Here’s a look at the companies making headlines in midday trading: Tesla — The electric car stock rose nearly 7%, continuing its gains after Donald Trump won a second term as president. The Elon Musk-led company’s market value rose to $1 trillion on Friday. Shares are up more than 26% this week. Trump Media & Technology — Shares of Trump’s social media company rose 12% after he said he did not plan to sell his nearly $3 billion stake. Under 50% Off – Shares of the discount retailer fell more than 4% as the impact of Trump’s potential tariffs on Chinese imports continued to weigh on the stock. Upstart — The lending platform’s shares soared more than 46% after it posted a better-than-expected revenue forecast for the current quarter, with third-quarter revenue and profit exceeding analysts’ expectations. Pinterest — Shares of Pinterest fell 16% after the image-sharing platform issued a lower-than-expected revenue outlook for the current quarter. Block, the parent company of Cash App, reported third-quarter revenue of $5.98 billion lower than expected, and its stock price fell more than 4.5%. Analysts expected LSEG to post revenue of $6.24 billion. Airbnb — Shares fell more than 8% after the homestay company reported mixed quarterly results. Airbnb beat revenue expectations but earnings came in slightly below expectations. DraftKings — Shares of DraftKings rose 1% despite the sportsbook reporting weaker-than-expected third-quarter earnings and a disappointing revenue outlook for the current quarter. Toast — The restaurant management company expects adjusted EBITDA in the range of $90 million to $100 million for the quarter and shares rose 13%. Analysts expected LSEG’s guidance to be around $74.8 million. Arista Networks — Shares of the computer networking company fell 7% despite third-quarter results that beat analysts’ expectations. Arista also announced a four-for-one stock split. Lucid Group — Shares of Lucid Group fell more than 4% despite the electric car maker reporting better-than-expected third-quarter results. The company reported an adjusted loss of 28 cents per share on revenue of $200 million. Analysts expected a loss of 30 cents per share on revenue of $198 million, according to LSEG. Still, Lucid’s net loss widened during the period, reaching $992.5 million, compared with $630.9 million in the same period last year. Capri Holdings — The fashion holding company’s shares fell more than 10% after its fiscal second-quarter profit and revenue fell short of expectations. Capri reported adjusted earnings of 65 cents per share on revenue of $1.08 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of 75 cents per share on $1.18 billion. Monster Beverage — The energy drink company reported worse-than-expected third-quarter results, sending its shares down 2.1%. Monster earned 40 cents a share, excluding items, on revenue of $1.88 billion, while analysts polled by FactSet forecast earnings of 43 cents a share on revenue of $1.91 billion. Affirm Holdings – Shares of Affirm Holdings fell more than 10% even as the buy now, pay later company reported better-than-expected first-quarter revenue and profit. BioNTech — The German biotech company gained nearly 5% after Goldman Sachs upgraded its stock rating to “buy” from “neutral”, citing upside potential from new cancer treatments. Bath & Body Works — Shares of Bath & Body Works fell nearly 6% after Barclays downgraded the retailer to equal weight from overweight on concerns that sales and margins could be squeezed in 2025. Alex Harring and Sean Conlon contributed reporting.
