December 4, 2022

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Carvana, Meta, Palantir, Viatris, Walgreens and more

Carvana, Meta, Palantir, Viatris, Walgreens and more

Badrul Shkorot | SOPA photos | Light Rocket | Getty Images

Check out the companies making the biggest moves in the middle of the day:

Carvana – Carvana shares are down more than 15% in trading I stopped for a while At one point due to fluctuations. The sale comes after the used car seller worst day ever On Friday, when the company lost a profit and Morgan Stanley withdrew its rating and target price for the stock.

meta pads Shares of Facebook owner Meta jumped 4.7% after a Wall Street Journal report over the weekend saying the company could start Mass layoffs As soon as wednesday. The layoffs could affect thousands of employees, according to the magazine. The company said it had 87,000 employees as of the end of September.

Walgreens Boots Alliance The pharmacy chain’s inventory rose 4% after it said it would invest 3.5 billion dollars To support VillageMD’s acquisition of urgent care provider Summit Health. Walgreens raised its fiscal year 2025 sales target for the U.S. health care business to $14.5 billion to $16.0 billion, from $11.0 billion to $12.0 billion to account for the deal.

Redfin Redfin stock is down 15% after Oppenheimer Downgraded to stocks for poor performance of performance. The investment bank said the company’s online real estate business model is flawed.

Berkshire Hathaway Warren Buffett’s shares rose more than 1% after the company announced 20% increase in operating profit during the third quarter. Berkshire also spent $1.05 billion in share buybacks during the quarter. However, the Omaha-based company suffered a $10.1 billion loss on its investment during the market turmoil in the third quarter.

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Viatris The global healthcare company rose 16% after it announced that it intends to create an ophthalmology franchise by acquiring Oyster Point Pharma and Famy Life Sciences. Viatris also published its quarterly results, with revenue lower than estimates.

Funko Funko stock jumped 18% as investors bought the name back. The game maker’s shares fell nearly 60% on Friday after it delivered disappointing quarterly results and issued poor forward guidance that included a fourth-quarter loss.

Blantyre – Palantir stock fell more than 12 percent after the company’s third-quarter profit came in below analyst estimates, although it beat revenue. In response to the software company’s report, Citi said it sees “a further decline in PLTR as rapid growth slows” as well as continued uncertainty over government spending.

DoorDash The food delivery company’s shares rose 2.5% after being upgraded by Oppenheimer to outperform the company. The company noted that DoorDash margins are improving.

Boston Bear Boston Bear fell 1.3 percent after Morgan Stanley Coverage has begun Out of stock with underweight rating. Its analyst said it is concerned about growth prospects as barley salt smelters continue to decline and there is an “amazing array” of New competition.

sea ​​ltd Sea Limited shares rose 8.6% after being lifted to overweight from neutral by JPMorgan, which said it saw a “rapid” improvement in profitability.

Ryan Air – The shares of the international airline traded 2% after I mentioned the company Record after-tax earnings for the first six months ending in September.

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Energy stocks – Energy stocks led gains in the S&P 500, with the sector up 1.7% in the broader market index after a price hike. natural gas futures contracts. shares EQTAnd the Baker Hughes And the Occidental Petroleum It outperformed, up 8.8%, 4.6%, and 3.3%, respectively.

CNBC’s Carmen Renick, Alexander Haring, Yoon Lee and Sarah Min contributed reporting.