Coinbase, AMTD Digital, restaurant brands, Alibaba and more

A Burger King restaurant seen in Milton, Pennsylvania.
Paul Tisserand | SOPA Images | light flare | Getty Images
Check out the companies making the biggest moves in midday trading on Thursday:
Coinbase – Shares of the cryptocurrency exchange jumped around 10% after the company announced a partnership with BlackRock, the world’s largest asset manager, which will allow its institutional clients to buy bitcoins. The COIN ticker has also become one of the most mentioned names on Reddit’s WallStreetBets forum, according to Quiver Quantitative. Earlier today, the stock soared around 40%.
Yeti – Shares of Yeti fell nearly 19% after the vacuum-insulated glass maker reported earnings that fell short of expectations. Yeti said its direct-to-consumer sales were weaker than expected.
AMTD Digital – The Hong Kong-based fintech company’s ADRs fell 27% as the speculative rally led by retail investors crumbled. The name has been caught up in a commercial frenzy over the past week with the trending ticker on social media platforms. Despite the subsequent sell-off, the stock is still up 7,800% from its IPO price of $7.8 in mid-July.
Crocs – Shares of Crocs fell more than 10% despite the shoe company beating expectations on both highs and lows. Crocs shared a light revenue guidance for the third quarter. The shoe company also cut its forecast for the full year.
Shake Shack – Shares fell more than 6% after the restaurant chain reported quarterly results that fell short of revenue expectations. Shake Shack said a slowdown in return-to-work plans hurt results.
Restaurant Brands International – The parent company of Burger King, Tim Hortons and Popeyes jumped more than 7% on Thursday after the company reported better-than-expected earnings before the bell. Global same-store sales increased 9%, driven by the performance of Burger King and Tim Hortons.
Alibaba – U.S.-listed shares of the Chinese e-commerce giant rose just under 2% after the company reported fiscal first-quarter results that beat expectations. However, the gains were limited as this is the first time the company has shown stable growth in its history. Alibaba has faced a number of headwinds, including a resurgence of Covid in China.
MercadoLibre – Shares of the Latin American e-commerce company soared more than 16% after MercadoLibre reported results after the bell on Wednesday. Revenue was $2.60 billion, compared to $2.51 billion estimated by StreetAccount. MercadoLibre said the growth came primarily from the expansion of its advertising business and its strength in third-party market categories.
DXC Tech – Shares of the technology services company, down 17%, hit a 52-week low on Thursday. DXC Tech reported earnings below expectations. Earnings per share for its latest quarter were 75 cents, compared to 81 cents for StreetAccount.
Ceridian HCM Holding — Shares of the human capital management software company rose 10%. Ceridian released quarterly results after the bell on Wednesday that beat expectations. The company cited significant improvement in profitability and scale, as well as continued momentum across all segments.
DISH Network — The satellite TV company is up more than 5% a day after reporting better-than-expected results for its latest quarter. The move also follows a Bloomberg report on Thursday that the company’s new wireless service will begin accepting online consumer registrations as early as August 8.
Fortinet – Shares fell 16% after the cybersecurity company maintained its full-year revenue forecast. According to StreetAccount, free cash flow was weaker than expected, as was service revenue. Fortinet also reported a second-quarter profit beatdown.
Clorox — Shares of the consumer goods giant fell nearly 5% after reporting earnings that beat expectations. Revenue was $1.80 billion, compared to StreetAccount estimates of $1.86 billion.
—CNBC’s Yun Li, Tanaya Macheel, Fred Imbert and Sarah Min contributed reporting.