Posted on by

Stocks making the biggest moves midday: Beyond Meat, Live Nation, Yeti, Boeing and more



Share

Patties of Beyond Meat Inc.’s plant-based burger Beyond Burger are cooked on a skillet.Yuriko Nakao | Getty ImagesCheck out the companies making the biggest moves midday:Beyond Meat — Shares of the maker of plant-based meat alternatives surged more than 13% after the company posted a smaller-than-expected loss for the recent quarter despite dwindling sales and soft demand.Live Nation — The ticker seller fell 9%, despite reporting fourth-quarter revenue of $4.29 billion, up about 60% year over year and topping StreetAccount’s estimate of $3.6 billion. Adjusted operating income was $97.8 million, below the $106 million expected. Live Nation is facing continued scrutiny after its Taylor Swift ticketing debacle.Yeti Holdings — The cooler company’s stock slipped 3.2% following a downgrade to neutral from buy at Goldman Sachs. The Wall Street bank said the growth outlook for Yeti Holdings looks murky from here.Boeing — Shares dropped more than 4% after the industrial giant said it has temporarily halted deliveries of its 787 Dreamliners so it can do additional analysis on a fuselage component.Edison International — The stock gained 2.4% after the utility company reported core earnings per share of $1.15, beating StreetAccount’s estimate of $1.09. Edison also reiterated its compound annual earnings growth rate target of 5% to 7% for 2021-2025.EOG Resources — The energy company dropped 5.1% after reporting fourth-quarter earnings, excluding items, that were short of analysts’ expectations, according to StreetAccount. However, the company beat on revenue.Etsy — Etsy slipped 4.8%, a day after gaining more than 2% on its fourth-quarter earnings beat. The company also offered cautious guidance for its first quarter, anticipating $2.95 billion to $3.15 billion in gross merchandise revenue. That’s down from $3.25 billion in the first quarter of 2022.Intuit — The maker of TurboTax software gained 2.9% after its fiscal second-quarter earnings and reven …

Read More