Check out the companies making the biggest moves at noon.
norwegian cruise line — Shares fell more than 6% after the cruise ship operator reported in a regulatory filing. Securities and Exchange Commission It plans to report a net loss for the fourth quarter and full year of 2022 and the first quarter of 2023.
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Charles Schwab Bank shares fell more than 6% after Bank of America slashed its share price to underperform and said customers would continue to move money into alternatives such as money market funds.
Bornado Realty Trust — Real estate investment trust shares have since fallen 3.3% Cut quarterly dividend From 53 cents to 37.5 cents per share. Bornado Realty, which owns commercial real estate in cities such as New York and San Francisco, cited the current state of the economy and capital markets, as well as 2023 taxable income compiled by Bornado.
roblox — Roblox shares fell 6% after being downgraded to underweight by Morgan Stanley analysts. The bank said the gains in video game stocks were limited following December’s strong indicators report.
Philip Morris — Marlboro’s parent stock rose 2.4% after Jefferies called the stock “recession-proof.”
Service Now — Shares rose nearly 3% after Bank of America made software stocks the frontrunner. The company posted “best-in-class growth.”
Tesla — Shares of electric car makers fell more than 1% in intraday trading. Piper Sandler reiterated the stock’s outperform valuation, saying investors should “aggressively” buy the stock.The day before, Elon Musk CEO Fraud trial begins Shares soared in 2018 after tweeting about considering taking Tesla private.
Alcoa — The aluminum company’s shares fell 4.6% on Thursday after the company reported its fourth-quarter results. Alcoa’s adjusted fourth-quarter loss was 70 cents per share, narrower than an expected loss of 81 cents, according to StreetAccount. However, the company’s adjusted EBITDA, a measure of earnings that includes less expenses than net income, fell short of estimates. Alcoa said it expects total alumina shipments to decline year-on-year in 2023.
Discover financial services — Online banks fell nearly 2% after forecasting higher loan loss reserves and higher net charge-off rates this year. This indicates that customers are lagging behind. Find out that in the quarter he beat expectations on both earnings per share and sales.
cure back — Shares rose more than 9% after the biopharmaceutical company was upgraded by UBS and bought from Neutral. The Wall Street firm said it saw a “huge inflection point” in its Phase 1 flu treatment results.
ford — The automaker’s shares fell 1.9% after Evercore ISI lowered its price target.
Allstate — Shares fell 7% a day after the insurer announced preliminary fourth quarter results. Estimated adjusted net loss Between $335 million and $385 million.
Northern Trust — Stocks of financial institutions fell 10% after the company Fourth quarter net earnings per diluted share of common stock reported at 71 cents, compared to $1.91 in Q4 2021. His $1.04 billion in income from its trust and investment services fell short of StreetAccount’s forecast of $1.05 billion for him.
Comerica — Shares rose about 6% after the financial services firm beat earnings expectations in its latest quarterly report. His earnings per share for Comerica were $2.58, beating analyst estimates of $2.55 polled by Refinitiv.
— CNBC’s Samantha Soobin, Jessie Pound, Alex Haring, Sarah Min and Michael Bloom contributed to the report.