Stocks making the biggest moves midday: Amazon, Netflix, Bumble and more

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Check out the companies making headlines in midday trading.

Bumble — Shares of the online dating company surged more than 43% in midday trading. Fourth-quarter revenue was just short of expectations from Refinitiv. Still, BMO upgraded Bumble to outperform from market perform, saying in a note to clients Wednesday that the stock still had significant room to run.

J.B. Hunt Transport Services — Shares of the shipping company rose 2.8% on Wednesday after Goldman Sachs upgraded J.B. Hunt Transport to buy. The investment firm said the company was poised to see outsize benefit from the easing of supply chain congestion.

Stitch Fix — Shares of the clothing retailer dropped 3% on Wednesday after Stitch Fix's fiscal third-quarter guidance came in well under expectations. The company said it expected revenue to be between $485 million and $500 million for the third quarter, while analysts surveyed by FactSet's StreetAccount expected $558.6 million. The company also cut its full-year revenue guidance. Truist downgraded Stitch Fix to hold after the report.

XPO Logistics — Shares of XPO jumped more than 14% after the company said it will just focus on trucking and split its brokered transportation services unit off into a separate company. It also said it will divest its European business and its North American intermodal operation.

Netflix — Shares rallied 5.7% after Wedbush upgraded the streaming company to a neutral rating from outperform. «While we do not anticipate significant share price appreciation in the near-term, Netflix's first-mover advantage and large subscriber base provides the company with a nearly insurmountable competitive advantage over its streaming peers,» Wedbush said in a note.

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