Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Midday movers: Peloton Interactive, Electronic Arts, Match Group and more

AuthorLiz Moyer
Published 02/01/2023, 12:37 PM
Updated 02/01/2023, 12:47 PM
© Reuters

By Liz Moyer

Investing.com -- Stocks were lower on Wednesday ahead of the Federal Reserve's decision on interest rates and a press conference by Chair Jerome Powell. Here are the midday movers for Feb.1.

  • Peloton Interactive Inc (NASDAQ:PTON)stock jumped 18% after the CEO said results for the recent quarter could have marked a turning point for the connected fitness company. Subscription sales are now higher than sales of its bikes and other fitness products.
  • Electronic Arts Inc (NASDAQ:EA)shares fell 12% after the game developer said it was stopping development of two mobile games and would delay the release of its Star Wars game. 

  • Match Group Inc (NASDAQ:MTCH)stock fell 9% after the dating app firm, which owns Tinder and Hinge, missed expectations for fourth quarter profit and issued an outlook for the first half of this year that was also below expectations.

  • Advanced Micro Devices Inc (NASDAQ:AMD) stock rose 8% after the chip maker reported better than expected fourth quarter results as business in server processors and cloud computing helped overcome weakness in the PC business. 

  • Snap Inc (NYSE:SNAP)stock fell 13.9% after the social media app missed expectations for fourth quarter results and said it expects sales in the first quarter to dip. That was worrisome news for other ad-dependent internet companies, including Meta Platforms Inc (NASDAQ:META), which reports later today. Shares of Meta were up 0.3%.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.