Stocks making the biggest moves midday: UiPath, Coupa Software, ChargePoint, Twitter and more

FAN Editor

The logo and trading symbol for Twitter is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, July 11, 2022.

Brendan McDermid | Reuters

Check out the companies making headlines in midday trading.

UiPath — The stock tumbled 12.9% after UiPath issued weaker-than-expected third-quarter and full-year revenue guidance. Still, the robotic process automation software company beat earnings and revenue expectations in its most recent quarter.

related investing news

Coupa Software — Coupa Software climbed 13% after posting earnings that exceeded expectations in its most recent quarter, as well as outlining strong full-year earnings and revenue guidance.

ChargePoint — ChargePoint spiked 8.2% after Credit Suisse initiated coverage of the operator of electric vehicle charging stations with a buy rating, saying shares can jump roughly 50% from here. The firm’s analyst said ChargePoint stations should get a boost from favorable U.S. regulatory policies.

Gitlab — Shares jumped 6.7% after the software developer reported a smaller loss than expected in its most recent quarter. Gitlab also issued better-than-expected third-quarter guidance.

Pinterest — The social media stock rose 4.6% after Wolfe Research upgraded it to outperform. The firm was positive on Pinterest’s new CEO, who analysts say could improve execution on the company’s long-term user and monetization goals.

Twitter — Twitter shares jumped 4.8% after a Delaware court shut down Elon Musk’s request to postpone a trial focused on his move to abandon a $44 billion deal to purchase the social media company. The court, however, said it would allow Musk to add claims from a Twitter whistleblower to his countersuit.

Starbucks — Shares of the coffee chain jumped 3% after Barclays said there was buying opportunity for the stock ahead of its upcoming investor day. Barclays said in a note to clients that it is confident in incoming Starbucks CEO Laxman Narasimhan.

Petco Health and Wellness — Shares of the pet products retailer jumped 4.5% after RBC initiated coverage with an outperform rating. Analysts noted that much of the weakening consumer environment is already reflected in the share price and believes Petco is well-positioned to take share of the U.S. pet category “given its revised company strategy, structurally advantaged real-estate portfolio and vet expansion opportunity.”

Baker Hughes — Energy stocks fell as oil prices fell to seven-month lows, with Brent crude futures and U.S. West Texas Intermediate crude sliding by more than $3 each. Shares of Baker Hughes dropped 3.2%. Halliburton declined 2.5% and Occidental Petroleum and Marathon Oil both eased 2.1%.

— CNBC’s Jesse Pound, Samantha Subin, Michelle Fox Theobald contributed reporting.

Free America Network Articles

Leave a Reply

Next Post

Erik Prince: Afghanistan the terrorist haven we fought to stop after Biden’s botched withdrawal

Neil W. McCabe — OAN National Political CorrespondentUPDATED 2:51 PM PT – Wednesday, September 7, 2022 (MIDDLEBURG, VA.) One year after the fall of Kabul, the founder of Blackwater told One America News his warnings were about Afghanistan were ignored by incompetent military leaders and national security professionals. “Because the […]