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Midday Stock Movers: Twitter, Robinhood, Duolingo

Stock Markets May 13, 2022 11:55AM ET
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By Sam Boughedda

Investing.com -- US equities are firmly higher Friday with the Nasdaq up around 3.7% at lunchtime. Here are your midday movers on May 13th:

  • Twitter (NYSE:TWTR) has regained some of its earlier losses, now trading 7.5% lower. The social media giant's stock tumbled earlier today after Elon Musk tweeted that his deal to acquire the company was temporarily on hold, pending details on the number of spam and bot accounts on the platform. 
  • Robinhood Markets (NASDAQ:HOOD) is now up 25% from Thursday's close after it was revealed that FTX CEO Sam Bankman-Fried acquired a 7.6% stake in the brokerage. 
  • Duolingo (NASDAQ:DUOL) has surged 38% on the back of record quarterly bookings. The language learning company beat earnings and revenue estimates, with total bookings rising 55% year-over-year. 
  • Figs Inc (NYSE:FIGS) is down 26% midday after it missed top and bottom-line estimates and issued guidance below Wall Street expectations. 
  • Poshmark (NASDAQ:POSH) beat analyst expectations when it reported aftermarket Thursday. The company posted a loss per share of $0.18 on revenue of $90.9 million, with Active Buyers reaching a record 7.8 million, sending the stock 23% higher Friday.
  • Xponential Fitness (NYSE:XPOF) is down 8.6%, clawing back some of its earlier losses after posting an unexpected loss for the first quarter. Revenue grew 73%, beating forecasts. 
Midday Stock Movers: Twitter, Robinhood, Duolingo
 

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