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Stocks making the Biggest Moves Midday: Tesla, Twilio, Peloton

Twilio shares of the cloud services company (Biggest Moves Midday) jumped 12% to a new all-time high after Twilio raised its forecast for third quarter revenue. The company said it is benefitting from the rise of remote work and education. Twilio is set to release its quarterly results in November.

American Airlines, United Airlines, Delta, Southwest — Shares of the major U.S. airlines fell on Friday as President Trump’s Covid-19 diagnosis injected uncertainty into the market. Shares of United Airlines fell more than 2.5%. Shares of American Airlines and Delta Airlines lost 2.3% and 2.1%, respectively. Southwest Airlines dropped 1.6%, while Alaska Air Group slid 2.6%.

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Biggest Moves Midday

Tesla

Shares of the electric vehicle company slid more than 3% following Tesla’s third quarter delivery numbers. The Elon Musk-led company said it delivered 139,300 vehicles during the quarter, which was slightly ahead of the 137,000 analysts had been expecting, according to estimates compiled by FactSet.

Activision Blizzard

Shares of Activision Blizzard fell more than 2% after the video game company delayed the release of its popular World of Warcraft series until later this year. “We made the decision to do what’s right for the game and take the extra time, and we think players will enjoy this expansion even more as a result of the additional work,” the company said. The stock has gained more than 30% this year.

Peloton

Shares of Peloton jumped nearly 5%, building on recent momentum. The exercise-equipment maker saw its subscribers more than double during the second quarter to over 1 million. The stock has jumped 20% in the past month, pushing its 2020 surge to more than 280%.

Carnival, Norwegian Cruise Line, Royal Caribbean — Shares of major U.S. cruise operators declined alongside the broader market as fears over a second wave of Covid-19 cases builds. Carnival and Norwegian lost 2.9% each, while Royal Caribbean traded 2.7% lower.

Hyliion Holdings

Shares of the electric truck maker slid more than 12% during its first day as a publicly traded company. Hyliion enters the market following a reverse merger with special purpose acquisition company Tortoise Acquisition Corp.

Bed Bath & Beyond

Shares of the retailer jumped another 10%, building on Thursday’s 25.13% gain. The surge follows the company’s second quarter earnings report, which showed an 80% jump in the retailer’s online business.

Janus Henderson Group, Invesco — Janus Henderson jumped 15% while Invesco gained 6% after activist investment firm Trian Fund Management took a 9.9% position in each company. Trian is headed by Nelson Peltz.

— CNBC’s Maggie Fitzgerald and Yun Li contributed reporting.

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