Midday Movers: Nikola, Bed Bath & Beyond, Peloton and More

2022.08.30 21:10

© Nikola Motor

By Liz Moyer

Investing.com — U.S. stocks extended their losses on renewed interest rate fears. Here are the midday movers for Aug. 30:

• Nikola Corp (NASDAQ:NKLA) stock fell 10% after it said it would issue $400 million new shares at market prices. 
• Bed Bath & Beyond Inc (NASDAQ:BBBY) shares fell 6% a day ahead of the company’s presentation on its strategic plan as the home goods retailer tries to execute a turnaround.
• Peloton Interactive Inc (NASDAQ:PTON) shares fell 7% after it said it was delaying the filing of its 10K annual report to regulators because it needed more time to do accounting for strategic business developments.
• Best Buy Co Inc (NYSE:BBY) shares rose 2% after the electronics retailer maintained its forecast and posted better than expected results for the quarter. Same store sales did not deteriorate as much as analysts feared.
• Baidu Inc (NASDAQ:BIDU) shares fell 7% despite beating expectations as revenue declined from the same quarter one year ago.

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