People enter the Bed Bath & Beyond store in the Tribeca district of New York City.
Michael M. Santiago | Getty Images
Check out the companies that make headlines for trading at noon on Friday.
Bed Bath & Beyond-Household goods retail after the company announced that three of RC Ventures, the company of activist investor Ryan Cohen, will soon join Bed Bath & Beyond’s board of directors. The trader’s share soared by more than 4% in the noon transaction.
After Nio-Nio reported its fourth-quarter results, Chinese electric car makers’ stocks traded in the United States fell 10%. Nio’s fourth-quarter revenue was better than expected, but forward guidance was below Street Account’s estimate.
Joby Aviation-Electric airline stocks surged 12% against the backdrop of the latest quarterly results. Joby reported revenue of 1 per share after losing 31 cents per share in the same period last year. Morgan Stanley also noted that Jobby continued to gain momentum and “made significant progress in the certification and manufacturing process,” repeating the strain as overweight.
Teva-Pharmaceutical company shares increased 4.7% after Bernstein upgraded shares to outperform market performance as Teva launches new products and may resolve ongoing opioid proceedings ..
Honest Companies-Stocks of consumer goods companies plummeted 25% against the backdrop of quarterly mixes. Honest Company said it lost 10 cents per share with revenue of $ 80.4 million. According to Refinitiv, analysts expected a $ 84.6 million revenue loss of 6 cents per share.
Fortinet-Fortinet fell 2.7% after Bank of America downgrade from buy to neutral. Banks said strong profit growth has already been burned into Fortinet’s stock.
Alibaba, JD.com — US-listed Chinese tech stocks fell again on Friday as they continue to face increased surveillance in China and the possibility of US delisting. Alibaba was down 3.1%, JD.com was down 3%, and Pin Duo Duo was down 4%. Diddy Global plunged nearly 14%.
— CNBC’s Maggie Fitzgerald, Jesse Pond and Salamine contributed to the report