KDNY - Hot Stocks: Kim Kardashian lifts BYND; BNS ATHM rise on earnings; KDNY falls on offering
Kim Kardashian's influence played a role in Wednesday's midday trading, lifting shares of Beyond Meat (NASDAQ:BYND), which climbed on news of an endorsement deal with celebrity influencer Kim Kardashian. In other news, Scotiabank (BNS) and Autohome (ATHM) both rose on the release of their respective financial figures. On the other side of the spectrum, Chinook Therapeutics (KDNY) was among the standout losers in midday action. The stock dropped on news of an offering of stocks and warrants. Gainers Beyond Meat (BYND) received a boost from a high-profile endorsement deal. Shares of the maker of plant-based meat substitutes announced that it has signed influencer Kim Kardashian to promote products on social media. Under the partnership, Kardashian will share recipes and creative content with her 72.5M followers on Twitter and 313M followers on Instagram. In the wake of the tie-up, BYND jumped 8% in intraday action. Scotiabank (BNS) also showed midday strength,
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Hot Stocks: Kim Kardashian lifts BYND; BNS, ATHM rise on earnings; KDNY falls on offering