A woman walks past a Westpac bank advertisement in central Sydney, Australia.
Daniel Munoz | Reuters
Check out the companies making headlines in midday trading.
Poshmark — The online marketplace’s shares tumbled nearly 29% Wednesday after reporting quarterly results late Tuesday. Poshmark reported a loss of 9 cents per share, versus analyst estimates of 7 cents per share. Revenue also came in weaker than expected at $79.7 million, versus $82.7 million expected by Wall Street.
DoorDash — The food delivery company’s shares soared more than 11% on Wednesday after the company announced it would acquire Wolt for $8.1 billion. The company also reported a wider than expected third-quarter loss per share but beat on revenue estimates.
FuboTV — Shares of the streaming platform sank 23% after the company reported a loss late Tuesday of 59 cents per share and revenue of $156.7 million for the third quarter. It also increased its guidance for the fourth quarter.
Unity Software — The video game software development company saw 2.8% after beating third-quarter earnings and revenue expectations and raising its full-year guidance. Unity also announced it plans to buy “Lord of the Rings” visual effects maker Weta Digital for more than $1.6 billion in cash and stock.
Wendy’s — Shares of Wendy’s dropped 7% after the fast-food chain posted quarterly financial results. It recorded a slight earnings beat of 19 cents per share on revenue of $470.3 million, versus the expected 18 cents per share on revenue of $470.2 million, according to Refinitiv. However, it reported global same-restaurant sales growth of 3.3% in the quarter, compared to consensus expectations of 4.9%.
Palantir — Palantir shares dropped more than 7% after RBC downgraded the stock to underperform from sector perform and cut its price target on it to $19 per share from $25 per share. RBC in its call cited Palantir’s slowing revenue growth.
Coinbase — Shares of Coinbase fell 8% after the company reported quarterly revenue Tuesday of $1.31 billion, which missed analysts’ expectations. Monthly active transaction users were lower from the previous quarter, at 7.4 million, but up from the prior year. Transaction-based revenue was also lower from the previous quarter.
Tesla — Shares of Tesla rebounded more than 4%, snapping a down spell. The stock is about 13% lower this week after CEO Elon Musk in a Twitter poll over the weekend proposed selling 10% of his Tesla shares.
Mastercard — Mastercard shares rose 3.8% after the payments technology company disclosed new performance objectives for 2022-2024 at its Investor Day Wednesday showing faster earnings and revenue growth. It also announced the expansion of its buy-now-pay-later program.
Energy stocks — Energy stocks were among the top decliners in the S&P 500 as the American Petroleum Institute reported U.S. crude inventories rose by 1 million barrels in the most recent week, Reuters reported. Coterra Energy, Occidental Petroleum, Hess, Diamondback Energy and Halliburton each fell about 5%.
— CNBC’s Hannah Miao and Maggie Fitzgerald contributed reporting
These are the stocks posting the largest moves in midday trading.
One thing I’d like to say is the fact before obtaining more laptop or computer memory, consider the machine into which it is installed. Should the machine can be running Windows XP, for instance, the actual memory limit is 3.25GB. Installing greater than this would easily constitute some sort of waste. Make sure one’s mother board can handle your upgrade quantity, as well. Thanks for your blog post.