Business & Investment

DocuSign, Didi, Nvidia, Tesla, etc.

A vehicle-calling giant’s Didi logo on a building in Hangzhou, eastern Zhejiang, China.

STR | AFP | Getty Images

Check out the companies that make headlines for trading at noon.

DocuSign — Software inventories plummeted 40% after the company released its fourth-quarter sales guidance. Lower than analysts expected.. DocuSign provided a range of $ 557 million to $ 563 million, while the analysts surveyed by Refinitiv expected $ 573.8 million.

Asana — Despite better than expected Q3 results, the share of the work management platform fell 26%. According to StreetAccount, Asana recorded an adjusted loss of 23 cents per share. This was narrower than the analyst’s estimated loss of 27 cents per share.

OLAP Bargain Outlet — The share of discounted retail chains fell 20% after Ollie missed top and bottom quotes in the third quarter. NaCl’s said supply chain issues undermine the consequences. Earnings and earnings guidance were also weaker than expected.

Didi — China’s ride-hailing service giant’s share fell 16% after the company announced its plans Delisted from the New York Stock Exchange “Immediately” as Beijing cracks down on overseas listings. The company said it would seek listing in Hong Kong instead. Diddy said US stocks will be converted to “freely tradeable stocks” on another international exchange.

Marvell Technology — Chipmaker shares surged 18% after reporting quarterly results that exceeded top-line and bottom-line estimates. Marvel’s adjusted revenue was $ 1.21 billion, 43 cents per share, while the analysts surveyed by Refinitiv expected $ 1.15 billion in revenue, 39 cents per share. rice field.

Nvidia — Chipmaker stocks have fallen 5% as chip designer Arm’s planned $ 40 billion acquisition is increasingly seen. Unlikely to pass.. The deal was due to close in March, but is facing more and more regulatory investigations around the world.

Big Lots — The retailer reported a 5.9% rise in stock prices after reporting a narrower-than-expected loss per share of 14 cents per share in the third quarter compared to analysts’ forecast of 16 cents. confirmed. Big Lots also exceeded earnings expectations, bringing in $ 1.34 billion, compared to an estimated $ 1.32 billion, according to the StreetAccount.

Peloton — Home exercise company stocks fell more than 4%, regaining previous profits backed by Deutsche Bank. Start stock coverage with purchase rating.. According to the company, it was a “tough ride in 2021”, but in the end it “rewards patience.” From a basic point of view, Deutsche Bank believes that Peloton can still be profitable in a fully reopened economic environment.

Zillow — Digital real estate company stocks surged 8% after announcing that they were selling or selling about half of the homes they bought for the home flipping business, which they announced would close in early November. According to Bloomberg, Zillow announced plans to buy back up to $ 750 million in shares on Thursday. This is about 5.5% of the current market capitalization.

Tesla — Tesla shares fell more than 6% after CEO Elon Musk sold another $ 1 billion in Tesla shares. Recent stock sale of $ 10.9 billion..

— CNBC’s Jesse Pound, Pippa Stevens and Yun Li contributed to the report

DocuSign, Didi, Nvidia, Tesla, etc.

https://www.cnbc.com/2021/12/03/stocks-making-the-biggest-moves-midday-docusign-didi-nvidia-tesla-and-more.html DocuSign, Didi, Nvidia, Tesla, etc.

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