Stocks making the biggest midday moves
Here are some of the names moving in midday trading:
$Datadog(DDOG.US$
— Shares rallied more than 30% after the cloud company reported a third-quarter earnings and revenue beat before the bell. Datadog’s guidance for both earnings per share and revenue for the fourth quarter and the full year also exceeded expectations.
$Biomarin Pharmaceutical(BMRN.US$
l — The pharma stock gained 11.4% after activist investor Elliott Investment Management built a stake in the company, according Reuters, citing two people familiar with the matter.
$GlobalFoundries(GFS.US$
— The semiconductor stock added about 7% after the GlobalFoundries posted an earnings beat for its third quarter. Guidance for fourth-quarter earnings was stronger than expected, but revenue estimates missed expectations.
$Datadog(DDOG.US$
— Shares rallied more than 30% after the cloud company reported a third-quarter earnings and revenue beat before the bell. Datadog’s guidance for both earnings per share and revenue for the fourth quarter and the full year also exceeded expectations.
$Biomarin Pharmaceutical(BMRN.US$
l — The pharma stock gained 11.4% after activist investor Elliott Investment Management built a stake in the company, according Reuters, citing two people familiar with the matter.
$GlobalFoundries(GFS.US$
— The semiconductor stock added about 7% after the GlobalFoundries posted an earnings beat for its third quarter. Guidance for fourth-quarter earnings was stronger than expected, but revenue estimates missed expectations.
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