Crocs, Bed Bath & Beyond, EVgo, UBS, and More Stocks Making Big Moves Midday

‍Bed Bath & Beyond

As the company, which specializes in home goods, announced a $300 million stock offering earlier this month, shares of the company fell nearly 16% following a fourth warning that the company could have to file for bankruptcy in the near future. The company also reported that the loans it obtained last year had been reduced.

‍

UBS

There has been a minor rise in shares of U.S. listed companies on Tuesday following news that Sergio Ermotti would take over the company's CEO position as part of its takeover of Credit Suisse.

‍

EVgo

‍

In a recent report, Refinitiv, the market analyst firm, noted that EVgo surged 21% after it reported fourth-quarter revenue higher than Wall Street expectations, according to Refinitiv. They also noted that the throughput of its network increased by 74% from a year ago.

‍

Ford

During the last trading session, Morgan Stanley reiterated its overweight rating for the company, saying it is likely that the company can maintain its capital discipline going forward.

‍

Netflix

As of midday trading, NFLX stock had gained 1.7% or $1.28 over the previous day after Wells Fargo said it estimated that it could rise 20% from here following the streaming giant's "paid sharing efforts." Wells highlighted the fact that paid sharing provides an exceptional upside to the stock, as well as "a key component of NFLX's bull case for the long term."

‍

Zebra Technologies

TD Cowen initiated coverage of Zebra Technologies as outperforming after the company announced its top leadership change. Zebra Technologies named Joe White its new chief product officer.

‍

Fluence Energy

In response to Goldman Sachs upgrading the electric services provider to buy from neutral, the stock has gained 15% in value. The firm said the Inflation Reduction Act would benefit the company.

‍

Philip Morris

As a result of JPMorgan upgrading the tobacco company's shares from neutral to overweight, the stock has risen 1.8%. The firm said that the shares are currently at an attractive price while pointing out that it will be capable of increasing its market share as time goes on.

‍

Juniper Networks

According to Evercore ISI, the company is poised to outperform the industry and arrive at the top of its respective charts in the near and long term. As a result of its upgrade, the company added 1.3% to its stock.

‍

Crocs

According to B. Riley, the stock is underappreciated, which contributed to the stock's 3% rise after the brokerage initiated coverage of the stock as a buy.

‍

Interpublic Group of Companies

Despite the fact that Bank of America upgraded the advertising agency from neutral to buy this week, the company gained 3% as it had been characterized as a company that is well positioned for challenges and is reliable for its investors.

‍

Waste Management

As a result, the solid waste company's shares rose by 2% following an update from TD Cowen suggesting the firm would initiate the stock at an outperform rating, saying that earnings and cash flow would remain stable.

‍

Charles Schwab

Earlier in the day, Morgan Stanley downgraded Charles Schwab to a lower rating, citing an extended earnings recovery timeline which raises some concerns over the share price risk-reward balance, a factor that has a negative impact on the share price.

‍

Carnival

Carnival Cruise Line shares rose by 3% Friday on the back of the company's ongoing rally. Carnival stocks are up more than 10% for the week, and the share price has risen 26% since the first quarter. Susquehanna upgraded Carnival from neutral to positive earlier this week.

‍

Paycom Software

Upon D.A. Davidson upgrading Paycom Software to a buy from neutral, shares advanced 4%. According to the Wall Street firm, the growth rate for the payroll provider is slowing down, but Robert Simmons, the firm's analyst, predicts there will be "limited downside risk to the estimates unless the recession is severe."