Stocks making the biggest moves midday: Lowe’s, MicroStrategy, Six Flags, Casper Sleep & more

Stocks making the biggest moves midday: Lowe’s, MicroStrategy, Six Flags, Casper Sleep & more

Check out the companies making headlines in midday trading. 

Lowe's - Shares of Lowe's ticked more than 3% lower after the company said home improvement sales will likely decline in 2021 as more people get Covid-19 vaccines and spend more time outside their homes. Despite the outlook, Lowe's said fourth-quarter same-store sales climbed 28.1%. Analysts expected same-store sales of 22%. Lowe's reported earnings of $1.33 per share on revenue of $20.31 billion. Wall Street expected earnings of $1.21 per share on revenue of $19.48 billion, according to Refinitiv.

Tesla “” Tesla shares jumped about 5% after widely followed investor Cathie Wood snapped up more than $120 million worth of the electric car maker's stock during Tuesday's rout and subsequent comeback. The electric car maker is the biggest holding of Wood's flagship Ark Innovation ETF (ARKK), with an over 9% weighting.

Casper Sleep - Shares of the mattress company declined nearly 7% after Casper posted a larger-than-expected loss for the fourth quarter. The company said it lost 37 cents per share, which was 2 cents more than analysts were anticipating. Revenue came in at $150 million, which was ahead of consensus estimates for $138 million, according to Refinitiv.

MicroStrategy - Shares of the enterprise software company jumped more than