Twitter, Carnival, First Solar and more

The Carnival Ecstasy Cruise on the Carnival Cruise Line is docked in Jacksonville, Florida on March 27, 2020 during a coronavirus outbreak.

Sam Greenwood | Getty Images

Here are the companies that make headlines for midday transactions.

Twitter – Shares of the social media company have risen more than 3% since Elon Musk announced on Twitter that he would join its board of directors. The stock rose 27% in the previous session for its best day, even after Mask released 9.2% shares. Tesla’s CEO says there could be “significant improvements” to Twitter in the coming months.

Carnival – March 28-April 3 was the busiest booking week in the company’s history as cruise stocks rose more than 2% after the carnival. Twenty-two of the Carnival’s 23 ships have reopened after the epidemic effectively halted the global cruise industry.

First Solar – Solar panel stock fell 4.8% at Bank of America to perform less than neutral. The investment firm said in a note that First Solar “received too much credit for a reality that was never realized.”

Ralph Lauren – Clothing retailer shares down 3.7% in midday trading. Ralph Lauren’s stock was weighed down by excess weight from Wells Fargo analysts, who said on Tuesday they were wary of the sector’s near-term picture. The blow to consumer spending is likely to hurt mid-tier retailers, analysts say.

MarketAxess Holdings РShares of fixed-income trading platform have fallen more than 9% since MarketAxess released its monthly volume figures in March. The company’s total credit monthly average daily volume was 3% lower than in March 2021.

Shares of Coffee Chain fell another 4.1% on Tuesday as Starbucks digested the returning decision of CEO Howard Schultz to close the Wall Street company’s stock buyback program. The stock fell 3.7% on Monday. Wadebush downgraded Starbucks from outperforming, saying in a note to clients that it was less confident in the company’s earnings.

Coinbase – Shares of the crypto exchange plunged 7.4% on Tuesday after investing firm Mizuho highlighted spending on nonfangible tokens as rising costs for Coinbase. Mizuho also lowered the stock price target.

CARVANA – The stock of used car dealers to perform in the sector in the RBC Capital Market fell more than 9%. RBC said in a note that it was doubtful that Carvana’s fundamentals could support its expansion plan.

-CNBC’s Eun Lee and Sarah Minn contributed to this report.

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