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Bull Trader USA

Stocks making the biggest moves midday: Uber, Abiomed, Peloton, Carvana, Molson Coors and more

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A traveller waits for an Uber rider at Midway International Airport on May 09, 2022 in Chicago, Illinois. Uber plans to cut spending and hiring in an attempt slow the company’s plummeting stock price, which is down nearly 50 percent for the year.
Scott Olson | Getty Images

Check out the companies making headlines in midday trading Tuesday.

Uberreported revenue that exceeded Wall Street’s expectations. The company also gave better-than-anticipated guidance for its fourth quarter, projecting strong bookings growth and adjusted EBITDA of $600 million to $630 million. Analysts surveyed by Refinitiv expected $568 million in adjusted EBITDA.

Abiomed

Pfizer

Pelotonproducts went live on the Dick’s

Foxcompany’s earnings showing its free, ad-supported streaming service helped boost advertising revenue.

Molson Coors Beverage

Goodyear Tire

Amazon

Carvanaupgraded Carvana to neutral from underweight, saying the company and investors have a better handle on the risks in the used car seller after its decline this year.

SoFi

Stryker

Eli Lilly

Hologic

Avis Budget

Gartner

Trex

Sealed Air

Ecolab

Deckers Outdoorreinstated coverage of Deckers Outdoor with a buy rating, saying the footwear company has a strong portfolio of brands led by Hoka and Ugg that will help the stock outperform.

IDEXX Laboratories

— CNBC’s Sarah Min, Carmen Reinicke, Tanaya Macheel, Yun LI, Michelle Fox and Jack Stebbins contributed reporting.

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