Stock Groups

Twitter, Affirm, Robinhood and more

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Traders trade on the New York Stock Exchange’s floor. 

NYSE

These are the headline-grabbing companies in midday trading.

Twitter — Shares of the social media platform slid 8% after Elon Musk said his take-private deal is on hold until he receives more informationAbout how many Twitter fake accounts exist. Musk stated that he is “still committed” to the acquisition.

Affirm — Shares of the buy-now, pay-later lender surged 31.5% after Affirm beat expectations for its fiscal third quarter. A loss of 19c per share was reported by the company on revenue of $355 millions. Refinitiv surveyed analysts and estimated a loss in the range of 51 cents per shared on revenues of $344 millions. Affirm announced that it would extend its multiyear partnership with Shopify.

Robinhood — Shares of the investing app jumped 24.5% on Friday after the CEO of crypto exchange FTX, Sam Bankman-Fried, picked up a 7.6% stake in RobinhoodAfter the stock reached an all-time low of $648 million this week, he was able to sell it for $648m. He is now the company’s third largest shareholder.

Duolingo — Shares surged 39% after the language software company posted better-than-expected quarterly earnings and revenue. Duolingo provided positive guidance for its quarterly revenue and revealed record-breaking active user numbers.

Figs — Figs shares fell 26% on the back of disappointing quarterly results. Health-care apparel company Figs posted profits of $5 per share for revenue of $110.1 millions. StreetAccount reported that analysts had expected earnings of 6c per share for sales of $117.3 millions. StreetAccount also reported that revenue guidance was less than expected for this year.

Krispy Kreme — Shares of the doughnut chain popped 10.5% after an upgrade from HSBC. We expect higher pricing and greater scale as a result of aggressive expansion at the point-of-access. This will help to keep earnings expectations in line. HSBC said

Toast — Shares of Toast jumped 12% after the tech and payments platform for restaurants reported a loss for its most recent quarter that was narrower than expected by Wall Street analysts. Also, the company issued positive revenue guidance for this year.

Poshmark — Poshmark rose 24.3% after the company reported a quarterly loss of 18 cents per share. Refinitiv reports that Wall Street analysts were expecting a loss at 22 cents per share. The quarter’s revenue of $90.9million beat expectations of $87.5 million.

The Honest Company — Shares of The Honest Company were up 13.7% after the maker of personal care and household products reported a quarterly loss and revenue that were in line with analyst expectations. Company also reiterated full-year revenue guidance.

Ford Motor — Shares of the carmaker added 9% after Morgan Stanley upgraded the stockTo be equal in weight and underweight. This is because the market undervalues some parts of the company’s business.

— CNBC’s Jesse Pound, Sarah Min, Yun Li and Hannah Miao contributed reporting

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