Midday Stock Movers: Boeing, Enphase Energy, Roblox
2022.04.27 19:30
By Sam Boughedda
Investing.com — US stocks are trading mostly higher Wednesday. Here are the midday movers for Wednesday, April 27th
Enphase Energy (NASDAQ:ENPH) stock has surged, trading 5.12% higher midday after the solar microinverter company reported earnings Tuesday after the close, beating top and bottom-line expectations, reporting a record quarterly revenue.
Robinhood Markets (NASDAQ:HOOD) is trading 5.9% lower after the brokerage reported it will lay off about 9% of its full-time staff, because of “duplicate roles and job functions.”
Roblox (NYSE:RBLX) stock has tumbled about 5.4% after Morgan Stanley cut its price target from $65 to $32 per share as they continue to see negative revisions ahead.
Visa (NYSE:V) is up 8.1% after it reported earnings and revenue that beat analyst estimates. The company expects the travel recovery will bring continued growth.
Microsoft (NASDAQ:MSFT) is trading 6% above Tuesday’s close with the software giant anticipating double-digit revenue growth for the next fiscal year, due to demand for cloud computing services.
Boeing Co (NYSE:BA) missed earnings and revenue forecasts for Q1 due to higher costs on commercial and defense aircraft. The report sent its stock tumbling, with shares currently down 7.7%.
