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HomeTrading NewsStocks Making the Biggest Moves Today: NIO Sinks, Tesla Slips, Carnival Slumps

Stocks Making the Biggest Moves Today: NIO Sinks, Tesla Slips, Carnival Slumps

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A Nio eS8 car is seen during the 19th Shanghai International Automobile Industry Exhibition in Shanghai on April 19, 2021.

Hector Retamal/AFP via Getty Images

The stock market is slipping again following Tuesday’s rout, with the

S&P 500
off 0.2%. Here are stocks making moves Wednesday morning:

2U (TWOU) jumped 14% in the premarket after a report that the educational technology company has received a buyout offer from India’s Byju for more than $1 billion.

AeroVironment (AVAV) dropped 11% in the premarket after the defense supplier’s fiscal 2023 forecast fell short of analysts’ estimates.


Bath & Body Works

(BBWI) has dropped 5% after getting cut to Neutral from Overweight at JPMorgan.


Bed Bath & Beyond

has slumped 13% after announcing that its CEO had “left his role” following a larger-than-expected quarterly loss.


Carnival

(CCL) has fallen 7.8% after Morgan Stanley cut its price target to $7, from $13.


McCormick

(MKC) has fallen 7.4% after missing earnings forecasts and offering disappointing guidance.

NIO (ticker: NIO) fell 7.5% in the U.S. premarket after short seller Grizzly Research claimed that the Chinese electric-vehicle maker exaggerated revenue and profit margins; NIO denied the report.


Pinterest

(PINS) has gained 2.7% after replacing its CEO.


Tesla

(TSLA) has fallen 1.3% amid reports of layoffs at its autopilot division.


Upstart

(UPST) has fallen 9.6% after getting cut to Underweight from Equal Weight at Morgan Stanley.

Write to Ben Levisohn at ben.levisohn@barrons.com

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