Finance

Stocks making the biggest moves midday: Coinbase, Boeing, Carnival and more

Products You May Like

In this article

Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021.
Robert Nickelsberg | Getty Images

Check out the companies making headlines in midday trading. 

Coinbase — Shares of the crypto exchange fell 6.9% on Tuesday as digital currencies came under pressure. The price of bitcoin and ethereum were each down by about 5% in midday trading.

Boeing — Shares of Boeing rose 1.5% to lead the Dow Jones Industrial Average. Indonesia on Tuesday lifted a ban on Boeing’s 737 Max, two years after the aircraft’s deadly crash in the country. Ethiopian Airlines also plans to resume flying the 737 Max in February.

Carnival, United Airlines — Shares of travel related stocks rebounded Tuesday after struggling Monday amid Covid-related disruptions to the industries. Cruise line Carnival rallied 1.2%. United Airlines added 1.9%, American Airlines gained 1.6% and Delta Air Lines rose 1.5%.

Vipshop Holdings — The China-based e-commerce company’s stock fell 5% after it cut its current quarter revenue guidance. Meanwhile, Jefferies said warmer weather and an increase in Covid-19 cases likely dented consumer demand for Vipshop.

Vista Outdoor — Shares of the shooting sports company jumped 3.7% after it announced the acquisition of hunting-gear manufacturer Stone Glacier.

Digital Turbine — The software stock rose less than 1% after the company announced a multiyear strategic partnership with Google. The company said the deal will accelerate its product and growth strategy to support the Android ecosystem.

— CNBC’s Hannah Miao and Jesse Pound contributed reporting.

Products You May Like

Articles You May Like

Activist ValueAct is poised to trim fat and help boost profits at Meta Platforms. Here’s how
The 2025-26 FAFSA is open ahead of schedule — here’s why it’s important to file for college aid early
Here’s why Trump’s tax plans could be ‘complicated’ in 2025, policy experts say
Even U.S. presidents make mistakes with their money, author says. Here’s how some struggled
Nvidia’s earnings cleared our lofty bar. Here’s our new price target on the AI chip king

Leave a Reply

Your email address will not be published. Required fields are marked *