HOOD - Hot Stocks: HOOD slips following IPO; earnings move CYBE WFRD MTH DBD
The biggest headline from Thursday's midday trading: Robinhood (NASDAQ:HOOD) officially became a public company. The high-profile financial services app slipped in the early trades following its IPO. Elsewhere, earnings reports continued to dominate the news flow. CyberOptics (NASDAQ:CYBE), Meritage Homes (NYSE:MTH) and Weatherford International (NASDAQ:WFRD) all rallied in the wake of their quarterly reports. Meanwhile, Diebold Nixdorf (NYSE:DBD) fell after it missed expectations with its financial figures. Robinhood priced its IPO at $38 per share and opened near that level. Shares lost ground from there and HOOD was sitting at $33.87 in midday action. That represents a drop of 11% in the early action. CyberOptics reported a Q2 EPS of $0.41, topping estimates by $0.12. Revenue jumped nearly 58% to $25.2M. On the news, CYBE climbed nearly 13% in intraday action. Meritage Homes also announced better-than-expected earnings, helped by Street-topping revenue growth of 22%. This brought the top-line figure to
For further details see:
Hot Stocks: HOOD slips following IPO; earnings move CYBE, WFRD, MTH, DBD