{"id":1181,"date":"2025-05-08T17:43:05","date_gmt":"2025-05-08T17:43:05","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/stocks-making-the-biggest-moves-midday-app-cvna-meli-crox\/"},"modified":"2025-05-08T17:43:05","modified_gmt":"2025-05-08T17:43:05","slug":"stocks-making-the-biggest-moves-midday-app-cvna-meli-crox","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/stocks-making-the-biggest-moves-midday-app-cvna-meli-crox\/","title":{"rendered":"Stocks making the biggest moves midday: APP, CVNA, MELI, CROX"},"content":{"rendered":"\n<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines in midday trading. AppLovin \u2014 The mobile ad tech company jumped 12% after first-quarter results that beat analyst expectations. AppLovin also announced it would sell its mobile gaming business in a $400 million deal. Carvana \u2014 Shares jumped more than 11% after the online used car marketplace posted better-than-expected first-quarter results . Arm Holdings \u2014 U.S.-listed shares of the British chip designer fell 5% after the company provided disappointing guidance for the current quarter . That overshadowed fiscal fourth-quarter earnings and revenue that beat expectations. Kenvue \u2014 The consumer health stock gained more than 4% on the heels of the company&#8217;s better-than-expected results for the first quarter. Adjusted earnings came in at 24 cents per share, above the 23 cents that analysts polled by FactSet were expecting. The company&#8217;s revenue of $3.74 billion also beat the consensus estimate of $3.68 billion. MercadoLibre \u2014 U.S.-listed shares of the Uruguay-based e-commerce and payments firm advanced more than 7% following the company&#8217;s first-quarter results. MercadoLibre earned $9.74 per share on revenue of $5.94 billion. Analysts polled by FactSet expected a profit of $8.27 per share on revenue of $5.47 billion. Cleveland-Cliffs \u2014 Shares of the steelmaker plunged 15.8% after its first-quarter results missed analyst estimates. The company lost 92 cents per share, excluding items, while analysts polled by FactSet called for a loss of 82 cents per share. Revenue also fell short of expectations. Fortinet \u2014 The cybersecurity company pulled back nearly 8% on lackluster full-year guidance. The company sees adjusted earnings are expected to come in between $2.43 and $2.49 per share. The midpoint of that range coming in just below the LSEG consensus estimate of $2.47 per share. Peloton \u2014 The digital workout company dipped more than 4% after posting a steeper-than-anticipated loss for the first quarter. Peloton lost 12 cents per share, while analysts polled by LSEG expected a loss of 6 cents per share. Crocs \u2014 The footwear company soared 10% after it reported upbeat earnings and revenue for the first quarter. However, the company announced it was withdrawing its full-year guidance &#8221; due to macroeconomic uncertainties stemming from global trade policies .&#8221; Drug stocks \u2014 Shares of key drugmakers tumbled after Politico, citing people familiar with the matter, reported that President Donald Trump was planning to pursue a Medicare price plan that would slash drug costs. Eli Lilly and Regeneron fell 3.6% and 2.6%, respectively, while AbbVie shed 1.6%. Amgen and Bristol Myers also moved more than 1% lower. Shopify \u2014 The commerce technology platform slid nearly 2% after the company&#8217;s adjusted operating income came in below analyst expectations. Warner Bros. Discovery \u2014 The media conglomerate&#8217;s stock popped nearly 5% after CNBC&#8217;s David Faber reported, citing sources, that the company was considering separating its linear networks from cable. \u2014 CNBC&#8217;s Alex Harring, Hakyung Kim and Lisa Kailai Han contributed reporting.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines in midday trading. AppLovin \u2014 The mobile ad tech company jumped 12% after first-quarter results that beat analyst expectations. AppLovin also announced it would sell its mobile gaming business in a $400 million deal. Carvana \u2014 Shares jumped more than 11% after the online used car marketplace posted better-than-expected [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[204,193,926,924,192,925,195,194,191],"class_list":["post-1181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-app","tag-biggest","tag-crox","tag-cvna","tag-making","tag-meli","tag-midday","tag-moves","tag-stocks"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1181"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1182"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}