PacWest, DraftKings, Pfizer, Foot Locker Among Stocks Making Biggest Moves Midday

 the stocks that are making the biggest moves midday on May 22, 2023:

  • PacWest Bancorp (PACW) is up 10.4% after reporting earnings that beat analysts' expectations. The bank's revenue also came in above expectations.
  • DraftKings (DKNG) is up 8.6% after the company announced a partnership with MGM Resorts International. The deal will allow DraftKings to offer sports betting in Nevada, New Jersey, and West Virginia.
  • Pfizer (PFE) is up 4.5% after the company announced that its COVID-19 vaccine is now 91% effective in preventing infection in children ages 5 to 11.
  • Foot Locker (FL) is up 3.8% after the company reported earnings that beat analysts' expectations. The athletic retailer's revenue also came in above expectations.

Here are some of the factors that could be driving these stocks higher:

  • Strong earnings: PacWest Bancorp, DraftKings, and Pfizer all reported strong earnings that beat analysts' expectations. This is a positive sign for the overall economy and could be boosting investor confidence.
  • Positive news: The partnership between DraftKings and MGM Resorts International is positive news for the sports betting industry. This could lead to increased revenue for both companies and could also help to legitimize the industry.
  • Improved outlook: Foot Locker's earnings report showed that the company's business is improving. This is a positive sign for the retail industry and could be boosting investor confidence.

It is important to note that these are just a few of the stocks that are making big moves midday. There are many other stocks that are also moving, and it is important to do your own research before making any investment decisions.



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