Check out the companies making headlines in midday trading.
Coinbase — Shares of the crypto exchange fell nearly 7% on Tuesday as digital currencies came under pressure. The price of bitcoin and ethereum were each down by about 5% in midday trading.
Boeing — Shares of Boeing rose 1.5% to lead the Dow Jones Industrial Average. Indonesia on Tuesday lifted a ban on Boeing’s 737 Max, two years after the aircraft’s deadly crash in the country. Ethiopian Airlines also plans to resume flying the 737 Max in February.
Carnival, United Airlines — Shares of travel related stocks rebounded Tuesday after struggling Monday amid Covid-related disruptions to the industries. Cruise line Carnival rallied more than 1% before rolling over. United Airlines added 1.6%, American Airlines gained 2% and Delta Air Lines rose 1.6%.
Vipshop Holdings — The China-based e-commerce company’s stock fell over 5% after it cut its current quarter revenue guidance. Meanwhile, Jefferies said warmer weather and an increase in Covid-19 cases likely dented consumer demand for Vipshop.
Vista Outdoor — Shares of the shooting sports company jumped nearly 4% after it announced the acquisition of hunting-gear manufacturer Stone Glacier.
Digital Turbine — The software stock dipped 1.7% after the company announced a multiyear strategic partnership with Google. The company said the deal will accelerate its product and growth strategy to support the Android ecosystem.
— CNBC’s Hannah Miao and Jesse Pound contributed reporting.
Source: Finance - cnbc.com
