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Midday Movers: Match Group, CVS Health, Moderna and More

By Liz Moyer

Investing.com -- U.S. stocks surged on Wednesday on stronger than expected data about services activity in July. Here are the midday movers for Aug. 3:

  • Match Group Inc (NASDAQ:MTCH) stock tumbled 17% on Wednesday after missing expectations, ending a dating-in-the-metaverse project, and announcing the departure of Tinder's CEO.

  • CVS Health Corp (NYSE:CVS) shares rose 5.5% after the drug store chain and health insurer said same-store sales rose 8% on the strength of sales of Covid-19 rapid tests.
  • Moderna Inc (NASDAQ:MRNA) shares jumped 16% after beating expectations and announcing a $3 billion share buyback program.
  • PayPal Holdings Inc (NASDAQ:PYPL) shares rose 9% after the digital payments firm announced a $15 billion share buyback and confirmed the activist investor Elliott Management had taken a $2 billion stake.
  • Starbucks Corporation (NASDAQ:SBUX) stock rose 4.5% after beating expectations for the last quarter, with U.S. sales rising 9% and same-store sales in the U.S. rising 3%.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.