By Liz Moyer
Investing.com -- Stocks were falling on Tuesday ahead of remarks by Federal Reserve Chair Jerome Powell. Here are the midday movers for Feb. 7.
- Bed Bath & Beyond Inc (NASDAQ:BBBY) shares were down 46% after the struggling home goods retailer announced plans to sell up to $1 billion in stock to raise cash. The company has said in recent weeks it is exploring strategic options, including a possible bankruptcy filing.
- Chegg Inc (NYSE:CHGG) shares fell 19% after the education technology company announced first quarter and full-year guidance that was below expectations.
Zoom Video Communications Inc (NASDAQ:ZM) shares jumped 7.8% after its said it was going to cut 15% of its workforce, or about 1,300 employees.
- Oak Street Health Inc (NYSE:OSH) stock jumped 31% after reports that CVS Health (NYSE:CVS) was nearing a deal to buy the operator of primary care centers for roughly $10B including debt.
Royal Caribbean Cruises Ltd (NYSE:RCL) shares rose 3.9% after the cruise operator reported a smaller than expected fourth quarter loss and strong bookings.