© Reuters
By Sam Boughedda
Investing.com — U.S. equities are marching lower once again Thursday, with the down more than 1%. Here are your midday movers on May 12th.
- Rivian Automotive (NASDAQ:) is up 17%. Shares have jumped despite posting a quarterly loss and revenue that missed expectations.
- Lordstown Motors (NASDAQ:) has surged 56% after it revealed it has completed a deal to sell certain assets to Foxconn. The deal will see Lordstown raise the funds needed to begin production of its Endurance pickup truck.
- Despite posting weaker than expected earlier this week and analysts cutting price targets Thursday, Roblox (NYSE:) is up over 20% midday Thursday.
- Beyond Meat (NASDAQ:) initially plummeted Thursday, hitting a new low of $20.50 after reporting a larger than expected and revenue that missed analyst expectations. However, the stock has regained those losses and more, trading 8% higher midday.
- Tapestry Inc (NYSE:) is trading more than 16% above Wednesday’s close after it before the open today, beating earnings and revenue estimates.
- After Wednesday’s 37% decline following its , Unity Software (NYSE:) shares are rising, up 17% midday Thursday. The company said Apple’s (NASDAQ:) privacy changes were a drag on the performance in its latest quarter.
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