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Midday movers: Lyft, Expedia, Newell Brands and more

By Liz Moyer

Investing.com -- Stocks were mixed on Friday, with the tech-heavy Nasdaq falling more than 1% and on track to end lower for the week. Here are the midday movers for Feb. 10.

  • LYFT Inc (NASDAQ:LYFT) stock was down 36% after the ride-hailing company forecast first quarter revenue that was below expectations. It has been cutting prices because of competition and cited seasonality.
  • Expedia Inc (NASDAQ:EXPE) shares fell 8% after the travel booking site said results for the fourth quarter were adversely affected by severe weather. Demand was strong and getting stronger, it said.

  • Newell Brands Inc (NASDAQ:NWL) shares were down 2% after the maker of Rubbermaid said it expects a first quarter loss of 6 cents to 3 cents a share while analysts had forecast it would have a profit.

  • PayPal Holdings Inc (NASDAQ:PYPL) shares rose 1.7% after the payments company beat expectations for the recent quarter and forecast a stronger than expected profit for 2023. Its CEO Dan Schulman announced plans to retire this year.

  • Yelp Inc (NYSE:YELP) shares rose 4% after the review website forecast better than expected net revenue. Revenue for 2022 reached a record $1.2 billion.

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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.