Midday Movers: Zendesk, Novavax, NIO and More

2022.06.09 20:46

By Liz Moyer

Investing.com — U.S. stocks fell on Thursday as investors awaited inflation data due out on Friday. Here are the midday movers for June 9: 

• Zendesk Inc (NYSE:ZEN) shares fell more than 10% after the customer service software maker said it had ended a strategic review without finding any “actionable” buyers and would stay independent.
• Novavax Inc (NASDAQ:NVAX) shares tumbled 15% after a report that the Food and Drug Administration could delay its approval of the drug maker’s Covid-19 vaccine while it reviews changes to its manufacturing process.
• Nio (NYSE:NIO) shares fell 7% after the electric vehicle maker announced results that showed narrowing profit margins and supply chain challenges that affected its outlook. Revenue beat forecasts and the quarterly loss was smaller than expected.
• Signet Jewelers Ltd (NYSE:SIG) stock jumped nearly 9% after the retailer posted better-than-expected profit and revenue and gave an optimistic full-year forecast. It will expand its share buyback program by $500 million.
• Five Below Inc (NASDAQ:FIVE) stock fell 2.8% after the discount retailer reported disappointing revenue, though profit beat estimates. It cut its full year forecast.
• Walt Disney Company (NYSE:DIS) shares fell 1.5% after the entertainment giant fired its senior television content executive, Peter Rice, and named Dana Walden to replace him. Walden has been chairwoman for entertainment in the television division.

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