Midday Movers: Walmart, Bed Bath & Beyond, Snowflake and More

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Midday Movers: Walmart, Bed Bath & Beyond, Snowflake and More
Credit: © Reuters.

By Liz Moyer

Investing.com -- U.S. stocks wobbled on Tuesday as retail earnings and housing data poured out. Here are the midday movers for Aug. 16:

  • Walmart Inc (NYSE: WMT ) shares rose 5% after the biggest U.S. retailer posted better than expected results . Home Depot (NYSE: HD ) also rose 5% after maintaining its outlook for the year as same-store sales beat expectations.
  • Bed Bath & Beyond Inc (NASDAQ: BBBY ) shares jumped as much as 70% in frenzied meme-stock trading. The struggling retailer has been a hot topic of conversation among the traders that use the Reddit forum WallStreetBets.
  • Snowflake Inc (NYSE: SNOW ) shares fell 4.7% after UBS cut its rating to neutral from buy because of valuation. The stock has rallied 50% since June.
  • Ziprecruiter Inc (NYSE: ZIP ) shares fell 4.8% after reporting better than expected results . The company said companies are holding back on job listings and it updated its full-year outlook.
  • Zoom Video Communications Inc (NASDAQ: ZM ) shares fell 4.6% after Citi cut its rating to sell from neutral, citing heightened competition and macroeconomic challenges.

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