Stocks making the biggest moves midday: FedEx, DraftKings, Lennar, Tapestry & more

SourceCNBC
SectorEconomy
CountryMiddle east

A woman walks past FedEx Corp. Ground vehicle parked in the Midtown neighborhood of New York, U.S., on Friday, Dec. 4, 2015.John Taggart | Bloomberg | Getty ImagesHere are the companies making headlines in midday trading.FedEx – Shares of the shipping company jumped more than 6% after the company beat top and bottom line estimates in the first quarter. The shipping giant earned $4.87 per share on an adjusted basis, which was handily above the $2.69 analysts had been expecting, according to estimates from Refinitiv. Revenue came in at $19.3 billion.KB Home – The homebuilder stock advanced more than 4% after Evercore ISI upgraded the stock to an outperform rating in a note titled "housing's golden age." "Today, as the global economy reels from COVID-19, the US housing industry stands ...read more...