PENN - Hot Stocks: ETSY SSYS advance on earnings; PENN MGNI drop; NKLA engaged with SEC on settlement

Earnings news remained the main driver of action in Thursday's midday trading. Etsy (NASDAQ:ETSY) ranked as one of the highest-profile names to get a boost from its latest results. The stock posted a double-digit percentage gain in the wake of its better-than-expected financial figures. Stratasys (NASDAQ:SSYS) also gained ground on its quarterly report. Meanwhile, Nikola (NASDAQ:NKLA) rallied on an update on its electric-vehicle trucks and on talks with regulators about settling charges its founder made misleading statements to investors. On the downside, Penn National Gaming (NASDAQ:PENN) and Magnite (NASDAQ:MGNI) both posted midday declines following the release of their quarterly updates. Gainers Etsy (ETSY) reported Q3 results that beat expectations on both the top and bottom lines. The company issued a cautious outlook for Q4 but investors rushed into the stock, betting that the online marketplace was well-positioned to take advantage of a holiday season that will see many retailers constrained

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Hot Stocks: ETSY, SSYS advance on earnings; PENN, MGNI drop; NKLA engaged with SEC on settlement