A Tesla dealership is seen in West Drayton, just outside London, UK, on February 7, 2018.
Hannah McKay | Reuters
Learn about the companies making headlines in mid-day trading.
Tesla – UBS. Shares rose nearly 2.2 percent after Upgraded Electric Vehicle Stock to Buy from Neutral, The firm said Tesla’s pullback this year provides an “attractive entry point” for investors. “We believe the operational outlook is stronger than ever,” UBS said.
Signet Jewelers — Jewelery retailer shares rise nearly 9% after company posted quarterly profit and revenue beat analysts’ estimates and issued an upbeat forecast for the year. Signet increased its share repurchase authorization to $500 million.
five down — The discount retailer’s stock declined 2.9% in the most recent quarter, with earnings down marginally but revenue down. Five down cut guidance for the year.
NIO – Nio’s stock fell 7% Chinese electric vehicle maker’s most recent quarterly earnings report, The company, which struggled during China’s Covid-19 lockdown and is unlikely to recover until the third quarter, is facing a margin squeeze, CEO William Bin Lee said during an earnings call.
novavax – Shares of the drug maker fell 16% On news that FDA may postpone decision on Novavax’s COVID-19 vaccine, A spokesperson told CNBC that the FDA needs to evaluate changes to the drugmaker’s manufacturing process.
skillsoft Skillsoft stock fell 16% after the learning platform posted its quarterly results. The company reported lower-than-analysts losses, but posted revenue that fell below analysts’ expectations.
— CNBC’s Tanaya Machiel and Hannah Miao contributed reporting.