Midday Movers: Match Group, CVS Health, Moderna and More

08/03/2022

1 minute read

2022.08.03 20:58

By Liz Moyer

Investing.com — U.S. stocks surged on Wednesday on stronger than expected data about services activity in July. Here are the midday movers for Aug. 3:

Match Group Inc (NASDAQ:MTCH) stock tumbled 17% on Wednesday after missing expectations, ending a dating-in-the-metaverse project, and announcing the departure of Tinder’s CEO.
CVS Health Corp (NYSE:CVS) shares rose 5.5% after the drug store chain and health insurer said same-store sales rose 8% on the strength of sales of Covid-19 rapid tests.
Moderna Inc (NASDAQ:MRNA) shares jumped 16% after beating expectations and announcing a $3 billion share buyback program.
PayPal Holdings Inc (NASDAQ:PYPL) shares rose 9% after the digital payments firm announced a $15 billion share buyback and confirmed the activist investor Elliott Management had taken a $2 billion stake.
Starbucks Corporation (NASDAQ:SBUX) stock rose 4.5% after beating expectations for the last quarter, with U.S. sales rising 9% and same-store sales in the U.S. rising 3%.