Midday Movers: PepsiCo, Norwegian Cruise, Uber Technologies and More

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Midday Movers: PepsiCo, Norwegian Cruise, Uber Technologies and More
Credit: © Reuters.

By Liz Moyer

Investing.com -- Stocks paused while investors digested the minutes of the Federal Reserve's meeting in September. Here are the market movers for Oct.12:

  • PepsiCo Inc (NASDAQ: PEP ) stock rose 3.9% after the beverage and snack maker raised its outlook for the year and beat expectations on revenue and profit, saying it was successfully able to raise prices.

  • Norwegian Cruise Line Holdings Ltd (NYSE: NCLH ) shares jumped 9.2% after UBS upgraded it to buy, citing stronger booking trends in the quarter. Carnival Corporation (NYSE: CCL ) also rose 8.5%.

  • Uber Technologies Inc (NYSE: UBER ) shares rebounded slightly, rising 4% after falling more than 10% on Tuesday, when the Labor department proposed rules that could reclassify gig workers as employees. LYFT Inc (NASDAQ: LYFT ) shares, which also fell on Tuesday, were up 7% today.

  • Moderna Inc (NASDAQ: MRNA ) shares rose 8% after the Food and Drug Administration gave the go-ahead for Covid-19 booster shots in children as young as 5. Moderna is also working with Merck (NS: PROR ) on a cancer vaccine. Shares of rival Covid vaccine maker Pfizer Inc (NYSE: PFE ) were up 0.8%.

  • Koninklijke Philips (NYSE: PHG ) (AS: PHG ) shares fell 12% after the Dutch health tech company said supply chain issues were weighing on sales. It wrote down $1.3 billion of the value of its sleep apnea business.

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