Stock Groups

Rivian, Allbirds, Humana and more


Rivian electric trucks can be seen at Times Square near the Nasdaq marketSite building on November 10, 2021.

Michael M. Santiago | Getty Images

Below are some stocks that have been making news on Wall Street during midday trading.

Humana — Shares of the insurance stock slid more than 10% after Humana released updated guidance. It reiterated its full-year earnings guidance in 2021, and it decreased its Medicare Advantage membership growth forecast for 2022.

CrowdStrike — The cybersecurity stock rose 6.3% on Thursday after Wells Fargo initiated coverage of the company and rated it overweight. CrowdStrike’s growth prospects are still strong, despite recent troubles for its shares.

Allbirds — Shares of the shoe company rose 10% after Morgan Stanley upgraded the stock to overweight from equal weight. After a sharp fall, Allbirds’ shares now look cheap. Shares fell below the IPO price in November.

Dick’s Sporting Goods — Shares of the retailer gained 3.5% after Dick’s released updated guidance for its fourth quarter. It now anticipates adjusted earnings in the range of $3.45 to $3.55 per share. StreetAccount from FactSet shows that analysts were anticipating $2.88 per share.

Rivian — Shares of EV start-up Rivian sank 6% as the market rotated out of high-growth stocks, despite a bullish call from Bank of America. Bank of America named Rivian one of its top picks for 2022. Amazon, a key backer of the EV company, announced a deal with Stellantis on WednesdayRivian may feel more pressure to sell,

Goldman Sachs — Shares of the bank slid about 1% in midday trading after Bank of America downgraded the stockTo neutral from buy. Wall Street firms also decreased their 12-month target price to $475 per shares from $490 per. Bank of America is cautious on Goldman as it expects a tougher revenue growth backdrop for its capital markets business due to a moderation in trading activity and M&A.

Conagra Brands — The food stock fell 1.6% after Conagra missed earnings estimates for its fiscal second quarter. Refinitiv surveyed analysts and expected that the adjusted earnings for Conagra would be 64 cents. Conagra claimed that inflation had reduced its profit margins.

MGM Resorts — The hotel and casino stock gained 3.2% after Credit Suisse named MGM a top pick for 2022. MGM has reason to be positive because of the positive trends seen in Las Vegas.

Lamb Weston — Shares of the food company jumped 10% after Lamb Weston beat estimates on the top and bottom lines for its fiscal second quarter. StreetAccount’s FactSet shows that the adjusted earnings per share for this company was 50 cents, rather than 33 cents as expected by analysts. Lamb Weston stated that it expects its full-year net growth to exceed its long-term targets.

Bed Bath & Beyond — Shares of the home goods retailer jumped more than 6% even after the company reported disappointing fiscal third-quarter resultsWith earnings and sales falling short of analysts’ expectations. Chief Executive Mark Tritton said a lack of inventory due to supply chain bottlenecks cost Bed Bath & Beyond about $100 million. It also reduced its financial outlook for this year.

Walgreens — Shares of the drugstore chain fell more than 1% after the company spoke of rising labor costs as its pharmacists are stretched thin by administering vaccines and filling prescriptions. Analysts expected Walgreens to beat them in fiscal. first-quarter earningsAs customers came into stores to purchase Covid vaccines or tests, this resulted in an increase in sales. It raised its year-end forecast.