Midday movers: EVgo, Bed Bath & Beyond, Roku and more
By Liz Moyer
Investing.com -- Stocks were rising as tech tries to lift the blue chips as bank fears fade. Here are the midday movers for March 30.
EVgo Inc (NASDAQ:EVGO) shares rose 24% after the operator of fast-charging stations for electric vehicles reported better-than-expected revenue for the fourth quarter. Bed Bath&Beyond Inc (NASDAQ:BBBY) shares fell 24% after the struggling home goods retailer provided disappointing preliminary numbers and announced plans to sell $300 million of common shares as it tries to avoid bankruptcy.
Roku Inc (NASDAQ:ROKU) shares fell 4.4% after the streaming platform said it would cut 200 jobs or about 6% of its workforce and exit some of its office space.
Starbucks Corporation (NASDAQ:SBUX) shares rose 0.2% after shareholders of the coffee retailer voted to approve a proxy measure that calls on it to get an independent report on its commitment to worker rights.
Charles Schwab Corp (NYSE:SCHW) shares fell 5% after Morgan Stanley downgraded the brokerage firm to Equal-weight from Overweight citing uncertainty. Customers are moving money from its sweep accounts into money market funds.
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