Stock Groups

General Electric, PayPal, Roblox and more

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Traders are working beneath the monitor that displays General Electric Co. signage at the New York Stock Exchange.

Michael Nagle | Bloomberg | Getty Images

Take a look at the top midday traders.

General Electric — Shares of General Electric popped more than 3% after announcing Tuesday that it will divide into three separate publicly traded units focused on aviation, health care and energy. The action followed consistent underperformance of its share price over the last two decadesThe following:

Roblox — Shares of video-game company Roblox soared 32% in midday trading after the company reported third-quarter results that impressed analysts. In the third quarter, bookings increased 28% year-over-year. According to A, revenue, minus deferred revenue, was $509.3 Million, an increase 102% from the prior year. statement 

PayPal — PayPal shares tumbled more than 11% after the payments company reported quarterly revenue of $6.18 billion, compared to the consensus estimate of $6.23 billion, per Refinitiv. PayPal issued disappointing guidance for 2022 in its fourth quarter forecast. It also fell below analyst expectations.

TripAdvisor — TripAdvisor shares fell more than 6% after the travel-booking company’s third-quarter earnings missed analyst estimates. On $303 million of revenue, the company earned 16 cents per share. Refinitiv analysts polled expected that the company would earn 24c per share for $304 million of revenue.

SmileDirectClub — The online dentistry company’s stock fell more than 22% following SmileDirect’s disappointing quarterly results. StreetAccount estimates that the company’s revenue was $138 million less than what it expected to make at $182.5 millions.

AMC Entertainment — Shares of the movie theater chain fell more than 10% even after the company posted a third-quarter loss that was narrower than expected Adam Aron CEO stated that the company faces many pandemic problems. AMC shares are at the heart of this year’s meme-stock craze. They have risen more than 1,800% by 2021.

Robinhood — Shares of the stock trading app ticked 2.9% lower after the company announced a data security incident that affected 7 million customers. Robinhood stated that Robinhood’s breach took place late on November 3rd and that the third person “had access to limited personal information.” [Robinhood’s]Customers

The RealReal — The luxury consignment platform saw its shares jump 16% following a better-than-expected quarterly report. According to FactSet, the quarterly loss at RealReal was 47 cents per share. This is less than the 53 cents loss per share that FactSet had estimated. BTIG upgradedStocks were placed on hold Tuesday due to improving fundamentals

Palantir — Shares of the software and data analytics company fell more than 8% despite reporting third-quarter revenue that beat Wall Street estimates. According to Refinitiv. The company generated $392 million more than the expected $385 millions. They were consistent with their estimates.

ThredUp — Shares of the personal shopping e-commerce company slipped 0.1% after reporting better-than-expected earnings results. ThredUp’s loss was 15 cents per Share, as opposed to its expected loss of 16 Cents per Share, Refinitiv reports. The revenue came to $63.3million, exceeding estimates of $61.8million.

— with reporting from CNBC’s Yun Li, Hannah Miao and Tanaya Macheel.

Disclosure: NBC Nightly News conducted an investigation into SmileDirectClub customer complaints from 2020. The company had accused NBCUniversal, publishing inaccurate information about it and sought $2.85 million for defamation.

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