Midday Stock Movers: Beyond Meat, Lordstown Motors, Unity

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Midday Stock Movers: Beyond Meat, Lordstown Motors, Unity
Credit: © Reuters.

By Sam Boughedda

Investing.com -- U.S. equities are marching lower once again Thursday, with the Dow down more than 1%. Here are your midday movers on May 12th.

  • Rivian Automotive (NASDAQ: RIVN ) is up 17%. Shares have jumped despite posting a wider than expected quarterly loss and revenue that missed expectations. 
  • Lordstown Motors (NASDAQ: RIDE ) has surged 56% after it revealed it has completed a deal to sell certain assets to Foxconn. The deal will see Lordstown raise the funds needed to begin production of its Endurance pickup truck.
  • Despite posting weaker than expected results earlier this week and analysts cutting price targets Thursday, Roblox (NYSE: RBLX ) is up over 20% midday Thursday. 
  • Beyond Meat (NASDAQ: BYND ) initially plummeted Thursday, hitting a new low of $20.50 after reporting a larger than expected quarterly loss and revenue that missed analyst expectations. However, the stock has regained those losses and more, trading 8% higher midday. 
  • Tapestry Inc (NYSE: TPR ) is trading more than 16% above Wednesday's close after it reported earnings before the open today, beating earnings and revenue estimates. 
  • After Wednesday's 37% decline following its earnings release , Unity Software (NYSE: U ) shares are rising, up 17% midday Thursday. The company said Apple's (NASDAQ: AAPL ) privacy changes were a drag on the performance in its latest quarter.

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