Midday Movers: Walmart, Bed Bath & Beyond, Snowflake and More

2022.08.16 20:37

Budrigannews.com – U.S. stocks wobbled on Tuesday as retail earnings and housing data poured out. Here are the midday movers for Aug. 16

• Walmart Inc (NYSE:WMT) shares rose 5% after the biggest U.S. retailer posted better than expected results. Home Depot (NYSE:HD) also rose 5% after maintaining its outlook for the year as same-store sales beat expectations.
• Bed Bath & Beyond (NASDAQ:BBBY) shares jumped as much as 70% in frenzied meme-stock trading. The struggling retailer has been a hot topic of conversation among the traders that use the Reddit forum WallStreetBets.
• Snowflake Inc (NYSE:SNOW) shares fell 4.7% after UBS cut its rating to neutral from buy because of valuation. The stock has rallied 50% since June.
• Ziprecruiter Inc (NYSE:ZIP) shares fell 4.8% after reporting better than expected results. The company said companies are holding back on job listings and it updated its full-year outlook.
• Zoom Video Communications Inc (NASDAQ:ZM) shares fell 4.6% after Citi cut its rating to sell from neutral, citing heightened competition and macroeconomic challenges.