Midday movers: Nike, Carnival, Blue Apron and more

Investing.com -- Stocks reversed course, erasing earlier gains, as the three major index look to close out the month and quarter on a down note.

Here are the stocks making moves on Friday.

• Nike (NYSE:NKE) stock surged 6.5% after the athletic apparel maker reported much better than expected fiscal first-quarter earnings that overshadowed a miss on revenue, pressured by weakness in North America and an economic slowdown in its key China market.
• Carnival Corporation (NYSE:CCL) shares fell 6.9% after the cruise operator forecast adjusted fourth quarter earnings before interest, taxes, depreciation and amortization of $800 million to $900 million, after beating estimates for the third quarter.
• Blue Apron (NASDAQ:APRN) shares soared by more than 130% after the meal kit firm announced that it had agreed to be acquired by food delivery business Wonder Group in an all-stock deal worth $103 million.
• Under Armour Inc A (NYSE:UAA)shares rose 3.8%, buoyed by the better-than-anticipated quarterly profit figures from peer Nike.
• Ball Corp . (NYSE:BALL) shares rose 3.7% after analysts at Jefferies raised their rating of the soda-can maker to buy, citing in part a re-acceleration in free cash flow.
• Brinker International (NYSE:EAT) stock rose 3% after analysts at Stifel upgraded their rating of the Chili's parent to buy from hold.
• Bumble (NASDAQ:BMBL) stock gained 3.2% after analysts at Loop Capital Markets improved their rating to buy, saying the dating application's cash balance is strong.