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Stocks making the biggest moves midday: Adobe, Airbnb, AT&T, Robinhood, Novartis and more
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cnbc.comIn this article
Check out the companies making headlines in midday trading.
Adobe — Shares of Adobe sank 11.4% after issuing weaker-than-expected guidance. Adobe forecast fiscal year 2022 adjusted earnings of $13.70 per share versus the $14.26 per share consensus expectation from Refinitiv.
AT&T — Shares of telecom giant AT&T rallied 7.4% after Morgan Stanley upgraded the stock to an overweight rating from equal-weight. The firm said AT&T shares look attractive after the stock's underperformance this year. More visibility into AT&T's WarnerMedia and Discovery deal should provide a growth catalyst next year, according to Morgan Stanley.
Robinhood — Shares of the stock trading app fell more than 6% after Bank of America initiated coverage of
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