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Midday Movers: World Wrestling Entertainment, Weber, Tesla and More

By Liz Moyer

Investing.com -- U.S. stocks struggled to find their footing on Monday ahead of earnings reports and a big week of economic data. Here are the midday movers for July 25:

  • World Wrestling Entertainment Inc (NYSE:WWE) shares jumped more than 7% after CEO Vince McMahon's departure fueled speculation the company could be sold.

  • Weber Inc (NYSE:WEBR) shares fell 13.7% after the outdoor grill maker said its CEO was leaving and warned about sales for the third quarter, saying inflation, supply chain issues, devaluated foreign currency and lower foot traffic would affect results.

  • Tesla Inc (NASDAQ:TSLA) shares dipped 0.7% after the electric vehicle maker said it made $64 million on bitcoin sales during the first half of the year.

  • Twilio Inc (NYSE:TWLO) stock fell nearly 1% after the communications firm was cut to neutral from outperform by Macquarie.

  • Koninklijke Philips NV ADR (NYSE:PHG) stock fell nearly 7% after the company fell short of expectations and cut its full year sales growth estimate.

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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.