Stocks making the biggest moves midday: Domino's Pizza, DraftKings, Lucid, SunPower and more
Check out the companies making the biggest moves midday.
Domino's Pizza — The stock popped nearly 11% after Domino's announced U.S. consumers can now order its products through Uber's Uber Eats and Postmates apps. The agreement has the potential to add incremental orders from Uber Eats to 70% of Domino's stores, the company said.
DraftKings — Shares of the sports betting app rallied about 5% following an upgrade to buy by analysts at Bank of America. The Wall Street firm cited an «inflection point» in margins and profitability.
Roku — Shares of the streaming provider gained 1%. The company said Tuesday it's teaming up with Shopify to allow viewers to purchase straight from Roku TV. Viewers will be able to simply press a button on their Roku remote to place an order upon seeing an ad for a Shopify merchant, the company said.
Lazard, Jefferies Financial — Shares of Lazard added 3.9% while Jefferies gained 5.8% after both were upgraded by Morgan Stanley, which said it expects growing merger and acquisition activity. Lazard was upgraded to overweight from equal weight, while Jefferies was upgraded to equal weight from underweight.
Bank stocks — Bank stocks jumped after consumer prices came in lighter than expected. Citigroup and Goldman Sachs gained 2.6% and 2%, respectively. KeyCorp rallied nearly 5%, while Zions and Comerica Bancorporation added about 4%.
Lucid Group — The electric-vehicle maker sank 12% after its second-quarter deliveries fell short of analysts' estimates. Lucid delivered 1,404 of its electric Air luxury sedans, while analysts polled by FactSet expected 2,000 deliveries.
SunPower — Shares jumped 9.4% after the solar power company was upgraded by Raymond James to strong buy from outperform. Analyst Pavel
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