Sam Boughedda

Investing.com — U.S. stocks are rising Tuesday. The mOn May 3, idday Movers will be available.

• Expedia (NASDAQ: ) dropped over 15% by midday Tuesday, even though company reports Monday night that it beat expectations. As travel demand was strong, revenue was consistent with expectations, despite Covid and Ukraine/Russia headwinds.
• Western Digital CorporationAfter Elliott Investment Management revealed a 6% interest in the company, (NASDAQ:), shares have risen 13.65%. The firm urged them to split their flash-memory and hard drive businesses.
• CheggThe online education firm (NYSE:) has seen its revenues plummet 30%. It said that the company’s revenue outlook was lowered due to concerns about enrollment and inflation. According to them, people now prioritize earning over learning due to rising living expenses and higher wages.
• Pfizer The stock traded at 2.85% over Monday’s close, after the company reported revenue that exceeded estimates. The company did however reduce its full-year EPS guidance due to an accounting error.
• Airbnb(NASDAQ: ) was down more than 5% prior to its earnings release. KeyBank cut the vacation rental company’s price target to $195 from $210, and it was now priced at $195.
• Devon Energy The stock gained 8.5% following Monday’s closing. Although earnings per share were higher than analysts expected, revenue was below the forecasts made by Investing.com.