Stocks making the biggest moves midday: Chipotle, PG&E, Marathon Oil and CarMax

1 min


175
114 shares, 175 points

A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, U.S., on Monday, April 19, 2021.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines in midday trading.

CarMax — CarMax shares plummeted 9.5% after reporting a beat on revenue but a miss on earnings for the latest quarter. The auto retailer earned 98 cents per share, below the $1.25 per share consensus estimate.

CrowdStrike — Shares of the cybersecurity company jumped more than 3% after Goldman Sachs upgraded the stock to a “buy” from “neutral.” The firm said the strength of CrowdStrike’s business has been overlooked recently and that it’s “well positioned in the sweet spot of demand.”

PG&E — Shares of the utility company rose 3.1% after it reached settlements to pay $55 million for two fires in Northern California. As part of the agreement, PG&E will not face any criminal prosecution.

Cisco Systems —  Shares of the network technology company fell 2%, lagging behind the broader market, after Citi downgraded Cisco to sell from neutral. A Citi analyst said in a note to clients that Cisco was losing market share to its rivals.

Hewlett Packard Enterprise — Shares of Hewlett Packard Enterprise dipped 2.5% after Morgan Stanley downgraded the stock to underweight from equal weight and said it expects the stock to underperform over the next year.

Chegg — Shares of Chegg dropped 8.4% following a downgrade by KeyBanc Capital Markets. Analysts downgraded Chegg to sector weight from overweight, saying the company reported lower growth in the U.S. in its first quarter.

Chipotle — Shares of the restaurant chain rose 1.4% after Citi initiated coverage of the stock with a buy rating. The firm said Chipotle is a “best-in-class growth leader.” 

Albertsons — The food retailer’s stock sank 8.1% after reporting earnings for the recent quarter. Albertsons beat on revenue and reported earnings of 75 cents per share, 11 cents above consensus estimates.

Oil stocks — Energy stocks rose on Tuesday as oil prices, which have seesawed in recent weeks, jumped back above $100 a barrel. Marathon Oil, Devon Energy and Occidental Petroleum jumped about 4.2%, 3.7% and 2.1%, respectively.

— CNBC’s Jesse Pound, Hannah Miao, Tanaya Macheel and Sarah Min contributed reporting

Source: CNBC


Like it? Share with your friends!

175
114 shares, 175 points

What's Your Reaction?

Cute Cute
16
Cute
Fun Fun
8
Fun
Hate Hate
2
Hate
Confused Confused
18
Confused
Fail Fail
10
Fail
Geeky Geeky
5
Geeky
Love Love
24
Love
OMG OMG
18
OMG
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format