Stocks making the biggest moves midday: Coinbase, Virgin Galactic, Nvidia, UnitedHealth & more

1 month ago 14

Check retired the companies making headlines successful midday trading. 

UnitedHealth – Shares of wellness attraction elephantine jumped much than 3% aft results topped the Street's forecasts. Its adjusted net came successful astatine $5.31 per share, exceeding the $4.39 per stock expected by analysts, according to FactSet. UnitedHealth besides raised its net guidance for 2021.

Virgin Galactic – The abstraction banal tumbled much than 12% to crook antagonistic connected the twelvemonth aft a filing showed laminitis Richard Branson sold much than $150 cardinal worthy of the company's stock implicit the past 3 days. Branson, and 4 entities helium controls including Virgin Group, sold 5,584,000 shares of Virgin Galactic betwixt April 12 and April 14.

Rite Aid — Shares of the pharmacy concatenation tumbled much than 8% aft the company's fourth-quarter nonaccomplishment came successful larger than expected. Rite Aid reported a nonaccomplishment of 78 cents per stock connected $5.92 cardinal successful revenue. Analysts surveyed by Refinitiv expected a nonaccomplishment of 76 cents per stock and $5.80 cardinal successful revenue. The company's CEO said successful a merchandise that concern was impacted by a "historically soft" acold and flu season.

Coinbase — A time aft the cryptocurrency exchange's debut connected the Nasdaq, shares roseate 1.5%. The institution got a bargain standing and $500 per stock terms target, implying astir 50% upside from yesterday's close. The cryptocurrency speech besides got a ballot of assurance from fashionable capitalist Cathie Wood, whose steadfast Ark Invest bought astir $250 million worthy of Coinbase connected Wednesday.

Charles Schwab — Shares of the e-broker dipped much than 3%, contempt beating connected the apical and bottommost lines of its archetypal 4th earnings. Schwab besides said it added a grounds 3.2 cardinal caller clients successful the archetypal 4th of 2021. The steadfast added astir 2.4 cardinal caller accounts successful each of 2020, which excludes accounts added from its acquisitions.

Nvidia – The spot banal roseate 4.6% aft Raymond James upgraded the institution to a beardown buy. "Our telephone … is meant to explicit our condemnation successful some the abbreviated and agelong term," the steadfast wrote successful a enactment to clients. Raymond James besides lifted its people connected the banal from $700 to $750. The caller people implies a 23% upside from wherever shares closed connected Wednesday.

American Eagle – The retailer gained 3.7% aft American Eagle said it anticipates first-quarter revenue topping $1 billion. The fig is up of the $904.1 cardinal analysts surveyed by Refinitiv were expecting. The institution told CNBC that it's seen spot successful its denim division, and that customers person besides started buying much tops. 

Bank of America – The slope banal fell 2.9% adjacent aft a quarterly report that topped Wall Street estimates connected booming concern banking and trading results. Some analysts including Ken Usdin of Jefferies pointed to Bank of America's heightened expenses successful the quarter, portion others flagged the weaker-than-expected indebtedness maturation arsenic a root for concern.

— CNBC's Maggie Fitzgerald, Tom Franck, Pippa Stevens and Jesse Pound contributed reporting.

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