Stocks making the biggest moves midday: Uber, DraftKings, Seagen, Activision Blizzard and more
Uber — The ride-hailing giant saw its stock surging 11.5% after the company boosted its third-quarter financial outlook in a regulatory filing. Uber’s bookings and adjusted earnings are now expected to be better than first reported. CEO Dara Khosrowshahi also told CNBC that he sees surging ride prices easing up by the end of the year.
DraftKings — Shares of DraftKings fell 7.4% after news that the online gaming giant made a bid to acquire U.K. sports betting company Entain. The offer is worth $20 billion and is largely in DraftKings stock, along with cash, sources told CNBC