Midday Stock Movers: Meta, Netflix, Airline Stocks
Investing.com
Published Apr 21, 2022 11:41AM ET
By Sam Boughedda
Investing.com -- U.S. stocks are up Thursday, although they have slipped from their highs earlier in the session. Here are the midday movers on Thursday, April 21st.
After beating earnings and revenue estimates, Tesla Inc (NASDAQ:TSLA) is trading around 6.5% higher midday. The company posted earnings per share of $3.22 on revenue of $18.76 billion.
United Airlines (NASDAQ:UAL) is up over 12%, while American Airlines (NASDAQ:AAL) has gained over 6%. Other airline stocks are also climbing Thursday after UAL and AAL said they expect to return to profitability in the current quarter.
Netflix Inc (NASDAQ:NFLX) is currently down another 5.6% after it revealed on Tuesday it lost 200,000 subscribers in the last quarter and expects a further loss of 2 million paid subscribers in the current quarter.
Nucor Corp (NYSE:NUE) posted an earnings and revenue beat, sending its stock more than 7.9% higher around midday. The steel company reported earnings per share of $7.67 on revenue of $10.49 billion.
Cyngn Inc (NASDAQ:CYN) stock is one of the biggest movers Thursday, surging 78% on the back of news it has launched DriveMod Kit, a turnkey autonomous vehicle solution.
Meta Platforms (NASDAQ:FB) stock has slipped 4.5% after allegations against chief operating officer Sheryl Sandberg recharged worries about senior management ethics at the company.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.