Today's Biggest Moves in Stocks: Lyft, Spotify, Expedia, Yelp, and more

‍Lyft 

After issuing disappointing guidance for its first quarter, the ride-sharing company's stock cratered 36% in the wake of the announcement. A number of analysts recently downgraded Lyft, saying Uber seems better positioned to capitalize on the broader recovery in the ridesharing industry than Lyft, which was also hit by a string of downgrades from analysts. There was a 4% decline in Uber shares as well.

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Spotify

It was announced today that ValueAct has taken a stake in the company, and as a result, shares of the music streamer have jumped 3%. There has been a lot of growth in Spotify's user base in the fourth quarter of the year, as reported in its latest results.

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Expedia 

After missing analysts' revenue and earnings expectations for the recent quarter, the travel company's stock fell nearly 8%. On the back of revenues of $2.62 billion, Expedia reportedly posted adjusted earnings of $1.26 a share. The company is expected to report earnings per share of $1.67 on $2.70 billion in revenues, according to Refinitiv analyst estimates.

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Yelp

Refinitiv reports that Yelp's stock shot up 4% after the company beat analysts' expectations on revenue in the fourth quarter. In terms of earnings, the company posted a similar result to what was expected.

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Affirm 

Morgan Stanley has downgraded the buy now, pay later stock to equal weight from an overweight rating following a downgrade of more than 5% for the company. As a result of the Wall Street firm's assessment, Affirm's offering appears to be too narrow.

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PayPal 

After Dan Schulman, the CEO of PayPal, announced plans to retire from the online payments company by the end of the year, PayPal shares traded up about 1%.

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VF Corp 

The shares of the apparel maker rose 2.6% after Stifel upgraded it to a buy from a hold rating. Stifel said that the company, which owns brands such as Vans and The North Face, was at an attractive stock price following a selloff following a dividend cut that caused the stock price to decline.

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FREYR Battery

It has been reported that shares of the battery manufacturer have risen 1% as a result of Bank of America initiated coverage of the company with a buy rating. In addition to its battery cell design and capacity to raise capital, Bank of America believes the startup has a good chance of growing into a larger company as a result of its ability to raise capital.

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Cloudflare 

Just under 1% of the stock price was added by the cybersecurity company. Cloudflare (Cloudflare) announced late Thursday that both it's top and bottom lines for the fourth quarter beat expectations. The company earned an adjusted 6 cents a share on revenue of $275 million, translating into earnings per share of 6 cents. Refinitiv's analysts surveyed predicted that the company would generate $274 million in revenue from 5 cents per share and 5 cents per share. As well as exceeding estimates, Cloudflare also provided revenue guidance for the full year.

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Deutsche Bank 

Deutsche Bank shares fell 3% after Bank of America downgraded it from neutral to underperform, saying the European bank is “struggling to improve profitability.”

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Newell Brands  

There was a 2% decline in shares of the consumer goods company. In its first-quarter and full-year guidance, Newell's earnings per share and revenue are expected to miss analysts' estimates, according to StreetAccount. A retirement announcement was also made by Ravi Saligram, the CEO of the company, effective May 16.

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Motorola Solutions 

As a result of the company beating both analysts' expectations on both the top and bottom lines of the company for the most recent quarter, Motorola Solutions shares rose more than 3% in the most recent quarter.

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Doximity 

On the heels of lighter-than-expected guidance for the current quarter as well as a full year, the shares of Doximity declined by more than 12%. Shares of the company fell to a record low despite a top-and-bottom line that exceeded analysts' expectations, according to FactSet, despite a decline in shares.

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Topgolf Callaway Brands

 A stock price decline of about 4% was experienced by the golf company after it reported a net loss of 27 cents per share, excluding items, in the last quarter. FactSet reports that adjusted earnings before interest, taxes, depreciation, and amortization for the fourth quarter of 2017 were slightly below analysts' expectations.