As per the report by CNBC, below is a list of stocks, making headlines in midday trading:
- Ulta beauty
After reporting full-year same-store sales and revenue guidance below Wall Street estimates, shares of cosmetic company Ulta Beauty fell more than 6%. As said by the company it sees same-store sales between 15% and 17% for the, while analysis expected 20.3%.
- Vail Resorts
After Vail’s earnings for its fiscal second quarter beat expectations, the ski resort rose almost 3.8%. As in February, the company also said that it saw results continue to improve, which will be included in the next quarterly report.
- Aegion Corp.
Oil and gas pipeline company Aegion saw its shares rise more than 12%. It is the subject of a bidding contest between New Mountain Capital and Apollo Global, two private equity companies. Apollo has made a bid for Aegion between $26 and $30 per share, besting the deal Aegion struck with New Mountain last month at $26 per share, according to a Bloomberg report.
After Netflix announced it would be testing crackdown on password sharing, shares of the streaming service slipped 1.8%. It also announced by the competitor streaming services, subscriber guidance for the years ahead, putting pressure on Netflix to fend off competition. About one-third of Netflix users share their passwords projected by Research firm Magid.
After the Wall Street Journal reported that Alibaba could be facing a record fine from China’s antitrust regulators, shares of the e-commerce giant slid 3.8%. The fine could exceed the $975 million fine that Qualcomm paid in 2015, according to the people of the matter.
Despite a fourth-quarter earnings report that beat expectations on the top and bottom lines, shares of the software company dropped about 6%. 37 cents in adjusted earnings per share on $430.9 million in revenue Docusign reported. Analysts surveyed by Refinitiv had marked in 22 cents per share and $407.6 million in revenue. JMP Securities praised the quarter in a note to clients but did point out that billings growth decelerated quarter over quarter.
After the company said its Covid-19 Vaccine was 96% effective in preventing cases Novavax stock popped nearly 6% in midday trading, caused by the original version of the coronavirus, moving the drugmaker closer to regulatory approval. The vaccine was also about 86% effective in protecting against the more-contagious virus variant first discovered and now prevalent in the UK.
After issuing a current-quarter forecast that fell short of analyst estimates, shares of the online retailer of secondhand goods dropped about 20%. The company however, reported revenue that surpassed analyst estimates.