Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Midday movers: Roblox, Airbnb fall; Trade Desk, AppLovin and Bumble rise

Published 09/05/2024, 12:58
Updated 09/05/2024, 16:38
© Reuters
WBD
-
PZZA
-
PLNT
-
TTD
-
YETI
-
ABNB
-
RBLX
-
BMBL
-
HOOD
-
WRBY
-

Investing.com -- Main U.S. indexes rose Thursday amid signs of cooling in the labor market following a rise in weekly jobless claims, boosting hopes the Federal Reserve will lower interest rates.

Here are some of the biggest U.S. stock movers today:

  • Arm Holdings (ARM) ADRs slumped 2% after the chip designer delivered annual revenue guidance that fell short of estimates despite a wave of enterprise spending on artificial intelligence.

  • Robinhood (NASDAQ:HOOD) stock rose 0.2% after the trading platform posted first-quarter earnings and revenue above expectations, boosted by strong crypto trading volumes and an elevated borrowing cost environment that lifted net interest revenue.

  • Airbnb (ABNB) stock fell 6% after the vacation rental company forecast second-quarter revenue below expectations, despite strong demand in regions outside of North America.

  • Warner Brothers Discovery (NASDAQ:WBD) stock fell 0.1% after the entertainment giant missed estimates for first-quarter revenue, weighed down by a weak advertising market and strike-related delays at its studio segment.

  • Bumble (BMBL) stock soared 6% after the online dating app beat estimates for first-quarter revenue, helped by growth in its paying users.

  • Planet Fitness (NYSE:PLNT) stock rose 6% despite the operator of fitness centers lowering its full-year guidance to reflect a more cautious consumer.

  • Yeti Holdings (NYSE:YETI) stock rose 12% after the manufacturing of outdoor products beat first-quarter earnings expectations and raised its guidance amid strength in coolers and international sales.

  • Papa John's (NASDAQ:PZZA) stock fell 4.4% after the pizza chain logged lower earnings in the first quarter as sales fell without the boost it received a year ago from the high-volume final week of December.

  • Warby Parker (WRBY) stock rose 15% after the eyewear retailer raised its full-year guidance, offsetting a surprise quarterly loss.

  • Roblox (RBLX) fell 22% after the video game company issued guidance for bookings that trailed estimates and reporting soft engagement figures.

  • AppLovin (NASDAQ: NASDAQ:APP) rose 8% after EPS in the first quarter surprised to the upside and it issued solid guidance for second quarter profitability.

  • The Trade Desk Inc . (NASDAQ:TTD) rose 2.7% after beating estimates on the top and bottom line. Analysts pointed to strength in its connected TV ad business.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Additional reporting by Louis Juricic

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.