Advertisement
Canada markets closed
  • S&P/TSX

    22,465.37
    +165.57 (+0.74%)
     
  • S&P 500

    5,308.13
    +4.86 (+0.09%)
     
  • DOW

    39,806.77
    -196.82 (-0.49%)
     
  • CAD/USD

    0.7332
    -0.0009 (-0.12%)
     
  • CRUDE OIL

    79.29
    -0.51 (-0.64%)
     
  • Bitcoin CAD

    97,229.59
    +6,253.08 (+6.87%)
     
  • CMC Crypto 200

    1,515.50
    +161.09 (+11.89%)
     
  • GOLD FUTURES

    2,413.70
    -24.80 (-1.02%)
     
  • RUSSELL 2000

    2,102.50
    +6.78 (+0.32%)
     
  • 10-Yr Bond

    4.4370
    +0.0170 (+0.38%)
     
  • NASDAQ

    16,794.88
    +108.91 (+0.65%)
     
  • VOLATILITY

    12.15
    +0.16 (+1.33%)
     
  • FTSE

    8,424.20
    +3.94 (+0.05%)
     
  • NIKKEI 225

    39,135.91
    +66.23 (+0.17%)
     
  • CAD/EUR

    0.6751
    -0.0005 (-0.07%)
     

Midday movers: PacWest Bancorp, Walt Disney, Sonos and more

Investing.com -- Stocks were wobbling after disappointing streaming subscriber numbers at Walt Disney and amid renewed weakness in bank stocks. Here are the market movers for May 11.

PacWest Bancorp (NASDAQ:PACW) shares fell 20% after it disclosed in a securities filing that it lost 9.5% of its deposits in the May 5 week. Western Alliance Bancorporation (NYSE:WAL) shares rose 3% after it said it was gaining deposits since the end of the first quarter. Walt Disney Company (NYSE:DIS) shares fell more than 8% after fiscal second-quarter earnings that showed streaming subscribers dropped four million during the period and fell below analysts' expectations. Revenue overall rose 13% in the quarter. Sonos Inc (NASDAQ:SONO) shares fell 24% after the maker of audio equipment said it was cutting expectations for the second half of fiscal 2023 because of weakening consumer demand and inventory tightening. Beyond Meat Inc (NASDAQ:BYND) shares fell 17% after the fake meat maker reported narrower losses in the first quarter. Full-year guidance was given in a range of $375M to $415M, while analysts are expecting $390M.

Applovin Corp (NASDAQ:APP) shares jumped 22% after the maker of marketing tools for app developers said it expects higher than anticipated second-quarter revenue of $710M to $730M.

Related Articles

Midday movers: PacWest Bancorp, Walt Disney, Sonos and more

News Corp reports third-quarter revenue above estimates

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.66%