Stocks making the biggest moves midday: Coinbase, Airbnb, WeRide, GameStop and more
Check out the companies making headlines in midday trading:
Warner Music Group — The entertainment stock popped 3% following an upgrade at Citi to buy from neutral. Citi analyst Jason Bazinet said Warner Music's multiple is «far below» those of its peers.
Roku — Shares popped nearly 14% after the streaming company reported fourth-quarter results that beat analysts' expectations. Roku lost 24 cents per share on revenue of $1.2 billion. Analysts expected a loss of 40 cents per share on revenue of $1.14 billion, per LSEG. The company also said households using its platform grew 12% year over year in 2024.
Airbnb — The stock rallied 14% after the travel company's fourth-quarter numbers beat expectations. Airbnb earned 73 cents per share on revenue of $2.48 billion. Analysts polled by LSEG expected a profit of 58 cents per share on revenue of $2.42 billion.
Twilio — Shares of the cloud communications company plunged nearly 14% on the heels of its weak earnings guidance. Twilio expects first-quarter earnings to come in between 88 cents and 93 cents per share, while analysts surveyed by LSEG had penciled in 99 cents per share.
GameStop — The meme stock jumped more than 5% after sources familiar with the matter told CNBC that the video game retailer is considering investing in bitcoin and other cryptocurrencies. Still, GameStop is in the process of determining whether this makes sense for the company's business, one source said.
Wynn Resorts — The casino stock surged 10% after fourth-quarter results topped estimates. Wynn reported $2.42 in adjusted earnings per share on $1.84 billion in revenue. Analysts had penciled in $1.27 per share and $1.77 billion of revenue, according to FactSet. Net revenue was stronger than expected in
Read more on cnbc.com
