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Midday Movers: Walmart, Bed Bath & Beyond, Snowflake and More

By Liz Moyer

Investing.com -- U.S. stocks wobbled on Tuesday as retail earnings and housing data poured out. Here are the midday movers for Aug. 16:

  • Walmart Inc (NYSE:WMT) shares rose 5% after the biggest U.S. retailer posted better than expected results. Home Depot (NYSE:HD) also rose 5% after maintaining its outlook for the year as same-store sales beat expectations.
  • Bed Bath&Beyond Inc (NASDAQ:BBBY) shares jumped as much as 70% in frenzied meme-stock trading. The struggling retailer has been a hot topic of conversation among the traders that use the Reddit forum WallStreetBets.
  • Snowflake Inc (NYSE:SNOW) shares fell 4.7% after UBS cut its rating to neutral from buy because of valuation. The stock has rallied 50% since June.
  • Ziprecruiter Inc (NYSE:ZIP) shares fell 4.8% after reporting better than expected results. The company said companies are holding back on job listings and it updated its full-year outlook.
  • Zoom Video Communications Inc (NASDAQ:ZM) shares fell 4.6% after Citi cut its rating to sell from neutral, citing heightened competition and macroeconomic challenges.

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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.