Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Midday movers: Beyond Meat, Boeing, Carvana and more

Published 24/02/2023, 18:58
Updated 24/02/2023, 18:58
© Reuters

© Reuters

By Liz Moyer

Investing.com -- Stocks were falling on Friday after hotter-than-expected data on inflation raised new interest rate fears. Here are the midday movers for Feb. 24.

  • Beyond Meat Inc (NASDAQ:BYND) shares rose 11% after the fake meat maker posted a narrower-than-expected loss and gave an outlook that was better than expected, though sales fell in the fourth quarter. 
  • Boeing Co (NYSE:BA) shares fell 4.6% after the plane maker suspended deliveries of its 787 Dreamliner, largely due to a documentation issue. It said it would pause deliveries while it completes the requisite analysis and documentation.
  • Carvana Co (NYSE:CVNA) shares fell 20% after the used car seller reported a wider-than-expected fourth-quarter loss. The company known for its auto vending machines announced a plan to cut $1 billion in expenses over the next six months as demand for used cars slows.

  • Adobe Systems Incorporated (NASDAQ:ADBE) shares were down 7.3% after a report that the Justice Department was preparing to sue to block its $20B acquisition of Figma, a design software maker.
  • Live Nation Entertainment Inc (NYSE:LYV) shares fell 9.1% after the Ticketmaster parent company beat expectations for fourth-quarter revenue, which rose 59% from a year earlier. The company is under scrutiny for a botched sale of Taylor Swift concert tickets.

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.