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Midday Movers: Novavax, Robinhood Markets, Royal Caribbean and More

Stock Markets Sep 22, 2022 02:06PM ET
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By Liz Moyer

Investing.com -- U.S. stocks fell on Thursday as investors continued to digest the Federal Reserve's latest policy statement. Here are the midday movers for Sept. 22:

  • Novavax Inc (NASDAQ:NVAX) shares fell 14% after a downgrade by JPMorgan to underweight from neutral as interest in obtaining Covid-19 vaccines fades.
  • Robinhood Markets Inc (NASDAQ:HOOD) shares fell 1.7% after a report that securities regulators aren't going to ban the practice of receiving payments from hedge funds or other trading institutions for directing orders their way, though rules could be tweaked to make it less profitable.
  • Royal Caribbean Cruises Ltd (NYSE:RCL) stock rose 1.7% after it said bookings for travel were far outpacing trends even before the pandemic.
  • Lennar Corporation (NYSE:LEN) stock rose 2.9% after beating expectations, though noting that orders for homes were lower as the housing market cooled off this summer. Fellow home builder KB Home (NYSE:KBH) also beat expectations but said orders fell 50%, and its shares fell 3.6%.
  • Salesforce Inc (NYSE:CRM) shares rose 1.6% after the software as a service provider projected 2026 revenue of $50 billion. It said fiscal 2023 revenue could be up to $31 billion.
Midday Movers: Novavax, Robinhood Markets, Royal Caribbean and More
 

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