{"id":14823,"date":"2025-05-09T06:16:38","date_gmt":"2025-05-09T06:16:38","guid":{"rendered":"https:\/\/finderica.com\/?p=14823"},"modified":"2025-05-09T06:16:38","modified_gmt":"2025-05-09T06:16:38","slug":"stocks-making-the-biggest-moves-midday-app-cvna-meli-crox","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=14823","title":{"rendered":"Stocks making the biggest moves midday: APP, CVNA, MELI, CROX"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines in midday trading. AppLovin \u2014 The mobile ad tech company jumped 11.9% after first-quarter results that beat analyst expectations. AppLovin also announced it would sell its mobile gaming business in a $400 million deal. Carvana \u2014 Shares jumped 10.2% after the online used car marketplace posted better-than-expected first-quarter results . Arm Holdings \u2014 U.S.-listed shares of the British chip designer fell 6.2% after the company provided disappointing guidance for the current quarter . That overshadowed fiscal fourth-quarter earnings and revenue that beat expectations. Kenvue \u2014 The consumer health stock gained 4.1% on the heels of the company&#8217;s better-than-expected results for the first quarter. Adjusted earnings came in at 24 cents per share, above the 23 cents that analysts polled by FactSet were expecting. The company&#8217;s revenue of $3.74 billion also beat the consensus estimate of $3.68 billion. MercadoLibre \u2014 U.S.-listed shares of the Uruguay-based e-commerce and payments firm advanced 6.5% following the company&#8217;s first-quarter results. MercadoLibre earned $9.74 per share on revenue of $5.94 billion. Analysts polled by FactSet expected a profit of $8.27 per share on revenue of $5.47 billion. Cleveland-Cliffs \u2014 Shares of the steelmaker plunged 15.8% after its first-quarter results missed analyst estimates. The company lost 92 cents per share, excluding items, while analysts polled by FactSet called for a loss of 82 cents per share. Revenue also fell short of expectations. Fortinet \u2014 The cybersecurity company pulled back 8.4% on lackluster full-year guidance. The company sees adjusted earnings are expected to come in between $2.43 and $2.49 per share. The midpoint of that range coming in just below the LSEG consensus estimate of $2.47 per share. Peloton \u2014 The digital workout company dipped 6.7% after posting a steeper-than-anticipated loss for the fiscal third quarter. Peloton lost 12 cents per share, while analysts polled by LSEG expected a loss of 6 cents per share. Crocs \u2014 The footwear company soared 9.8% after it reported upbeat earnings and revenue for the first quarter. However, the company announced it was withdrawing its full-year guidance &#8221; due to macroeconomic uncertainties stemming from global trade policies .&#8221; Drug stocks \u2014 Shares of key drugmakers tumbled after Politico, citing people familiar with the matter, reported that President Donald Trump was planning to pursue a Medicare price plan that would slash drug costs. Eli Lilly and Regeneron fell 3.3% and 2.4%, respectively, while AbbVie shed 1.3%. Amgen and Bristol Myers also moved more than 1% lower. Shopify \u2014 The commerce technology platform slid 0.5% after the company&#8217;s adjusted operating income came in below analyst expectations. Warner Bros. Discovery \u2014 The media conglomerate&#8217;s stock popped 5.3% after CNBC&#8217;s David Faber reported, citing sources, that the company was considering separating its linear networks from cable. \u2014 CNBC&#8217;s Alex Harring, Hakyung Kim and Lisa Kailai Han contributed reporting. Correction: Peloton reported fiscal third-quarter results. A previous version misstated the quarter.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2025\/05\/08\/stocks-making-the-biggest-moves-midday-app-cvna-meli-crox.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines in midday trading. AppLovin \u2014 The mobile ad tech company jumped 11.9% after first-quarter results that beat analyst expectations. AppLovin also announced it would sell its mobile gaming business in a $400 million deal. Carvana \u2014 Shares jumped 10.2% after the online used car marketplace posted better-than-expected first-quarter results<\/p>\n","protected":false},"author":1,"featured_media":14824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[405,200,6097,2016,457,6096,634,72,108],"class_list":{"0":"post-14823","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-app","9":"tag-biggest","10":"tag-crox","11":"tag-cvna","12":"tag-making","13":"tag-meli","14":"tag-midday","15":"tag-moves","16":"tag-stocks"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/14823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14823"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/14823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/14824"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}