Stocks making the biggest moves midday: Rivian, Cava, Rocket Lab, Amgen and more

by | Nov 13, 2024 | Financial

Check out the companies making headlines in midday trading: Charter Communications , Liberty Broadband — Cable operator Charter Communications agreed to acquire Liberty Broadband in an all-stock deal. Charter shares rose 5.6%, while Liberty Broadband slid 3%. Cava Group — Shares of the Mediterranean-inspired food chain popped 7% after third-quarter results came out stronger than expected. Cava’s earnings of 15 cents per share exceeded the 11 cent consensus estimate from analysts polled by LSEG, while its revenue of $244 million revenue came out above the $234 million estimate. Rocket Lab — Shares of the space infrastructure company soared 35% after Rocket Lab posted third-quarter revenue of $104.8 million, which exceeded analysts’ expectations and reflected a 55% increase from the same period a year ago. The company also announced the first customer for its Neutron vehicle and forecast revenue for its fourth quarter in a range above what analysts had predicted. Maplebear — Shares tumbled 12% after the parent of Instacart issued fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization guidance that was below the Street’s estimates, according to FactSet. On the other hand, Maplebear beat analysts’ third-quarter expectations on both the top and bottom lines. Skyworks Solutions — The semico …

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