Monday, June 23, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Stocks making the biggest moves midday: Nike, Rent-A-Center, Carnival Cruise

by Euro Times
October 1, 2022
in Stock Market
Reading Time: 2 mins read
A A
0
Home Stock Market
Share on FacebookShare on Twitter


People walk near the entrance to Nike store, May 25, 2022 in Moscow, Russia.

Konstantin Zavrazhin | Getty Images News | Getty Images

Check out the companies making headlines in midday trading.

Nike — Nike shares dropped 12.8% after the sneaker giant said Thursday its inventory was overstocked, up 44% in its latest quarter. As a result it will offer more discounts to clear out the excess merchandise. Other retailers were also dragged down, with Lululemon Athletica and Under Armour losing almost 6% and nearly 5% respectively.

related investing news

CNBC Pro
Here are Thursday’s biggest analyst calls: Apple, Exxon, Coinbase, Alphabet, Amazon, Marvell & more

Rent-A-Center — Shares of Rent-A-Center slipped 21.6% after the company slashed its current-quarter earnings guidance, saying that economic conditions have weighed on consumer traffic and payment patterns.

Carnival Cruise — Shares of Carnival Cruise plunged 23.3% after the company forecast a loss for the fourth quarter, saying high fuel prices and inflation will delay its return to profitability. Royal Caribbean and Norwegian Cruise Lines also slipped, falling 13% and 18%, respectively.

Micron — Shares of Micron rose 1.7% after the company reported quarterly earnings that beat Wall Street expectations, even though sales fell. The chipmaker also gave a weaker-than-expected revenue outlook, saying sales are being hit by slowing consumer demand.

Charles River Laboratories — Charles River shares rose 3.6% after Jefferies upgraded the stock to buy from hold, citing the company’s potential in animal studies.

Twitter — Shares of Twitter rose 2.6% after texts between its founder, Jack Dorsey, and Elon Musk were released in court filings. The Tesla CEO is embroiled in a legal battle over his bid to buy the social media company.

Nucor — Shares of steel company Nucor jumped 1.6% after it announced plans to spend $425 million expanding a galvanized steel line at its South Carolina plant.

Amylyx Pharmaceuticals — Shares of the pharmaceutical company dropped 6.8% despite the stock rallying after hours Thursday on news of the Food and Drug Administration approving its controversial Lou Gehrig’s disease drug.

Generac — Shares of Generac gained 2.3% after Cowen initiated coverage of the company with a buy rating. The generator company is a clear industry winner and has value in its solar offering.

— CNBC’s Alex Harring and Michelle Fox contributed reporting.



Source link

Tags: biggestCarnivalCruiseMakingmiddayMovesNikeRentACenterstocks
Previous Post

How Asia’s richest person gave Bezos a run for his money

Next Post

Want to Know the Easiest Way to Buy a Million-Dollar Property? Fractional Investing

Related Posts

Novo Nordisk And Its Real Value (NYSE:NVO)

Novo Nordisk And Its Real Value (NYSE:NVO)

by Grant Gigliotti
June 21, 2025
0

This text was written byObserveGrant Gigliotti is the founding father of Beat The Market Analyzer, a number one worth investing...

20 Things You May Not Know About Markets (or That Might Surprise You). #1 – Normal Stock Market Returns are Extreme – Meb Faber Research

20 Things You May Not Know About Markets (or That Might Surprise You). #1 – Normal Stock Market Returns are Extreme – Meb Faber Research

by Meb Faber
June 21, 2025
0

We’re beginning a brand new sequence right here that can ultimately be a brief paper, however thought we’d drip these...

Intuitive Surgical Stock: Poor Return Prospects Despite Upside Da Vinci 5 (NASDAQ:ISRG)

Intuitive Surgical Stock: Poor Return Prospects Despite Upside Da Vinci 5 (NASDAQ:ISRG)

by Richard Durant
June 20, 2025
0

This text was written byComply withRichard Durant is the chief of Narweena, an asset supervisor centered on discovering market dislocations...

An Overview of Digestive Maladies

An Overview of Digestive Maladies

by mjorrin
June 19, 2025
0

The digestive tract runs from the place the place the meals is available in to the opposite place the place...

TCW Compounders ETF: Little Growth For The Price, Hold (NYSE:GRW)

TCW Compounders ETF: Little Growth For The Price, Hold (NYSE:GRW)

by Doodad Capital
June 19, 2025
0

This text was written byObserveI'm a younger particular person investor specializing to find and analyzing deep worth and progress alternatives....

OppFi: Fintech’s Dark Horse Is Charging Ahead (NYSE:OPFI)

OppFi: Fintech’s Dark Horse Is Charging Ahead (NYSE:OPFI)

by Yiannis Zourmpanos
June 18, 2025
0

This text was written byComply withHello, I am Yiannis. Recognizing winners earlier than they get away is what I do...

Next Post
Want to Know the Easiest Way to Buy a Million-Dollar Property? Fractional Investing

Want to Know the Easiest Way to Buy a Million-Dollar Property? Fractional Investing

Mortgages, Used Car Prices Flying Out Of Reach For Average Americans

Mortgages, Used Car Prices Flying Out Of Reach For Average Americans

Leave a Reply Cancel reply

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

One in seven people ‘have lost money to fraud in past year’

One in seven people ‘have lost money to fraud in past year’

June 23, 2025
News Corp to extend CEO’s contract through June 2030, company says

News Corp to extend CEO’s contract through June 2030, company says

June 22, 2025
I visited Iran to see what it’s REALLY like – I ended up in hiding in terror and fleeing for my life

I visited Iran to see what it’s REALLY like – I ended up in hiding in terror and fleeing for my life

June 22, 2025
XRP, SOL, ETH, HYPE Oversold Bounce Possible If BTC Recovers

XRP, SOL, ETH, HYPE Oversold Bounce Possible If BTC Recovers

June 22, 2025
Senate Democrats Kill Provision Allowing Trump To Ignore Courts In Big Beautiful Bill

Senate Democrats Kill Provision Allowing Trump To Ignore Courts In Big Beautiful Bill

June 23, 2025
Options Market Still Tilts Bullish Despite Bitcoin’s Dip Below 0K

Options Market Still Tilts Bullish Despite Bitcoin’s Dip Below $100K

June 22, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

One in seven people ‘have lost money to fraud in past year’

News Corp to extend CEO’s contract through June 2030, company says

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In