Take a look at the companies making headlines in afternoon trading: Moderna – Shares of the vaccine maker fell more than 2% following a downgrade to underweight from JPMorgan. The company called Moderna’s changes to its revenue forecast a headwind for the stock’s future performance. Oracle – Shares rose 0.4% after the database software company raised its revenue outlook for fiscal 2026. The company also issued strong guidance for fiscal year 2029. Aptiv PLC – Shares of the auto parts company rose 3%. CEO Kevin Clark bought about 30,000 shares of Aptiv earlier this week, according to a filing with U.S. regulators. RH – The home furnishings company rose more than 25% after a stronger-than-expected second quarter. RH reported adjusted earnings per share of $1.69 on revenue of $830 million. Analysts polled by LSEG expected earnings per share of $1.56 on revenue of $825 million. The company’s CEO, Gary Friedman, said in a letter that demand “accelerated in the third quarter” and the company expects this to continue into 2025. Uber – Shares of the ride-sharing company rose more than 6% on news that it plans to expand its partnership with Alphabet’s Waymo. The move will allow Uber to offer robotaxi services in Austin, Texas and Atlanta early next year. Adobe – Shares fell more than 8% after the software company issued weaker-than-expected guidance for the current quarter. Meanwhile, Adobe beat both top and bottom line estimates for its fiscal third quarter. Boeing – The aerospace company fell about 4% after Boeing factory workers went on strike earlier on Friday and rejected a new labor contract. The work stoppage could affect Boeing’s production of its flagship 737 Max. Unity Software – Shares of the game engine company added 5%. Stifel raised his price target on Unity from $20 to $25, reflecting a 32% upside from Thursday’s closing price. Etsy, Wayfair, PDD Holdings – Shares of U.S. e-commerce stocks Etsy and Wayfair rose about 8% and 6% each after the Biden administration announced plans to close trading loopholes related to what it called “excessive uses and abuses that allow cheap imports into the US without paying import duties and handling fees. Shares of China-based PDD Holdings fell more than 2%. Redfin Corporation – Real estate brokerage rose 25%. Both construction and real estate stocks moved broadly higher as investors await an expected rate cut from the Federal Reserve next week. The iShares US Home Construction ETF (ITB) and SPDR S&P Homebuilders ETF (XHB) both rose about 3%. Warner Bros. Discovery – Shares rose about 11% after the media conglomerate struck an early renewal deal with Charter Communications. In addition, Warner Bros. CEO David Zaslav predicted Discovery, that the company would add more than six million subscribers in the current quarter. – CNBC’s Jesse Pound, Sean Conlon, Samantha Subin and Hakyung Kim contributed reporting.
Stocks making the biggest moves in the afternoon: MRNA, UBER, BA, ADBE
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