Stocks making the biggest moves midday: Bed Bath & Beyond, Cineworld, Foot Locker, Wayfair and more

Check out the companies making headlines in midday trading.

https://www.cnbc.com/quotes/FL” target=”_blank” rel=”noopener”>Foot Locker — The retail stock surged 20% after it https://www.cnbc.com/2022/08/19/foot-locker-appoints-mary-dillon-as-ceo.html”>appointed former Ulta Beauty head Mary Dillon as its chief executive officer, replacing Richard Johnson. Foot Locker also reported a smaller-than-expected drop in comparable sales for the second quarter and profit that was above estimates.

https://www.cnbc.com/quotes/BILL” target=”_blank” rel=”noopener”>Bill.com — Shares soared 16.7% after the financial back-office software provider surpassed earnings expectations in its most recent quarter. Bill.com also issued strong guidance.

https://www.cnbc.com/quotes/CINE-GB” target=”_blank” rel=”noopener”>Cineworld Group — Shares tumbled 58.3% following a https://www.wsj.com/articles/regal-cinemas-owner-cineworld-prepares-for-bankruptcy-filing-11660910944″ target=”_blank” rel=”noopener”>Wall Street Journal report that the British cinema chain is https://www.cnbc.com/2022/08/19/cineworld-shares-plummet-more-than-60percent-on-bankruptcy-reports.html”>preparing to file for bankruptcy. Cineworld Group struggled to attract moviegoers back into its theaters after the pandemic.

https://www.cnbc.com/quotes/BBBY” target=”_blank” rel=”noopener”>Bed Bath & Beyond — Shares of the struggling retailer plunged 40.5% after activist investor Ryan Cohen https://www.cnbc.com/2022/08/18/activist-investor-ryan-cohen-completes-planned-sale-of-bed-bath-beyond-stake.html”>dumped his entire stake in the company. Bed Bath & Beyond had surged this month in a move reminiscent of the meme stock craze of 2021, with heavy trading volume and social media activity.

https://www.cnbc.com/quotes/MSGE” target=”_blank” rel=”noopener”>Madison Square Garden Entertainment — Shares gained 3.5% after it planned to https://www.cnbc.com/2022/08/18/msg-entertainment-explores-possible-spinoff-that-would-include-ny-arena.html”>spin off its live entertainment business, including its New York performance venue Madison Square Garden, as well as the Hulu Theater and Radio City Music Hall.

https://www.cnbc.com/quotes/COIN” target=”_blank” rel=”noopener”>Coinbase — Shares of the cryptocurrency exchange operator dropped 11.3% following a sudden overnight sell-off in bitcoin. Bitcoin is https://www.cnbc.com/2022/08/19/sudden-crypto-market-drop-sends-bitcoin-below-22000.html”>trading below $22,000, a more than three-week low.

https://www.cnbc.com/quotes/W” target=”_blank” rel=”noopener”>Wayfair — The furniture retailer’s stock price plunged 20.1% after Wayfair cut 870 jobs, or roughly 5% of its global workforce. Wayfair believes the $30 million to $40 million hit from the headcount reduction will hit in the third quarter.

https://www.cnbc.com/quotes/DASH” target=”_blank” rel=”noopener”>DoorDash — The food delivery stock dropped 2.6% following an https://www.businessinsider.com/doordash-ends-partnership-with-walmart-after-delivering-groceries-for-4-years-2022-8″ target=”_blank” rel=”noopener”>Insider report that DoorDash will end its partnership with Walmart next month. DoorDash delivered products for Walmart for more than four years.

https://www.cnbc.com/quotes/GM” target=”_blank” rel=”noopener”>General Motors — General Motors gained 2.5% after the automaker announced it would https://www.cnbc.com/2022/08/19/gm-to-reinstate-quarterly-dividend-ups-share-buybacks-to-5-billion.html”>reinstate its quarterly dividend, which was cut during the pandemic. The company also increased its buyback program to $5 billion from $3.3 billion.

https://www.cnbc.com/quotes/CCL” target=”_blank” rel=”noopener”>Carnival — Shares of cruise line operators fell Friday. Carnival, https://www.cnbc.com/quotes/NCLH” target=”_blank” rel=”noopener”>Norwegian Cruise Line Holdings and https://www.cnbc.com/quotes/RCL” target=”_blank” rel=”noopener”>Royal Caribbean declined 5.6%, 4.6% and 5.2%, respectively.

— CNBC’s Yun Li, Jesse Pound and Carmen Reinicke contributed reporting.