Ulta, Zoom Video, Past Meat and extra
General view during the launch of KKW Beauty at ULTA Beauty on October 24, 2019 in New York City.
Dimitrios Kambouris | Getty Images Entertainment | Getty Images
Check out the companies that are making the headlines in midday trading.
Amazon, Facebook, Google, Apple – Big Tech stocks struggled Tuesday as recent winners continued to rotate following advances in vaccines and therapeutics against the coronavirus. Facebook and Amazon stocks fell 4.4% and 3.7%, respectively, while Google and Apple saw smaller declines.
Boeing stocks rose more than 5% after Reuters reported that the Federal Aviation Administration is in the final stages of reviewing proposed changes to the Boeing 737 Max. The agency could approve the grounding of the aircraft as early as November 18, Reuters reported.
Ulta – Shares rose more than 5% on news the beauty company closed to open skin care stores in hundreds of Target stores across the country. Each store will be approximately 1,000 square feet and be staffed by Ulta-trained Target employees.
Zoom Video – Popular stay-at-home games have dropped for a second day after positive news about treatments and vaccines for the coronavirus. Zoom Video lost more than 7% of its shares. Teladoc Health was down 2.6% and Peloton was down 1.5%.
Eli Lilly – Shares traded nearly 3% higher after the Food and Drug Administration cleared the company’s emergency coronavirus drug Bamlanivimab. The agency said the drug can be used to treat mild to moderate cases of coronavirus in patients over the age of 12.
DR Horton – Homebuilder stock rose 5% after DR Horton beat Wall Street estimates for the fourth quarter of fiscal year and increased its dividend. The company made an adjusted $ 2.24 per share on sales of $ 6.4 billion. Analysts surveyed by Refinitiv expected $ 1.76 per share on revenue of $ 5.88 billion. Net customer orders increased more than 80% for both the number of homes and total value.
Beyond Meat – Shares fell more than 17% after the vegetable meat producer posted an unexpected quarterly loss as the pandemic weakened demand for its meat alternatives in restaurants. The company posted a loss per share of 28 cents versus an expected profit of 5 cents per refinitive. Revenues were also below estimates.
RealReal – The luxury mail order company’s shares fell more than 6% after disappointing gains. RealReal posted a loss of 41 cents per share, according to Refinitiv, compared to the loss of 38 cents expected by analysts. The company also said there were no future guidelines.
Novavax – The drug maker fell 11% after missing the top and bottom of its quarterly results. Novavax reported a loss of $ 3.21, compared to expected earnings of $ 1.73 per share, according to Refinitiv. Revenue was $ 157 million, below the forecast of $ 230.6 million.
– with reports from Yun Li, Jesse Pound and Fred Imbert of CNBC.