VNE - Hot Stocks: VIAC STAA rise on earnings; CI GDDY fall; VNE gets another bid; ASTR takes off
Earnings remained a key driver in Thursday's midday action. ViacomCBS (NASDAQ:VIAC) and STAAR Surgical (NASDAQ:STAA) both posted notable gains in intraday action, as investors reacted positively to new financial figures. Meanwhile, several big names suffered declines in the aftermath of their quarterly updates. Cigna (NYSE:CI) and GoDaddy (NYSE:GDDY) lost ground on earnings news. Thursday's midday action also saw some non-earnings stories generate notable stock moves. Veoneer (NYSE:VNE) jumped as Qualcomm (NASDAQ:QCOM) launched a bidding war for the firm. Astra Space (NASDAQ:ASTR) got a boost on word that it had set its launch window. The headline numbers in ViacomCBS's (VIAC) earnings report were a mixed bag. Earnings missed expectations, while revenue came in ahead of projections. However, investors latched onto growth in the company's streaming business, sending shares higher by 7% in intraday action. For his part, ViacomCBS's CEO characterized the streaming momentum as "fantastic," with revenue-per-customer growing compared to both
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Hot Stocks: VIAC, STAA rise on earnings; CI, GDDY fall; VNE gets another bid; ASTR takes off