Stocks making the biggest moves midday: Datadog, Re/Max, Planet Fitness, Tripadvisor and more

by | Nov 7, 2023 | Financial

Here are some of the companies making the biggest moves in midday trading. Datadog — The cloud stock soared nearly 30% after the company reported a third-quarter earnings and revenue beat before the bell. Adjusted earnings per share came in at 45 cents, versus the 34 cents expected from analysts polled by StreetAccount. Revenue was $547.5 million, topping the $524.7 million expected. Datadog’s guidance for both earnings per share and revenue for the fourth quarter and the full year also exceeded expectations. Re/Max — The brokerage firm’s stock tumbled 9.8% after being downgraded by Morgan Stanley to underweight from equal weight. On Monday, the firm warned Re/Max could be at increased risk of litigation and expensive settlements after a jury found the National Association of Realtors and some large residential brokerages liable for $1.78 billion in damages for conspiring to keep commissions high. Re/Max had settled the suit for $55 million prior to the trial. Planet Fitness — Shares rallied 12.4% after the gym chain topped expectations for both earnings and revenue for the third quarter. Planet Fitness also raised its outlook for the year, anticipating earnings per share growth of 35% year over year. Analysts polled by StreetAccount had estimated 32.4% profit growth. Vivid Seats — The online ticket marketplace popped 6.2%. Vivid Seats beat analysts’ expectatio …

Article Attribution | Read More at Article Source

Share This