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.


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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