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Tesla, Home Depot, AMC and others



Here are the stocks that make the biggest moves in the lunch trade.

Tesla – Shares of the electric vehicle company slipped more than 5% during a volatile trading day, which at one point saw a drop in shares of more than 12%. The lower leg follows big losses on Monday, and shares are now down more than 10% for the week as investors withdraw from high-tech names.

Home Depot – The trader surpassed the forecasts for the top and bottom in the fourth quarter, but shares fell more than 4% on Tuesday after the company did not issue guidelines for 2021. Home Depot earned $ 2.65 per share on earnings of 32, $ 26 billion, compared to an expected $ 2.62 per share and $ 30.73 billion in revenue, according to estimates by Refinitiv. Sales at the same store in the US jumped 25%.

AMC Entertainment – Shares of the movie theaters jumped more than 10% on Tuesday after New York Governor Andrew Cuomo announced that New York movie theaters could open with limited capacity next month.

Churchill Capital IV – Shares of the special-purpose acquisition fell more than 30% after Churchill announced it would merge with Lucid Motors, an early-generation electric vehicle company. A possible deal between the two companies was announced earlier. The companies also confirmed a delay in Lucid’s car production.

Dish Network – The television company’s shares lost more than 5% after research company Pivotal downgraded the shares to hold the purchase. Pivotal said investors need to be patient while waiting to see how Dish’s wireless business works.

Occidental Petroleum – Energy reserves fell by about 2% after Occidental’s fourth-quarter results missed upper and lower estimates. The company reported a loss of 78 cents per share on revenue of $ 4.16 billion. Analysts polled by Refinitiv expected a loss of 59 cents per share on revenue of 4.37 billion dollars.

Shopify – Ecommerce shares lost more than 7% after Shopify finalized its offering of Class A shares. The company valued 1.18 million shares at $ 1,315 per share, resulting in gross revenue of $ 1.55 billion.

Carnival – The cruise stock fell nearly 1% on Tuesday after the company announced a new offering of shares. The company sells approximately 40.5 million shares at $ 25.10 per share. Carnival said it would use the proceeds for general corporate purposes.

ZoomInfo – Shares of the marketing software company rose 7% after ZoomInfo’s fourth-quarter earnings exceeded expectations. During the period, the company earned an adjusted 12 cents per share, while analysts surveyed by Refinitiv expected 10 cents per share. ZoomInfo’s future revenue guidelines were also stronger than expected.

RealReal – Shares on the luxury consignment platform fell more than 16% after a larger-than-expected quarterly loss. RealReal lost an adjusted 49 cents per share for the fourth quarter, against an estimate of 42 percent loss. His income is also below expectations. Raymond James downgraded the stock after the earnings report came on the market with a higher rating, saying that the recovery is already at a price.

Spotify – Shares of the music streaming company fell more than 8% after Atlantic Equities downgraded the shares to neutral from overweight ratings. The company cites shares of Spotify, which have more than doubled in the last 12 months, trading with more than five times forward earnings. Meanwhile, there are fewer catalysts to raise stocks as Spotify shifts its focus from mergers and acquisitions to manufacturing.


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