Check out the companies that made headlines in midday trading: Tesla — The electric car stock rose nearly 7%, continuing its rally following Donald Trump’s second-term presidential victory. Elon Musk’s company saw its market capitalization rise to $1 trillion on Friday. The stock is up more than 26% this week. Trump Media & Technology — President Trump’s social media company rose 12% after the company said it had no plans to sell its nearly $3 billion stake. 5 Down — The discount retailer fell more than 4% as the impact of the Trump administration’s tariffs on Chinese imports continued to weigh on the stock. Upstart — The lending platform soared more than 46% after it beat analysts’ expectations for both third-quarter revenue and profit, as well as issuing better-than-expected revenue forecasts for the current quarter. Pinterest — Shares of the image-sharing platform fell 16% after the company announced lower-than-expected revenue guidance for the current quarter. Block — Cash App’s parent company fell more than 4.5% after third-quarter revenue of $5.98 billion fell short of expectations. Analysts had expected sales of $6.24 billion per LSEG. Airbnb — Shares fell more than 8% after the homestay company reported mixed quarterly results. Airbnb managed to beat revenue expectations, but profits were slightly lower than expected. DraftKings — Shares of the sports betting company rose 1% even as DraftKings reported lower-than-expected third-quarter profits and a disappointing revenue outlook for the current quarter. Toast — The restaurant management company rose 13% after it expected adjusted EBITDA for the current quarter to be between $90 million and $100 million. Analysts expect guidance to be approximately $74.8 million, according to LSEG. Arista Networks — The computer networking company’s stock fell 7% even though its third-quarter results beat analysts’ expectations. Arista also announced a 4-for-1 stock split. Lucid Group — Shares fell more than 4% even though the electric car maker reported better-than-expected third-quarter results. The company reported an adjusted loss of 28 cents per share on revenue of $200 million. Analysts had expected a loss of 30 cents per share on revenue of $198 million, according to LSEG. However, Lucid’s net loss widened in the period to $992.5 million compared to $630.9 million in the year-ago period. Capri Holdings — The fashion holding company fell more than 10% following a fiscal second-quarter earnings and sales miss. Capri reported adjusted earnings of 65 cents per share on revenue of $1.08 billion. Analysts polled by LSEG had expected earnings of 75 cents per share, or $1.18 billion. Monster Beverage — The energy drink company fell 2.1% after reporting weaker-than-expected third-quarter results. Monster earned 40 cents a share excluding items on revenue of $1.88 billion, compared with analysts’ estimates compiled by FactSet for earnings of 43 cents a share and revenue of $1.91 billion. Ta. Affirm Holdings — Shares fell more than 10% even though the buy now, pay later company reported better-than-expected first-quarter sales and bottom line results. BioNTech — The German biotech company rose nearly 5% after Goldman Sachs upgraded the stock from neutral to buy, citing positive news from new cancer drugs. Bath & Body Works — Shares fall nearly 6% after Barclays downgraded the retailer from overweight to equal weight on concerns that sales and margins could come under pressure in 2025 did. — CNBC’s Ha-Kyung Kim, Alex Harring and Sean Conlon contributed reporting.
Stocks with the biggest moves at midday: TSLA, ABNB, TOST, PINS
