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Midday movers: Beyond Meat, Boeing, Carvana and more

By Liz Moyer

Investing.com -- Stocks were falling on Friday after hotter-than-expected data on inflation raised new interest rate fears. Here are the midday movers for Feb. 24.

  • Beyond Meat Inc (NASDAQ:BYND) shares rose 11% after the fake meat maker posted a narrower-than-expected loss and gave an outlook that was better than expected, though sales fell in the fourth quarter. 
  • Boeing Co (NYSE:BA) shares fell 4.6% after the plane maker suspended deliveries of its 787 Dreamliner, largely due to a documentation issue. It said it would pause deliveries while it completes the requisite analysis and documentation.

  • Carvana Co (NYSE:CVNA) shares fell 20% after the used car seller reported a wider-than-expected fourth-quarter loss. The company known for its auto vending machines announced a plan to cut $1 billion in expenses over the next six months as demand for used cars slows.

  • Adobe Systems Incorporated (NASDAQ:ADBE) shares were down 7.3% after a report that the Justice Department was preparing to sue to block its $20B acquisition of Figma, a design software maker.

  • Live Nation Entertainment Inc (NYSE:LYV) shares fell 9.1% after the Ticketmaster parent company beat expectations for fourth-quarter revenue, which rose 59% from a year earlier. The company is under scrutiny for a botched sale of Taylor Swift concert tickets.

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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.