Midday movers: Meta Platforms, Align Technology, UnitedHealth Group and more

By Liz Moyer

Investing.com -- Stocks were rising on a Meta-fueled tech rally that lifted the Nasdaq more than 3% on Thursday. Here are the midday movers for Feb.2.

• Meta Platforms Inc (NASDAQ: META) shares rose more than 25% after the parent of Facebook and Instagram beat expectations for revenue in the recent quarter and outlined more steps it was taking to control costs.


• Align Technology Inc (NASDAQ: ALGN) stock rose 28% after the maker of clear Invisalign dental devices beat expectations for earnings and revenue and announced a $1 billion share buyback.


• 
  

  UnitedHealth Group Incorporated (NYSE: UNH) shares fell 6.6% along with other healthcare stocks, weighed by a proposal for lower-than-expected Medicare Advantage rates.

  
  


• Eli Lilly and Company (NYSE: LLY) shares fell 6.2% after its revenue fell short of expectations, while rival pharmaceutical maker Merck&Company Inc (NYSE: MRK) fell 4% after offering 2023 guidance that didn't meet expectations as sales of Covid treatments are expected to fall. Bristol-Myers Squibb Company (NYSE: BMY) stock rose 1.6% after it beat expectations.


• 
  

  Harley-Davidson Inc (NYSE: HOG) stock rose 9% after the motorcycle maker reported better demand, which helped it drive home solid earnings for the most recent quarter.

  
  

You May Also Be Interested In

• Dell’s earning report was bullish for Intel CPU demand, analyst says
• Lynx Equity sees Micron and SanDisk breakout as volatility normalizes
• BlackRock’s Rosenberg says inflation data key after jobs beat