Midday movers: Beyond Meat, Boeing, Carvana and more

By Liz Moyer

Investing.com -- Stocks were falling on Friday after hotter-than-expected data on inflation raised new interest rate fears. Here are the midday movers for Feb. 24.

• Beyond Meat Inc (NASDAQ: BYND) shares rose 11% after the fake meat maker posted a narrower-than-expected loss and gave an outlook that was better than expected, though sales fell in the fourth quarter.


• Boeing Co (NYSE: BA) shares fell 4.6% after the plane maker suspended deliveries of its 787 Dreamliner, largely due to a documentation issue. It said it would pause deliveries while it completes the requisite analysis and documentation.


• 
  

  Carvana Co (NYSE: CVNA) shares fell 20% after the used car seller reported a wider-than-expected fourth-quarter loss. The company known for its auto vending machines announced a plan to cut $1 billion in expenses over the next six months as demand for used cars slows.

  
  


• Adobe Systems Incorporated (NASDAQ: ADBE) shares were down 7.3% after a report that the Justice Department was preparing to sue to block its $20B acquisition of Figma, a design software maker.


• 
  

  Live Nation Entertainment Inc (NYSE: LYV) shares fell 9.1% after the Ticketmaster parent company beat expectations for fourth-quarter revenue, which rose 59% from a year earlier. The company is under scrutiny for a botched sale of Taylor Swift concert tickets.

  
  

You May Also Be Interested In

• Alphabet slides over 6% as AI brain drain and SpaceX slump converge
• Accenture downgraded by TD Cowen on AI concerns
• Chinese carmakers exploring Canada’s EV import quota, Joly says