Try the firms making headlines in noon buying and selling.
PayPal, Pinterest – Shares of PayPal climbed more than 3% as Pinterest shares tumbled more than 12% after PayPal addressed reviews from final week that it is in talks to buy Pinterest, clarifying that it’s not pursuing an acquisition of the social media large “at this time.” Final week Pinterest shares surged on the reviews, whereas PayPal shares dropped.
Tesla — Shares of the electrical automobile firm jumped more than 9% to hit an all-time excessive following information that Hertz is ordering 100,000 autos to construct out an EV rental fleet by the finish of 2022. The deal, which can usher in a reported $4.2 billion for Tesla, is the largest ever buy of electrical autos. Morgan Stanley additionally raised its value goal on the inventory.
Kimberly-Clark — Shares of Kimberly-Clark dipped 3.2% after the client merchandise firm’s quarterly earnings got here in at $1.62 per share, 3 cents decrease than the Refinitiv consensus estimate. Kimberly-Clark mentioned inflation and provide chain points damage earnings.
Restaurant Manufacturers Worldwide — Shares of Restaurant Manufacturers Worldwide fell 3.7% after the firm reported quarterly earnings. The mum or dad of Burger King and different chains topped earnings expectations by 2 cents per share whereas income got here in barely under expectations. The corporate mentioned labor challenges impacted operations.
Exxon Mobil — Shares of power shares rose at oil costs climbed with U.S. benchmark WTI crude at its highest ranges in seven years. Exxon gained 1.7%, ConocoPhillips added 1.4% and Chevron rose 1%.
Bakkt — Shares of Bakkt surged more than 75% after CNBC reported the newly public crypto agency would supply custodial companies for Mastercard. Mastercard will quickly permit banks and retailers to combine crypto into their merchandise, together with bitcoin wallets, credit score and debit playing cards that earn rewards in crypto and loyalty packages the place factors could be transformed into bitcoin.
Carnival, Norwegian Cruise Line — Shares of Carnival retreated 1.8% after Citi downgraded the inventory to impartial from purchase. In the meantime, Norwegian shares gained 0.9% after Citi initiated protection of the inventory with a purchase score. “Cruise lines are planning to have full fleets sailing by next summer and consumer interest, reflected in our web traffic data, is building, especially for high-end brands,” the Citi analysts mentioned.
Otis Worldwide — The maker of elevators and escalators noticed its shares dropping about 3% even after a better-than-expected quarterly report. Otis beat prime and backside strains for its third quarter earnings and income, based on FactSet. Shares have risen more than 23% this yr.
Whirlpool — Shares of Whirlpool fell 1.3% after RBC downgraded the inventory to underperform from sector carry out. The agency mentioned Whirlpool is dropping market share and its margins look set to weaken.
Warby Parker – Shares of the eyewear model jumped 4.7% after Goldman Sachs initiated the inventory as a purchase. Along with the firm’s model energy, Goldman additionally cited its increasing brick and mortar footprint and market share seize.
— CNBC’s Yun Li and Tanaya Macheel contributed reporting
