Midday Movers: DraftKings, Carvana, DoorDash and More
WBD
-12.87%
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SBUX
+8.48%
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CVNA
-38.95%
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DKNG
-27.82%
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DASH
+8.32%
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CV0
-31.81%
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By Liz Moyer
Investing.com — Stocks gave back their earlier gains on Friday and turned lower after October’s job report showed an uptick in unemployment but also showed the economy added more jobs than expected last month. Here are the midday movers for Nov. 4:
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DraftKings Inc (NASDAQ:DKNG) stock fell 27% after the sports betting site beat on third-quarter expectations and raised its outlook. Monthly active users came in lower than expected.
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Carvana Co (NYSE:CVNA) shares fell 38% a day after the used car seller reported an unexpected drop in sales in the recent quarter and warned economic conditions were making it tough for the business after a surge in demand during the pandemic.
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DoorDash Inc (NYSE:DASH) shares rose 2.7% after it beat expectations for the third quarter. Orders on the delivery app platform surged 27% in the recent quarter and beat Wall Street’s forecast.
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Warner Bros Discovery Inc (NASDAQ:WBD) stock fell 14% after it missed expectations amid a slowdown in advertising spending and as merger costs weighed on results. It moved up the date when it will roll out its merged HBO Max and Discovery+ streaming platforms to spring.
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Starbucks Corporation (NASDAQ:SBUX) stock rose 7% after the coffee chain reported stronger than expected results. Same-store sales in the U.S. jumped 11% while prices also rose 6% from the same time last year.
