Stocks making the biggest moves midday: Amazon, Marvell, PayPal, Salesforce & more
Here are some of the companies making headlines in midday trading.
TL;DR
- Workday shares jumped 6% after exceeding second-quarter earnings and revenue estimates.
- Salesforce's stock continued its rally, adding 3% after beating top and bottom line estimates.
- Nvidia shares dropped more than 3% following a prior rally.
- Amazon shares popped nearly 4% after its price target was hiked by Evercore ISI.
- Coinbase stocks fell 7% as bitcoin prices pulled back.
- ServiceNow shares popped 3%, with its AI business on track for its full-year target.
- PayPal shares plunged nearly 16% on reports that buyout firms decided not to pursue the company.
- Affirm shares jumped 5% after reporting fiscal fourth-quarter revenue that topped estimates.
- Gap shares popped nearly 13% after announcing a new helm at Old Navy and topping second-quarter adjusted earnings estimates.
- Elastic N.V. shares jumped over 17% after its full-year guidance exceeded analyst expectations.
- Marvell Technology shares dropped 10% after its current quarter earnings per share guidance was below expectations.
- Rubrik shares dropped over 11% despite beating top and bottom line estimates, due to a lower gross margin than anticipated.
- Autodesk shares dropped 4% as its earnings projections failed to beat estimates.