A Norwegian Gateway cruise ship departs from the port of Manhattan during sunset in New York City, United States, on April 10, 2022.
Tayfun Coskun | Anadolu Agency | Getty Pictures
Check out the companies making the biggest moves this afternoon:
Norwegian Cruise Ship — Shares fell more than 6% after the cruise ship operator reported it in a US filing. Securities and Exchange Commission It said it will report a net loss for the fourth quarter and full year of 2022 and the first quarter of 2023.
Charles Schwab — Bank stock plunges more than 6% after Bank of America dual rated shares to an underperforming rating, saying customers will continue to pour cash into alternatives such as money market funds.
Vornado Real Estate Trust — Shares of the real estate investment trust fell 3.3 percent. cut the quarter dividend From 53 cents to 37.5 cents per share. Vornado Realty, which owns commercial properties in cities such as New York and San Francisco, cited adjusted 2023 taxable income mainly due to Vornado’s higher interest exposure, along with the current state of the economy and capital markets.
roblox — Roblox shares tumbled 6% fall under the weight Rated by Morgan Stanley analysts. The upside movement of video game stock is limited after a strong December metric report, the bank said.
philip morris — Marlboro parent company gained 2.4% after Jefferies named the stock “”.recession resistant“
service now — Shares gained about 3% after Bank of America named its software stock a. best choice. The firm recorded “best-in-class growth”.
tesla — Shares of the electric vehicle maker fell more than 1% at midday. Kavalci Sandler reiterated the performance rating about the stock by saying that investors should “proactively” buy the shares. A day ago, CEO Elon Musk fraud case started On top of tweets he wrote about considering taking Tesla private, which caused the stock to rally in 2018.
alcoa — Shares of the aluminum company fell 4.6% on Thursday after the company announced its fourth-quarter results. Alcoa’s adjusted fourth-quarter loss was 70 cents per share, less than the expected 81 cents loss, according to StreetAccount. But the company’s adjusted EBITDA — a measure of profit that includes less expense than net income — missed estimates. Alcoa said it expects total alumina shipments to decline year-over-year in 2023.
Explore Financial Services — Down nearly 2% after the online bank increased provisions for loan losses and predicted higher net charge-off rates this year, a sign that customers are falling behind. Discover how to beat expectations for both earnings per share and quarterly income.
CureVac — Shares rose more than 9% after the biopharma company went bankrupt updated by UBS to buy neutral. The Wall Street firm said it saw a “big inflection point” in Phase 1 results for a flu treatment.
ford — Automaker stock fell 1.9% after lowering its price target by Evercore ISI, which said the automaker could struggle if a recession hits.
allstate — Stock fell 7% a day after the insurer announced preliminary fourth-quarter results, which included: estimated net loss Between $335 million and $385 million.
Northern Trust — Shares of the financial institution fell 10% after the company Reported fourth-quarter net income per diluted common share of 71 centsCompared to $1.91 in the fourth quarter of 2021. Revenue from trust and investment services came in at $1.04 billion, below the $1.05 billion StreetAccount had expected.
Comerica — Stocks rose roughly 6% after the financial services company beat profit expectations in its latest quarterly report. Comerica reported earnings of $2.58 per share, more than $2.55 per share expected by analysts surveyed by Refinitiv.
— CNBC’s Samantha Subin, Jesse Pound, Alex Harring, Sarah Min and Michael Bloom contributed to the reporting.
