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Stocks making the biggest moves midday: Carvana, MongoDB, TripAdvisor, Toll Brothers and more

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A mascot of TripAdvisor is seen at its display at a trade fair.
Axel Schmidt | Reuters

Check out the companies making headlines in midday trading.

CarvanaBankruptcy concerns around Carvana have grown since the company reported disappointing third-quarter results last month. The pact between the creditors was first reported by Bloomberg.

MongoDB

State Streetnew buyback plan. The company said it now intends to buy back up to of $1.5 billion of its common stock in the fourth quarter of 2022, $500 million more than the amount announced previously.

Online travel — Online travel stocks dropped after Wolfe Research downgraded the sector to market underweight from market weight, citing trouble ahead on the likelihood of a recession. The firm named a worse outlook for names such as Booking Holdings, Airbnb, TripAdvisor and Expedia. Shares of TripAdvisor and Expedia were down more than 6%. Booking Holdings fell more than 4%, and Airbnb shed 3%.

Stitch Fix

Toll Brothers

Dave & Buster’s Entertainment

SolarEdge TechnologiesBank of America upgraded it to a buy from neutral. The firm said the stock could gain more than 20% as its outlook improved.

Campbell Soupcited “inflation-driven pricing, brand strength and continued supply recovery” for its recent results.

Chinese tech stocks — Shares of U.S. listed China stocks declined even as Beijing announced it will lift some Covid restrictions. JD.comBaidu

Airlines — Airline stocks fell as a group during midday trading. Shares of Southwest AirlinesAmerican AirlinesDelta Air LinesAlaska Air GroupUnited Airlines

Lowe’s Companies

— CNBC’s Alex Harring, Yun Li, Tanaya Macheel, Jesse Pound and Samantha Subin contributed reporting

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