Stock Groups

Mastercard, Unity Software, Wendy’s and more


One woman passes a Westpac Bank advertisement, in central Sydney.

Daniel Munoz | Reuters

Take a look at the top midday traders.

Poshmark — The online marketplace’s shares tumbled nearly 30% Wednesday after reporting quarterly results late Tuesday. Poshmark lost 9 cents per shared, which was lower than analyst estimates of 7cents. The revenue came in at $79.7million, which was lower than the $82.7 million Wall Street expected.

DoorDash — The food delivery company’s shares soared more than 14% on Wednesday after the company announced it would acquire Wolt for $8.1 billionThe following is the. The company reported a larger than anticipated third quarter loss per stock, however it exceeded revenue estimates.

FuboTV — Shares of the streaming platform sank 19% after the company reported a loss late Tuesday of 59 cents per share and revenue of $156.7 million for the third quarter. It raised its guidance levels for the fourth quarter.

Unity Software — The video game software development company saw shares jump 6% after beating third-quarter earnings and revenue expectations and raising its full-year guidance. Unity has also revealed that It will purchase Weta Digital visual effects manufacturer Lord of the Rings for $1.6 billion.

Wendy’s — Shares of Wendy’s dropped 8% after the fast-food chain posted quarterly financial results. According to Refinitiv, it posted a 19c per share earnings beat on $470.3million in revenue, which was expected at 18 cents. This compares with the expected 18c per share of revenue of $470.2million. The company reported a global increase of 3.3% for same-restaurant sales in the third quarter, against consensus expectations of 4.9%.

Palantir — Palantir shares dropped more than 5% 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 is cited as the source in RBC’s call Palantir’s slowing revenue growth

Coinbase — Shares of Coinbase fell 4This is a.8% after the company reported quarterly revenue Tuesday of $1.31 billion, which missed analysts’ expectations. At 7.4million, the monthly active transaction user was lower than in the last quarter but higher than that of the preceding year. The quarter ended with lower transaction-based revenue than the prior quarter.

Tesla — Shares of Tesla rebounded more than 3%, snapping a down spell. After Elon Musk, CEO of Tesla suggested that he sell 10% of his shares through a Twitter poll this weekend, the stock has fallen about 13%.

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. The company also revealed 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 barrelsReuters reports that the last week was April 12. Coterra Energy fell 4.7%. Occidental Petroleum Hess Diamondback Energy HalliburtonEach dropped more than 3%.

 — CNBC’s Hannah Miao and Maggie Fitzgerald contributed reporting