Stocks making the biggest moves midday: Ulta, Alibaba, Netflix & more | FI SENSE

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As per the report by CNBC, below is a list of stocks, making headlines in midday trading:

  1. 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%.

  1. 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.

  1. 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.

  1. Netflix

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.

  1. Alibaba

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.

  1. Docusign

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.

  1.  Novavax

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.

  1. Poshmark

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.

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