Here’s a look at companies that were trending in midday trading: Moderna — Shares of the vaccine maker fell more than 2% after JPMorgan downgraded it to underweight. The firm cited a change in Moderna’s earnings outlook as a headwind to future stock performance. Oracle — Shares rose 0.4% after the database software company raised its fiscal 2026 earnings outlook. The company also issued strong guidance for fiscal 2029. Aptiv — Shares of the auto parts company rose 3%. CEO Kevin Clark bought about 30,000 shares of Aptiv stock earlier this week, a U.S. regulatory filing showed. RH — The home furnishings retailer reported a better-than-expected second quarter, sending shares up more than 25%. RH had adjusted earnings per share of $1.69 on revenue of $830 million. Analysts surveyed by LSEG had expected earnings per share of $1.56 on revenue of $825 million. In the letter, CEO Gary Friedman said demand “accelerated through the third quarter,” and the company expects that to continue through 2025. Uber: The ride-sharing company’s shares rose more than 6% after reports of plans to expand its partnership with Alphabet Inc.’s Waymo. The move would allow Uber to offer robotaxi services in Austin and Atlanta, Texas, starting early next year. Adobe: Shares fell more than 8% after the software company issued a weaker-than-expected outlook for the current quarter. Meanwhile, Adobe beat third-quarter fiscal expectations on revenue and profit. Boeing: The aerospace company fell about 4% after workers at a Boeing factory went on strike early Friday, rejecting a new labor contract. The strike could affect production of Boeing’s flagship 737 Max jet. Unity Software: Shares of the game engine company rose 5%. Stifel raised its price target on Unity to $25 from $20, representing 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%, respectively, after the Biden administration announced plans to close trade loopholes related to “excess and abuse” that allow low-priced imports into the U.S. without paying tariffs or fees. Shares of China-based PDD Holdings fell more than 2%. Real estate brokerage Redfin Corporation — The stock surged 25%. Construction and real estate stocks both rose broadly as investors awaited an expected interest rate cut by the Federal Reserve next week. The iShares U.S. Home Construction ETF (ITB) and SPDR S&P Home Builders ETF (XHB) both rose about 3% each. Warner Bros. Discovery — Shares rose about 11% after the media conglomerate inked an early renewal deal with Charter Communications, and Warner Bros. Discovery CEO David Zaslav predicted the company will add more than 6 million subscribers during the quarter. — CNBC’s Jesse Pound, Sean Conlon, Samantha Subin and Hakyung Kim contributed to this report.
Biggest movers midday: MRNA, UBER, BA, ADBE
