SPCE - Hot Stocks: CURI UPST rise on earnings; APPH HYRE drop; SPCE suffers downgrade
CuriosityStream (NASDAQ:CURI) and Upstart Holdings (NASDAQ:UPST) were highlights of Wednesday's midday trading. Both stocks posted double-digit percentage gains following the release of strong quarterly reports. However, earning news had the opposite impact on shares of AppHarvest (NASDAQ:APPH) and HyreCar (NASDAQ:HYRE). Both suffered enormous sell-offs in the aftermath of disappointing results. Virgin Galactic (NYSE:SPCE) was another notable loser in Wednesday's intraday action. The stock fell on a negative analyst note. CuriosityStream (CURI) topped expectations with its Q2 results. Revenue jumped 27% to $15.3M and direct subscribers advanced 56% from last year. CURI climbed nearly 17% in midday trading. Upstart Holdings (UPST) issued Street-beating earnings for its latest quarter and raised its forecast for Q3. The company said it now expects revenue of $205M-$215M for the current quarter, well above the current consensus of $161.6M. UPST rose almost 19% on the news. AppHarvest (APPH) revealed a Q2 loss that was more than
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Hot Stocks: CURI, UPST rise on earnings; APPH, HYRE drop; SPCE suffers downgrade