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Midday movers: EVgo, Bed Bath & Beyond, Roku and more

By Liz Moyer

Investing.com -- Stocks were rising as tech tries to lift the blue chips as bank fears fade. Here are the midday movers for March 30.

  • EVgo Inc (NASDAQ:EVGO) shares rose 24% after the operator of fast-charging stations for electric vehicles reported better-than-expected revenue for the fourth quarter.
  • Bed Bath&Beyond Inc (NASDAQ:BBBY) shares fell 24% after the struggling home goods retailer provided disappointing preliminary numbers and announced plans to sell $300 million of common shares as it tries to avoid bankruptcy.

  • Roku Inc (NASDAQ:ROKU) shares fell 4.4% after the streaming platform said it would cut 200 jobs or about 6% of its workforce and exit some of its office space.

  • Starbucks Corporation (NASDAQ:SBUX) shares rose 0.2% after shareholders of the coffee retailer voted to approve a proxy measure that calls on it to get an independent report on its commitment to worker rights.

  • Charles Schwab Corp (NYSE:SCHW) shares fell 5% after Morgan Stanley downgraded the brokerage firm to Equal-weight from Overweight citing uncertainty. Customers are moving money from its sweep accounts into money market funds.

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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.