Midday Stock Movers: Robinhood, Meta Platforms, Beyond Meat
By Sam Boughedda
Investing.com -- U.S. stocks are gaining Tuesday, with the Nasdaq the biggest mover at +1.26% around lunchtime. Here are the midday movers on Tuesday, April 12th.
CarMax Inc (NYSE:KMX) is trading 5% lower midday Tuesday after it reported on its latest quarter before the bell. The company missed earnings expectations but beat revenue estimates.
Beyond Meat Inc (NASDAQ:BYND) has risen 1.73% on news it is expanding its meatless chicken tenders product to over 8,000 grocery, pharmacy and big-box retail outlets across the US.
Crowdstrike Holdings Inc (NASDAQ:CRWD) has climbed 5% on an upgrade from Goldman Sachs from Neutral to Buy, stating the company is “well positioned in the sweet spot of demand.”
Meta Platforms Inc (NASDAQ:FB) CEO Mark Zuckerberg said the company will test selling goods in Horizon Worlds, its virtual reality platform, sending its stock 1% higher.
Robinhood Markets Inc (NASDAQ:HOOD) revealed it has added four popular cryptocurrencies to its platform. The cryptos are Shiba Inu, Solana, Polygon and Compound. The news has resulted in a 3.88% increase in Robinhood's stock price.
Hewlett Packard Enterprise Co (NYSE:HPE) is now down just under 1%, despite a 3.5% decline premarket after it was downgraded by Morgan Stanley to “Underweight” from “Equal Weight.” The move was part of an overall downgrade on telecom and networking equipment stocks.
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