state California Lowe's TCS Broadcom AutoZone state California

Stocks making the biggest moves midday: Yelp, AutoZone, Lowe's, Apple and more

Reading now: 951

In this article Check out the companies making headlines in midday trading. Yelp — Shares of the online reviewing company jumped more than 9% after activist investor TCS Capital Management took a stake in the firm, saying in an open letter that the company should explore strategic alternatives, including a sale.

TCS Capital built up a more than 4% position in Yelp, becoming one of the company's top five shareholders. TCS said Yelp is «shockingly undervalued» and could be sold to a private equity buyer for at least $70 per share, a more than 120% premium.

AutoZone — The auto retailer's shares fell more than 5% after missing revenue expectations for the fiscal third quarter. AutoZone posted $4.09 billion in revenue, less than the $4.12 billion consensus estimate of analysts polled by Refinitiv.

Earnings of $34.12 per share topped analysts $31.51 forecast. Inventory increased 7.4% year over year. Lowe's Companies — The home improvement retailer advanced 2.8% on a first-quarter earnings report that beat analyst expectations.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News