook. Pfizer said beardown request for its older drugs helped offset a driblet successful income of its Covid-related products. The banal is inactive down astir 19% this year.

Peloton – Shares of the struggling location fittingness institution were up 5.8% arsenic its products went live connected the Dick's website Tuesday. Dick's shares added 2.4%.

Fox – Shares jumped 6% pursuing the company's earnings showing its free, ad-supported streaming work helped boost advertizing revenue.

Molson Coors Beverage – Shares of Molson Coors fell 3.8% aft the brew elephantine reported net that fell abbreviated of expectations. The brewer of Coors Light, Miller Light and Blue Moon had third-quarter net per stock of $1.32, versus a StreetAccount estimation of $1.35.

Goodyear Tire – Shares fell 13% aft the tyre company's net fell abbreviated of expectations owed successful portion to higher costs and a surging dollar.

Amazon – Shares of the e-commerce elephantine mislaid 5.2%. Deutsche Bank reiterated the banal arsenic a bargain and said it was good positioned, but did concede that macro challenges were challenging advertizing budgets.

Carvana — Shares precocious 11.9% aft JPMorgan upgraded Carvana to neutral from underweight, saying the institution and investors person a amended grip connected the risks successful the utilized car seller aft its diminution this year.

SoFi – The fintech institution jumped 10% connected the backmost of a smaller-than-expected quarterly nonaccomplishment and gross that exceeded analysts' forecasts. SoFi besides issued upbeat guidance and said added astir 424,000 members during the quarter.

Stryker – The aesculapian exertion institution dropped 4% aft cutting its outlook owed to ostentation and overseas speech pressures.

Eli Lilly – The cause shaper dropped 4.8% aft it chopped its full-year forecast, citing the stronger dollar and accrued competition.

Hologic – The aesculapian instrumentality shaper popped 8.6% pursuing its study of quarterly nett that was supra expectations. Hologic besides issued a beardown outlook.

Avis Budget – Shares of the rental car institution slid 8% contempt Avis beating expectations connected quarterly net amid a resurgence of travel.

Gartner – The probe steadfast was up 7.5% aft it bushed per-share net expectations, according to StreetAccount, and issued affirmative full-year guidance.

Trex – The decking and railing shaper mislaid 6.8% aft posting weaker-than-expected net and revenue. Trex besides said it reduced accumulation levels and laid disconnected unit arsenic income declined.

Sealed Air – The packaging institution slid 7.2% aft posting disappointing quarterly figures. Sealed Air besides brought down its gross guidance for the afloat year.

Ecolab – Shares of the subject institution mislaid 8.5%. Revenue came successful somewhat supra expectations erstwhile reporting earnings, but the institution said it is expecting antagonistic headwinds from overseas conversion rates that volition measurement connected full-year guidance.

Deckers Outdoor — Shares jumped 4.3% aft Bank of America reinstated coverage of Deckers Outdoor with a bargain rating, saying the footwear institution has a beardown portfolio of brands led by Hoka and Ugg that volition assistance the banal outperform.

IDEXX Laboratories – Shares added 7.8% aft the institution gave full-year guidance showing net per stock betwixt $7.74 and $7.98 compared to a FactSet estimation of $7.89. Expected gross was acceptable astatine $3.325 cardinal to 3.365 cardinal against FactSet's $3.35 cardinal forecast.

— CNBC's Sarah Min, Carmen Reinicke, Tanaya Macheel, Yun LI, Michelle Fox and Jack Stebbins contributed reporting.

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