Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Midday Movers: Pinduoduo, Bristol-Myers, Netflix and More

Published 08/29/2022, 01:19 PM
Updated 08/29/2022, 01:28 PM
© Reuters.
DOW
-
BMY
-
NFLX
-
META
-
PDD
-

By Liz Moyer

Investing.com -- U.S. stocks fell again after last week's remarks by Fed Chair Jerome Powell stoked rate fears. Here are the midday movers for Aug. 29:

  • Pinduoduo (NASDAQ:PDD) U.S.-listed shares jumped 17% after the Chinese e-commerce company reported strong earnings on improving consumer sentiment.
  • Bristol-Myers Squibb Company (NYSE:BMY) stock fell 5% after mixed phase 2 results from its secondary stroke treatment.
  • Netflix Inc (NASDAQ:NFLX) shares rose 1.2% on reports its ad-supported streaming tier will cost $7 to $9 a month.
  • Meta Platforms Inc (NASDAQ:META) shares fell 0.9% as part of a broad tech sector sell-off. The stock also moved after a report it settled a lawsuit that accused the Facebook parent of giving third parties access to private user data.
  • Dow Inc (NYSE:DOW) shares fell 2% after KeyBanc downgraded the stock, citing the possibility of an economic downturn in Europe that could hurt its business.

Latest comments

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.