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Midday Movers: Pinterest, Uber Technologies, JetBlue and More

By Liz Moyer

Investing.com -- U.S. stocks wobbled on Tuesday, but tech stocks tried to stage a rally midday. Here are the midday movers for Aug. 2:

  • Pinterest Inc (NYSE:PINS) shares jumped after hours on Monday and continued to climb Tuesday, up 11% after activist investor Elliott Management said it was the social media company's biggest shareholder. 

  • Uber Technologies Inc (NYSE:UBER) stock rose 16% after stronger than expected revenue for the last quarter and a 33% surge in bookings. A loss per share was attributed to declines in the value of investments such as Aurora, Grab and Zomato.
  • JetBlue Airways Corp (NASDAQ:JBLU) shares fell more than 6% after a disappointing second quarter as higher fuel costs and labor shortages weighed on results. The carrier, which recently won its battle to buy Spirit Airlines (NYSE:SAVE), still said it's on track to be profitable for the second half of this year.
  • BP PLC ADR (NYSE:BP) shares rose 1.7% after the major oil producer reported record second quarter profits that beat expectations amid soaring fuel prices. 
  • Molson Coors Brewing Co (NYSE:TAP) shares fell nearly 10% after the brewer reported softening beer sales as some inflation-pinched consumers are trading higher-priced brands for cheaper labels.

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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.