Stocks making the biggest moves midday（3）: WeWork, Lululemon, Travelers and Plug Power

$The Travelers Companies(TRV.US)$ — The insurance company reported better-than-expected earnings and revenue for the previous quarter, thanks in part to lower catastrophe losses, but the stock fell more than 5%. Piper Sandler noted that the company’s “underlying margins were worse than expected” for the quarter.

$WeWork(WE.US)$ — WeWork’s stock jumped 11.9% after Piper Sandler initiated coverage of the office-sharing company with an overweight rating. Analysts said WeWork is nearing profitability as it focuses on its balance sheet and the popularity of flexible work continues to grow.

$Lululemon Athletica(LULU.US)$ — Shares of the apparel retailer jumped nearly 5% after Truist upgraded Lululemon to buy from hold. Analysts are expecting a “robust” five-year outlook at Lululemon’s upcoming analyst day with greater details on new products and plans to expand internationally. Truist also believes the company can easily pass on higher costs to consumers in an inflationary environment.

$Plug Power(PLUG.US)$ — Plug Power’s stock soared 9.3% the company announced a partnership with $Walmart(WMT.US)$ to supply liquid green hydrogen.