Stocks making the biggest moves midday: Intel, Marriott, Box & more

  • Date: 10-May-2021
  • Source: CNBC
  • Sector:Economy
  • Country:Middle East
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Stocks making the biggest moves midday: Intel, Marriott, Box & more

— The hotel stock fell more than 3% after the company reported a revenue miss. Marriott did beat earnings estimates, however, with an adjusted 10 cents per share for the first quarter, 3 cents above Refinitiv consensus estimate. — The food distributor's stock fell more than 3% even after the company posted better-than-expected quarterly earnings and revenue. US Foods beat estimates by 7 cents with adjusted quarterly earnings of 12 cents per share amid lower expenses, according to Refinitiv. — Shares of Cathie Wood's flagship ETF fell 4% around midday on Monday amid further selling pressure in innovation stocks. Her fund is now trading below its low of the year from February. Tesla fell 4.2% and Teladoc Health dropped 5.6%. Square and Roku fell 6.6% and 2.1%, respectively. DraftKings declined 5.2% and Zillow lost 3.8%. — Shares of the mall operator rose about 1.7% on news that it and Authentic Brands are purchasing retailer Eddie Bauer from private equity firm Golden Gate Capital. Eddie Bauer will join several other brand names owned by the two companies, including Aeropostale, Forever 21 and Brooks Brothers. — The tech stock bounced 4.4% after activist investment firm Starboard Value said it would nominate more