Midday Stock Movers: Twitter, Robinhood, Duolingo -Breaking
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© Reuters Sam Boughedda
Investing.com – US equity prices are higher on Friday. They were up 3.7% during lunchtime. These are the midday moves for May 13th.
- TwitterThe stock traded 7.5% higher after regaining some of its losses. After Elon Musk’s tweet that his deal with the social media giant was being temporarily halted, the stock plummeted today.
- Robinhood Markets After it was disclosed that FTX CEO Sam Bankman Fried had acquired a 7.6% interest in the brokerage, (NASDAQ:), is up 25%.
- Duolingo Record quarterly bookings have pushed (NASDAQ) up 38% With total bookings increasing 55% over the previous year, language learning company Beat and Revenue Estimates.
- Figs IncMidday: (NYSE:) fell 26% after missing top and bottom-line forecasts and issuing guidance lower than Wall Street expectations.
- Poshmark The company beat analyst expectations Thursday when it released aftermarket results. Company posted $0.18 loss per share on $90.9 million. Active Buyers reached a new record of 7.8 million. This pushed the stock 23 percent higher Friday.
- Xponential Fitness After posting an unexpected loss, (NYSE:) has seen a 8.6% drop. This is a recovery of some losses. Forecasts were beaten by revenue growth of 73%.
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