Midday movers: Tesla, Bed Bath & Beyond, First Republic and more

  • Investing.com
  • Stock Market News
Midday movers: Tesla, Bed Bath & Beyond, First Republic and more
Credit: © Reuters.

Investing.com -- Stocks were falling on Monday as investors prepared for a big wave of big tech and other corporate earnings reports. Here are the market movers for April 24.

  • Tesla Inc (NASDAQ: TSLA ) shares fell 2.9% after the electric car maker said it would spend more than originally forecast this year to increase its output. It raised its forecast for capital expenditures to $7 billion to $9B from an earlier forecast for $6B to $8B.
  • Bed Bath & Beyond Inc (NASDAQ: BBBY ) shares fell 32.8% after the struggling home goods retailer filed for bankruptcy protection on Sunday. Efforts to raise cash by selling stock fell short of expectations.
  • First Republic Bank (NYSE: FRC ) shares rose 9% as the regional bank is scheduled to report earnings after tonight's closing bell. Investors will be listening to what the executives have to say about lending and deposit trends.
  • Walt Disney Company (NYSE: DIS ) shares dipped 0.6% after the Hollywood studio, theme park and media giant started another round of job cuts as it seeks to cut headcount by 7,000.
  • Getty Images Holdings Inc (NYSE: GETY ) shares jumped 36% after activist investor Trillium Capital offered to buy the outstanding shares it doesn't already own for $10 each, valuing the stock-photo platform at $3.95B.

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