Midday Stock Movers: Roku, Activision Blizzard, Global Payments

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Midday Stock Movers: Roku, Activision Blizzard, Global Payments

By Sam Boughedda

Investing.com -- U.S. stocks are trading mixed Monday midday, with the Dow and S&P 500 down and the Nasdaq up by just 0.04%. Here are the midday movers on May 2nd. 

Roku Inc (NASDAQ: ROKU ) stock is up more than 6.8% Monday. The company revealed that the Apple Music app is now available on the Roku platform. In addition, last week, Roku reported earnings that beat analyst expectations.

Global Payments (NYSE: GPN ) has fallen over 12% after it reported earnings before the bell. The company beat earnings expectations, but revenue came in at $1.95 billion, just under the $1.96 billion forecasted by analysts polled by Investing.com.

Activision Blizzard (NASDAQ: ATVI ) is up just under 3% on the news that Warren Buffett revealed Berkshire Hathaway (NYSE: BRKa ) had increased its stake in the video game firm.

Chinese EV makers Nio (NYSE: NIO ), Xpeng (NYSE: XPEV ), and Li Auto (NASDAQ: LI ) are all trading higher around midday, despite reporting lower delivery numbers in April due to supply chain issues resulting from Covid-related lockdowns in China.

Amazon.com (NASDAQ: AMZN ) is down over 3%, adding to last week's earnings-related decline. On Monday, the tech powerhouse was also removed from Wedbush's 'Best Ideas List.'

Nikola Corp (NASDAQ: NKLA ) announced that an institutional investor has agreed to make a $200 million investment in the company via the purchase of convertible senior notes. Nikola shares have declined 5.1%.

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