BlackRock, Vimeo, Delta, Moderna and more

Delta Air Lines Airbus A330-300 landing at Athens International Airport AIA, LGAV / ATH Eleftherios Venizelos, registration N806NW, a former Northwest Airlines aircraft.

Nicolas Economou | NurPhoto | Getty Images

Find out which companies are making headlines in midday trading.

BlackRock – Shares of the asset management giant rose 3.7% after BlackRock beat expectations in terms of earnings and third quarter earnings. The company reported $ 10.95 per share on $ 5.05 billion in revenue, fueled by increased commission income. Analysts polled by Refinitiv were expecting $ 9.35 per share on $ 4.9 billion in revenue.

JPMorgan Chase – JPMorgan shares fell 2.6% despite the bank’s better-than-expected quarterly profit. The income of the largest US bank in terms of assets was also higher than expected. The stock is up more than 26% this year. Other bank stocks also plunged ahead of earnings reports later this week. Bank of America lost almost 1% and Wells Fargo lost more than 1%. Citigroup also fell slightly.

Delta Air Lines – Shares of Delta Air Lines fell more than 5% after the company released its quarterly financial results. The company posted higher-than-expected revenues and its first quarterly profit excluding federal aid since the start of the pandemic. However, the airline said higher fuel costs and other expenses would put pressure on its fourth quarter results. Other air carriers have also retreated. American Airlines lost and United Airlines lost about 3%.

Moderna – The vaccine maker’s shares gained more than 3% ahead of the Food and Drug Administration’s first step in deciding whether Moderna should hand out booster doses of its Covid vaccine. The federal agency will hold an advisory committee meeting later this week to discuss the matter. On Tuesday, FDA scientists said data showed two doses were still enough to protect against serious illness and death in the United States and declined to take a position on whether to support booster shots.

Advanced Micro Devices – The chipmaker added nearly 4% and was among the biggest winners of the S&P 500 on Tuesday. The move comes amid the ongoing global chip shortage and despite recent weakness in other chip inventories. Xilinx, which AMD plans to acquire, gained 3.6%.

Apple – Apple shares fell less than 1% after Bloomberg said the company would cut iPhone production due to the chip shortage.

Plug Power – Shares of the hydrogen fuel cell maker have jumped more than 11% after announcing a partnership with aircraft maker Airbus to decarbonize air travel and airport operations. It plans to make an American airport the first “hydrogen hub” pilot airport.

Vimeo – The video platform company gained 12% after releasing monthly metrics for September, recording a 33% increase in revenue from the previous year and a 16% increase in average revenue per user. Wells Fargo also launched the stock cover with an overweight stance.

Monster Beverage – Shares of energy drink maker Monster fell nearly 3% after a Jefferies analyst lowered the stock to a buy and lowered its price target to $ 92 from $ 113.

WestRock – Paper and packaging company fell 2.6% after Truist launched stock hedging with a holding rating, giving it a price target of $ 47 with an implied 8% drop .

Sarepta Therapeutics – Biotech firm Sarepta fell more than 12% after posting lower-than-expected forecast and announcing a $ 500 million share offer.

– CNBC’s Hannah Miao and Jesse Pound contributed reporting

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