Stock Groups

Meta, Rivian, Oracle, DocuSign and more

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At its Menlo Park headquarters, California, a sign for Meta is visible, which was the former name of Facebook. It can be seen there on October 28th, 2021.

Carlos Barria | Reuters

These are the top companies in Friday’s midday trading.

Meta Platforms — Shares of the Facebook parent fell about 3% after Russia restricted access to InstagramAnd opened a criminal investigationMeta was reopened by the EU and U.K. antitrust regulators after Meta changed its hate speech regulations to permit violent threats against Russia, its military for it invasion of Ukraine. Meta was further investigated by antitrust regulators in both the UK and EU. over its 2018 “Jedi Blue” ad deal.

Rivian Automotive — Rivian’s stock price tumbled 6.3% in midday trading, after the electric vehicle maker reported an earnings missThe company forecast modest 2022 vehicle production and a fourth-quarter profit. Rivian projects only 25,000 vehicle deliveries for fiscal year 2022.

DocuSign — Shares of the electronic signature company plummeted 22% after DocuSign issued disappointing revenue guidance for the full year. DocuSign expected revenue in 2022 to be between $2.47 billion – $2.48 billion — a far cry from the StreetAccount prediction of $2.61 trillion.

Blink Charging — The EV charging company lost 10% after reporting a wider-than-expected loss for the quarter. Blink stated that the momentum is still strong, as government agencies and the business community promote strong EV infrastructure.

Oracle — Shares of Oracle rose 1% midday after the software company released its latest quarterly results. Refinitiv’s consensus estimate of Oracle’s $10.51 Billion revenue was met. However, the adjusted share price of Oracle was $1.13. It was not clear whether this compares to the $1.18 forecast.

Pearson — Shares of the education publisher jumped 16% after the company rejected an $8.5 billion offer from Apollo Global Management. Pearson stated that two unwelcome approaches were made by the private equity firm, offering proposals that significantly undervalued their company.

Deere — Shares of the machinery stock added about 2% after Wells Fargo issued a price target of $455 on the stock, implying about 20% upside. Deere said that it is embracing technology advances to set itself apart from competitors.

DiDi Global — The ride-hailing company saw its shares fall 37.4% following a Bloomberg reportIt has announced that plans to suspend its Hong Kong stock exchange listing are being canceled. According to the report, Didi did not meet Chinese regulators’ demands regarding how it manages sensitive user data.

Zumiez — The apparel maker’s shares dropped about 7% after the company reported quarterly results that fell short of analysts’ expectations. Zumiez issued guidance that was also below estimates for the current quarter.

 — CNBC’s Samantha Subin and Sarah Min contributed reporting

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