A woman walks near a Bed Bath & Beyond branch on January 11, 2023 in New York City.
Leonardo Munoz | View Press | Corbis News | Getty Images
Check out the companies making headlines in midday trading Tuesday.
Lyft — The ride-sharing app’s stock added 1.5% following an upgrade to overweight from sector weight by KeyBanc. The firm said cost-saving strategies such as layoffs and stabilizing demand could help the stock.
Bed Bath & Beyond — The retail stock jumped 13% as traders continued to pile into the heavily shorted name. Bed Bath & Beyond has warned of a potential bankruptcy and recently beefed up its legal team ahead of a possible filing. Shares of the meme-stock favorite are up 32% year to date.
Paccar — Shares of Paccar rose 7% after the truck manufacturer reported fourth-quarter results, posting a profit of $2.64 per share and $8.13 billion in revenue. An increasing number of e-commerce deliveries have boosted demand for trucks. The company beat analysts’ expectations for…
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