Uber, DoorDash, Coinbase, and more

Uber Eats delivery service

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Check out which companies are making the headlines in midday trading.

UberAnd the DoorDash Uber shares fell 4.6% and DoorDash 9% on the news Amazon has agreed to acquire a stake in Grubhub in a deal that will give Prime subscribers a 1 year membership in food delivery service.

Queen Piece Coinbase fell 3.1% after that Atlantic Equities downgrades cryptocurrency exchange to neutral and lowered its target price, citing increased volatility in the industry.

Netflix Netflix is ​​down 2.1% after that Barclays cut price target for streaming service to $170 from $275, forecasting a subscriber loss in the second quarter amid increased competition.

rocket companies Consumer fintech stock jumped 5.5% after Wells Fargo Promoted to overweight تصنيف He said Rocket is ready for a big comeback after falling more than 42% this year. Wells Fargo said that despite its “challenging mortgage background,” Rocket will continue to take market share from its peers.

Rivian – The electric car maker surged more than 10% after saying It is on track to deliver 25,000 vehicles this year. Last quarter, Rivian said it produced 4,401 vehicles and delivered 4,467, in line with the company’s expectations.

Energy Stocks – Energy stocks fell on Wednesday due to oil It continued its slump from Tuesday, It drops to about $95 a barrel. The S&P 500 Energy Index is down 4% with shares marathon oilAnd the ConocoPhillips And the Halliburton They decreased 5.1%, 3.9%, and 4.1%, respectively. Occidental Petroleum Double 2.5%, while ExxonMobil It fell 3.8 percent.

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cruise inventory – Norwegian Cruise Line Holdings down 9.6%, Royal Caribbean decreased by 5.9% and carnival By 6.7% due to concern about the demand for cruise ships in the second half. The Norwegian said he will no longer require guests to test for Covid-19 before joining a cruise, unless local regulations require it.

CNBC’s Tanaya Machel, Samantha Soobin, and Sarah Main contributed to the report.

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