Tech

Stitch Fix, Roku, Norwegian Cruise Line and more

Check out the companies that hit the headlines in midday trading.

Repairs – Shares of the digital personal shopping company plummet 23% after disappointing guidance report for the second fiscal quarter and full year. Stitch Fix also missed estimates for its active customers during its fiscal first quarter. However, the company beat quarterly results.

Roku – The streaming platform’s shares jumped more than 15% after it announced it had struck a multi-year deal with Google come keep YouTube and YouTube TV on its service. The deal will allow 56.4 million active Roku accounts to continue watching YouTube and YouTube TV, Google’s live streaming service, without interruption.

Travel and reopening stocks – While the broader market was flat, travel and reopening stocks rose on Wednesday. Norwegian Cruise Line 10% increase. American Airlines add 3.8%, and United Airlines up 5.7%. Carnival up 7.4% and Royal Caribbean up 6.6%.

PagerDuty The software company’s stock jumped 10.4% after PagerDuty posted a loss of 7 cents per share, topping estimates for a loss of 9 cents per share, according to Refinitiv. The company posted revenue of $71.8 million, higher than the $70.0 million forecast. PagerDuty also reported better-than-expected earnings and revenue guidance for the fourth quarter.

Dave & Buster’s – Shares of the video game company rose 9% after reporting better-than-expected third-quarter results. Dave & Buster reported earnings of 21 cents per share, 8 cents higher than estimates, according to Refinitiv.

NXP . Semiconductor – Chip company shares fell 5% after UBS start insurance on stock with a sell rating. The company said that while it believes it will remain a leader in some product categories, NXP’s automotive division growth will lag behind its peers. The company has a 12-month target of $170 for the stock, about 28% below Tuesday’s closing stock price.

ChargePoint Holdings – ChargePoint Holdings shares drop 5.2% after posting GAAP per share loss 21 cents per share. According to Refinitiv, the company reported revenue of $65.0 million, well above the $64.8 million estimate.

Honeywell Honeywell shares fell more than 1% after Bank of America downgraded the stock to neutral to buy. The company also cut its share price target. Bank of America said supply chain issues and inflationary pressures will weigh on Honeywell’s revenue and profit margin in the first half of 2022.

Robin Hood hero – Shares of the popular trading app every year have increased less than 1% after the company said they were looking for terminate the resale of common stock by some of the original investors.

– with reporting from CNBC’s Hannah Miao, Pippa Stevens and Yun Li.

https://www.cnbc.com/2021/12/08/stocks-making-the-biggest-moves-midday-stitch-fix-roku-norwegian-cruise-line-and-more.html Stitch Fix, Roku, Norwegian Cruise Line and more

Sarah Ridley

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