Stock Groups

Roblox, Shopify, Upstart and more


This photo illustrates the logo of Canadian online retailer Shopify Inc. on a smartphone.

Thomas Trutschel | Getty Images

Take a look at the top midday traders.

Roblox — Shares of the metaverse-focused gaming company plunged more than 25% after Roblox’s latest quarterly reportWall Street forecasts were not met. Roblox lost 25 cents per share for revenue of $770million. Refinitiv analysts polled expected a 13-cent loss per share for revenue $772 million.

Shopify — The e-commerce platform tanked more than 18% in midday trading after the company said revenue growth for 2022 would be slower than the 57% it achieved in 2021. Shopify beat its top and bottom line results for the quarter.

Upstart — Shares of the consumer lending platform surged more than 35% after reporting earnings well above Wall Street estimates. According to Refinitiv, Upstart earned 89 cents per Share, surpassing estimates of 51 cents. The revenue also beat expectations. Strong guidance was also provided for the first quarter and full year by the company.

ViacomCBSAfter Paramount Global was renamed, the media stock fell 21% Wednesday. reported weaker than expected earnings for the fourth quarter. Bank of America also downgraded Paramount’s stock to neutral. It stated that Paramount’s streaming focus had diminished the possibility of an offer for a takeover in the immediate term.

Macy’s — Shares of the department store rallied more than 4% after Evercore ISI upgradedMacy’s will outperform in-line. The retailer’s stock does not reflect its upside potential for sales and profits, according to a client note.

Vacasa — The vacation-rental company’s stock rose more than 11% in midday trading after JPMorgan initiated coverageWith an overweight rating. This means that they believe the company is more competitive than other established companies in this space.

Airbnb — Shares of the vacation rental company jumped 5% after Airbnb reported better-than-expected results for earnings and sales in the fourth quarter. Airbnb said that lead times to book in Europe and America have returned to prepandemic levels.

Generac — The stock allied more than 10% after earnings beating top and bottom line estimates for its quarterly results. As both residential and commercial sales increased more than 40%, the maker of generators was able to earn an adjusted share price of $2.51, which is 11 cents higher than its estimates.

Kraft Heinz — Shares of the food company rose 3.5% after reporting better-than-expected earnings and revenue for the fourth quarter. Kraft Heinz reports an adjusted quarterly profit per share of 79c, surpassing estimates by 16cents 

La-Z-Boy — The furniture company’s stock plunged more than 17% following a big earnings miss. According to Refinitiv, La-Z-Boy earned 65 cents per share in the last quarter. This is well below its consensus estimate of 89 cents. Company said that it faced multiple production difficulties due to pandemic.

— with reporting from CNBC’s Yun Li, Jesse Pound and Hannah Miao.