Stocks making the biggest moves midday: Netflix, Block, Snap, KB Home and more
Publishing timestamp: 2023-03-23 17:03:54
Summary
Stocks of various companies experienced significant movements during midday trading. Netflix's stock rose following a report that the company's gross additions in Canada have improved. Block's shares plunged after short seller Hindenburg Research announced its latest position in the stock, alleging that Block facilitates fraud. Social media stocks, including Meta Platforms and Snap, moved higher as TikTok CEO Shou Zi Chew testified before the House Energy and Commerce Committee. Shares of regional banks, including First Republic and PacWest, sank as investors continued to weigh the health of the banking system. Regeneron Pharmaceuticals and Sanofi's shares rose after their jointly developed asthma drug met all targets in its trial to treat chronic obstructive pulmonary disease. KB Home's shares rallied after the homebuilder's fiscal first-quarter earnings beat expectations, and the company announced a $500 million buyback program. Worthington Industries' stock soared after its fiscal-third-quarter adjusted earnings per share beat expectations. Coinbase's shares fell after the company was notified by the Securities and Exchange Commission of possible violations of U.S. securities law. Chewy's shares lost value despite the company posting a top-and-bottom line beat for the recent quarter. AMC's shares jumped even after Citi resumed coverage of the company with a sell
Sentiment: MIXED
Tickers: HCP, F, COIN, SQ, SAN-FR, SNAP, KBH, NFLX, SNY, PACW, WOR, META, CHWY, FRC, REGN, AMC,
Keywords: coinbase global inc, meta platforms inc, ford motor co, worthington industries inc, market insider, chewy inc, hashicorp inc, stock markets, first republic bank, markets, business news, regeneron pharmaceuticals inc, pacwest bancorp, sanofi sa, economy, amc entertainment holdings inc, business, breaking news: markets, snap inc, netflix inc, kb home, block inc,
Source: https://www.cnbc.com/2023/03/23/stocks-making-the-biggest-moves-midday-nflx-sq-snap-kbh.html