Midday movers: Roku, Shopify, DocuSign and more

Investing.com

2023-02-16

By Liz Moyer

Investing.com -- Stocks were falling on Thursday as stronger-than-expected producer price data renewed concerns about higher interest rates for longer. Here are the midday movers for Feb. 16.

Roku Inc (NASDAQ:ROKU) shares were up 16.5% after the streaming device maker posted a narrower-than-expected loss and said it added 4.6 million new accounts in the recent quarter, more than expected. Shopify Inc (NYSE:SHOP) shares fell 15.8% after the e-commerce platform for businesses provided weaker-than-expected guidance for the first quarter, including slowing revenue growth.

DocuSign Inc (NASDAQ:DOCU) shares rose 3.6% after the e-signature company announced a second round of job cuts, saying it will cut 10% of its staff.

TravelCenters of America LLC (NASDAQ:TA) shares soared 70% after BP (NYSE:BP) announced plans to buy the fueling station and convenience store operator in a $1.3 billion all-cash deal.

Twilio Inc (NYSE:TWLO) shares rose 17% reporting better-than-expected quarterly earnings. The cloud communications company also announced plans to buy back $1B of its shares.

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