Stocks making the biggest moves midday: Coinbase, Boeing, Carnival and more
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.
Source: Read Full Article