Stocks making the biggest moves midday: Walmart, Snowflake, Fisker and more

  • Date: 18-May-2021
  • Source: CNBC
  • Sector:Economy
  • Country:Gulf
  • Who else needs to know?

Stocks making the biggest moves midday: Walmart, Snowflake, Fisker and more

— Shares of the big box retailer rose about 2.5% after Walmart reported that surged past Wall Street's estimates. Walmart reported adjusted earnings per share of $1.69, versus $1.21 expected per Refinitiv. The company reported strong grocery sales and e-commerce growth and raised its outlook for the year. — Snowflake jumped more than 6% following a bullish call from Rosenblatt Securities. The firm the data storage company to a buy rating ahead of Snowflake's quarterly report on May 26. "Snowflake … is uniquely positioned as the leading independent Cloud data platform provider that should continue to grow rapidly as enterprises shift more of their IT workloads to the cloud," the firm said. — Fisker shares rose just shy of 10% in midday trading after the electric-vehicle company announced an agreement to deliver up to 700 cars to Onto, a U.K.-based EV subscription service. Fisker equity had come under pressure in extended trading Monday evening after it reported a wider-than-expected first-quarter loss. — The casino stock jumped more than 4% after JPMorgan the stock to overweight from neutral. The investment firm said in a note to clients that foot traffic in Las Vegas was increasing and the rebound should continue later