Stock Market

In this article

Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021.
Robert Nickelsberg | Getty Images

Check out the companies making headlines in midday trading. 

Coinbase — Shares of the crypto exchange fell 6.9% on Tuesday as digital currencies came under pressure. The price of bitcoin and ethereum were each down by about 5% in midday trading.

Boeing — Shares of Boeing rose 1.5% to lead the Dow Jones Industrial Average. Indonesia on Tuesday lifted a ban on Boeing’s 737 Max, two years after the aircraft’s deadly crash in the country. Ethiopian Airlines also plans to resume flying the 737 Max in February.

Carnival, United Airlines — Shares of travel related stocks rebounded Tuesday after struggling Monday amid Covid-related disruptions to the industries. Cruise line Carnival rallied 1.2%. United Airlines added 1.9%, American Airlines gained 1.6% and Delta Air Lines rose 1.5%.

Vipshop Holdings — The China-based e-commerce company’s stock fell 5% after it cut its current quarter revenue guidance. Meanwhile, Jefferies said warmer weather and an increase in Covid-19 cases likely dented consumer demand for Vipshop.

Vista Outdoor — Shares of the shooting sports company jumped 3.7% after it announced the acquisition of hunting-gear manufacturer Stone Glacier.

Digital Turbine — The software stock rose less than 1% after the company announced a multiyear strategic partnership with Google. The company said the deal will accelerate its product and growth strategy to support the Android ecosystem.

— CNBC’s Hannah Miao and Jesse Pound contributed reporting.

Articles You May Like

Cyber event cited in Palomar Health ratings falling further into junk territory
Record $600bn pours into global bond funds in 2024
Starboard sees an opportunity to create value at Riot Platforms amid growth in hyperscalers
Common reserve bond funds spurring investment
San Francisco loses second triple-A rating