Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more
In this article Check out the companies making the biggest moves midday Friday. Ford — Shares popped about 7% after Ford and Tesla announced a partnership late Thursday that will give Ford owners access to more than 12,000 Tesla Superchargers in the U.S.
and Canada. Tesla's stock gained 5%. Marvell Technology — The semiconductor stock soared 28% after the company's earnings beat analyst expectations.
Marvell Technology also expects revenue growth to accelerate in the second half of the fiscal year, with CEO Matt Murphy citing artificial intelligence as a «key growth driver.» Ulta Beauty — Shares of the beauty retailer tumbled more than 12% following the company's first-quarter earnings announcement.
Despite reporting an earnings and revenue beat, shares fell on the company's reduced operating margin outlook for the full year.
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