Stocks making the biggest moves midday: Tilray, Zillow, Sonos, Zynga and more

SourceCNBC
SectorFinancial Markets
CountryMiddle east

Check out the companies making headlines in midday trading. Tilray, Canopy Growth, Aphria, Aurora Cannabis — Several cannabis stocks dropped Thursday, giving up some of the sharp gains from earlier this week as Reddit traders piled into the names. Shares of Tilray fell more than 40% after rallying 50% on Wednesday. Canopy Growth is down 21%, Aphria is down 31% and Aurora Cannabis is down more than 21%. Bank of New York Mellon — Shares of BNY Mellon rose 2.7% in midday trading after it announced that it will begin financing bitcoin and other digital currencies. The announcement represents a significant step by one of the country's most prominent custodian banks to validate the banking and financing of bitcoin and other digital currencies. Zillow — Shares of the real estate tech company jumped more than 15% after a stronger-than-expected earnings report.

Zillow reported 41 cents in earnings per share and $789 million in revenue for the fourth quarter. Analysts surveyed by Refinitiv were...read more...